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7:25 PM ET, September 25, 2008

memeorandum

 Top Items: 
Wall Street Journal:
Agreement Reached on Bailout Ahead of High-Level Meeting  —  Proposal Breaks $700 Billion Into Installments  —  A bipartisan group of House and Senate lawmakers left a two-hour-plus meeting in the U.S. Capitol on Thursday saying they have a “fundamental agreement” on a $700 billion plan to bail out U.S. financial markets.
RELATED:
Jackie Kucinich / The Hill:
House GOP: We have leverage on bailout  —  House Republicans say they have significant leverage on the revamped bailout package, claiming that Democrats will scramble for votes unless they make changes to it.  —  Republicans in the lower chamber are balking at the bailout package …
Ryan Grim / The Crypt's Blogs:
Frank: Republicans “winced” when McCain was mentioned in meeting  —  Rep. Barney Frank (D-Mass.) said that “nobody mentioned McCain” during the several-hour-long meeting on the $700 billion market rescue plan, other than Frank and that his Republican colleagues “winced” when he did.
Discussion: The New Republic and Swampland
Washington Post:
GOP, Democratic Negotiators Reach Agreement in Principle  —  House and Senate negotiators emerged from a closed-door meeting today and said they have reached agreement on basic principles governing a massive financial rescue plan that they hope to pass soon but that is running into stiff resistance from some House Republicans.
Scott Mayerowitz / ABCNEWS:
O'Neill: Bush Doesn't Understand Crisis, ‘It Shows’  —  The President's Former Treasury Secretary Speaks Out About $700 Billion Bailout  —  ABC NEWS Business Unit  —  Former Treasury Secretary Paul O'Neill said today that our nation's leaders — especially President Bush — are “in a panic” …
Discussion: Think Progress and Hot Air
David M. Herszenhorn / New York Times:
Lawmakers Seem Near Deal on Bailout
Mark Finkelstein / NewsBusters.org:
Schieffer: Paulson Pleaded for McCain to Save Bailout
Frank James / The Swamp:
Obama picks Stones over Beatles
Rich Lowry / The Corner:   Situation in House  —  A friend following it closely …
Tami Luhby / CNNMoney.com:
Congress has a plan  —  Lawmakers agree on bailout principles …
Discussion: CNN and The Foundry
Jennifer Loven / Associated Press:
Tentative meltdown deal: Bush, McCain, Obama meet
David Rogers / The Politico:
Deal would phase in bailout funds
Marc Ambinder:
Being Close To Russian Entails......  The next installment in Katie Couric's interview with Gov. Sarah Palin.  —  Watch CBS Videos Online  —  COURIC: You've cited Alaska's proximity to Russia as part of your foreign policy experience.  What did you mean by that?
RELATED:
Steve Benen / Washington Monthly:
PALIN'S UNIQUE SPIN ON THE BAILOUT.... When Sarah Palin sat down with ABC's Charlie Gibson a couple of weeks ago, it was a fairly dominant story.  Palin's interview yesterday with CBS's Katie Couric is drawing significantly less attention, obviously because it's facing tougher competition from other news developments.
Jason Zengerle / The New Republic:
A Semi-Defense of Sarah Palin  —  Okay, maybe not even that.  Let's call it a charitable interpretation of Sarah Palin.  Matthew Yglesias is puzzled by her statement (in the interview Chris highlights below): … Yglesias wonders whether … But I think what she's actually talking …
Discussion: Matthew Yglesias
Kevin Hechtkopf / CBS News:
In CBS Interview, Palin Calls For Surge In Afghanistan
Discussion: Firedoglake
Christine Lagorio / CBS News:
New Sarah Palin Clip: Keeping An Eye On Putin
Discussion: TalkLeft and Washington Wire
Frank James / The Swamp:   Sarah Palin fears Russians over Alaska?
Peter Hamby / CNN:
Palin takes questions from press corps for first time  —  NEW YORK (CNN) — Sarah Palin took questions from her traveling press corps Thursday for the first time since being tapped as John McCain's running mate.  —  Speaking to a small pool of reporters following a visit to Ground Zero in lower Manhattan …
RELATED:
Kenneth P. Vogel / The Politico:
In a first, Palin takes press questions  —  NEW YORK — Sarah Palin fielded four questions from a small group of reporters Thursday after touring several Sept. 11-related sites, articulating a forceful approach to the war on terror but offering mostly evasive answers to specific questions.
Discussion: The New Republic
The Huffington Post:
Obama Will Make Debate A Townhall If McCain Doesn't Show  —  UPDATE: An adviser Barack Obama says he expects John McCain to attend: … Barack Obama is committed to hosting a public, televised event Friday night in Mississippi even if John McCain does not show up, an official close to the Obama campaign tells the Huffington Post.
RELATED:
Liz Sidoti / Associated Press:   No change yet in McCain debate status
Jonathan Martin / Jonathan Martin's Blogs:
Nope, nothing campaign-related here  —  McCain met