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11:10 PM ET, December 31, 2012

memeorandum

 Top Items: 
Ezra Klein / Wonkblog:
Why the White House thinks it's winning the ‘fiscal cliff’  —  Consider the ongoing fiscal cliff negotiations from the White House's perspective.  —  The specifics of the potential McConnell-Biden deal are fluid, but the bottom line, at the moment, seems to be this: It raises taxes …
RELATED:
Jonathan Weisman / New York Times:
Tentative Deal Is Reached to Raise Taxes on the Wealthy  —  WASHINGTON — Furious last-minute negotiations between the White House and the Senate Republican leadership on Monday secured a tentative agreement to allow tax rates to rise on affluent Americans, but the measure was not going to pass …
Mollie Reilly / The Huffington Post:
Fiscal Cliff: Live Updates On Congress, White House Negotiations … REACT:  —  FOLLOW:  —  Barack Obama , Congress, Barack Obama , Video, Politics News, Fiscal Cliff, Fiscal Cliff Deal, Fiscal Cliff Live Updates, Fiscal Cliff Negotiations, Fiscal Cliff Talks, Fiscal Cliff Updates, Obama Fiscal Cliff, Politics News
Discussion: Weasel Zippers and Hullabaloo
Ezra Klein / Wonkblog:
Here's what Republicans really hated about Obama's news conference  —  President Obama's cheerful, mocking statement enraged Republicans.  But the bigger problem is he said something Republican leaders have been trying to hide from their members.  Obama said, clearly, that if the GOP wants …
Discussion: The Atlantic Online and ABCNEWS
Sam Stein / The Huffington Post:
Fiscal Cliff Deal Growing More Likely, Would Raise $715 Billion In Revenue … REACT:  —  FOLLOW:  —  Bush Tax Cuts, Video, Boehner Fiscal Cliff, Fiscal Cliff, Fiscal Cliff Deal, Fiscal Cliff Tax Revenues, Fiscal Cliff Taxes, Obama Fiscal Cliff, Obama Fiscal Cliff Deal, Tax Hikes, Politics News
Matthew O'Brien / The Atlantic Online:
The Estate Tax Is a Huge Giveaway in the Fiscal-Cliff Talks  —  It will cost us $375 billion over the next decade if we keep the estate tax from going back to its Clinton-era levels.  That's twice the savings from switching to chained CPI.  —  (Reuters)  —  It's time to talk …
Paul Krugman:
Conceder In Chief?  —  OK, I've had my own sorta-kinda briefing on the apparent fiscal cliff deal, and I'm pretty much with Noam Scheiber.  Viewed on its own, it's a bad and upsetting deal but not as terrible as initial rumors had it.  But the strategic consequences are likely to be very bad indeed, and in very short order too.
bigstory.ap.org:
AP SOURCES: ‘FISCAL CLIFF’ DEAL EMERGING  —  You are here  —  Home » United States Congress » AP Sources: ‘Fiscal cliff’ deal emerging  —  WASHINGTON (AP) — The contours of a deal to avert the ‘fiscal cliff’ emerged Monday, with Democrats and Republicans agreeing to raise tax rates …
Washington Post:
(APPLAUSE)  —  Thank you.  Please, everybody have a seat.  —  Well, good afternoon, everybody.  Welcome to the White House.  —  (UNKNOWN): Thank you for having us.  —  (LAUGHTER)  —  OBAMA: Now I realize that the last thing you want to hear on New Year's Eve is another speech from me …
Leigh Ann Caldwell / CBS News:
It's official: Deal reached on “fiscal cliff”
Discussion: TalkLeft and Firedoglake
Ian Swanson / The Hill:
Biden meets Senate Democrats as Reid, Pelosi sign off on deal
Discussion: Post Politics
Jonathan Chait / New York Magazine:
Why Is Obama Caving on Taxes?
Brian Beutler / Talking Points Memo:
McConnell's Latest Gambit Is A Big Tax And Debt Limit Tell
Discussion: Daily Kos
Greg Sargent / The Plum Line:
The case for the Dems' negotiating strategy
Nancy Cook / NationalJournal.com:
Fiscal Compromise Would Set Stage For a New Year of Mini-Cliffs
Discussion: Hot Air and National Review
Brian Beutler / Talking Points Memo:
Republicans Lash Out At Obama, Even As Fiscal Cliff Deal Close At Hand
Discussion: Politico and The Daily Caller
USA Today:
Washington poised to go over ‘fiscal cliff’
Discussion: Firedoglake and Associated Press
Wall Street Journal:
U.S. Budget Compromise Deal Reached
Discussion: Washington Wire
Noam Scheiber / The New Republic:
Democrats' Cliff Compromise Is Bad; But the Strategic Consequences Are Disastrous
Discussion: CNN and Washington Examiner
CBS News:
Finally, a “fiscal cliff” breakthrough
Amie Parnes / The Hill:
Obama says fiscal-cliff deal on taxes ‘in sight’ but not done yet
Discussion: Reuters and Politico
Katie Glueck / Politico:
Grover Norquist: Tax rates won't increase
Neil Irwin / Washington Post:   Markets aren't sweating the fiscal cliff
Deirdre Walsh / CNN:
TRENDING: House unlikely to vote on any deal until after cliff deadline
Politico:
Fiscal cliff: Major progress toward deal
Kevin Robillard / Politico:
NBC reporter raises Hillary Clinton questions  —  The top science reporter for NBC News raised questions Monday about Secretary of State Hillary Clinton's hospitalization, raising the possibility the blood clot causing isn't linked to an earlier concussion.  —  “It's not exactly clear …
RELATED:
The European / The European Union Times:
Clinton Injured, US Navy Seal Killed In Secret US Mission To Iran  —  A new Foreign Military Intelligence (GRU) report circulating in the Kremlin today is saying that United States Secretary of State Hillary Clinton [photo 2nd right] was injured, and a top US Navy Seal Commander killed …
Louis Michael Seidman / New York Times:
Let's Give Up on the Constitution  —  AS the nation teeters at the edge of fiscal chaos, observers are reaching the conclusion that the American system of government is broken.  But almost no one blames the culprit: our insistence on obedience to the Constitution, with all its archaic, idiosyncratic and downright evil provisions.
RELATED:
James Taranto / Wall Street Journal:
Long Walks, Short Piers
Discussion: Wizbang and The Gateway Pundit
Jonathan H. Adler / The Volokh Conspiracy:
Seidman: “Let's Give Up on [Parts of] the Constitution”
Discussion: oup.com, protein wisdom and Cafe Hayek
Don Kaplan / NY Daily News:
Political commentator Sean Hannity was one of the big losers in the 2012 election  —  The right-wing Fox News host lost half his audience in the weeks after Obama's win  —  Fox News Channel host Sean Hannity had predicted President Obama would lose in a landslide.
New York Post:
Greenwich Village couple busted with cache of weapons, bombmaking explosives: sources  —  The privileged daughter of a prominent city doctor, and her boyfriend — a Harvard grad and Occupy Wall Street activist — have been busted for allegedly having a cache of weapons and a bombmaking explosive in their Greenwich Village apartment.
Conor Friedersdorf / The Atlantic Online:
The Worst Holiday: New Year's Eve Is Over-hyped and Anti-Climactic  —  An absurd mix of international traditions would be better than how we celebrate it in America.  —  The national embarrassment of American New Year's Eve celebrations embodied in one image.  And it only got worse.  / Reuters
 
 
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 More Items: 
Daniel Malloy / Political Insider:
Rep. John Lewis' wife, Lillian, dies
Peter Wise / Financial Times:
Portugal braced for ‘fiscal earthquake’
Suzy Khimm / Wonkblog:
Obama's wrong: This ‘cliff’ deal still raises taxes on the middle class
Chris Geidner / BuzzFeed:
Barney Frank Opposes Chuck Hagel For Defense Secretary
 Earlier Items: 
Raf Sanchez / Telegraph:
Republican party is ‘devoid of a soul’, says Jon Huntsman
Discussion: Politico, Ballot Box and Mediaite
Dylan Byers / Politico:
Gregory under investigation, out of headlines
Discussion: Weasel Zippers
James Bovard / Wall Street Journal:
How the ‘Dairy Cliff’ Will Cream Consumers
 

 
From Mediagazer:

Gautham Nagesh / Wall Street Journal:
FCC to propose letting broadband providers give some traffic preferential treatment

Ravi Somaiya / New York Times:
Felix Salmon to Take on Web-Based Role at Fusion

John Herrman / The Awl:
In Defense of Explaining Things

 
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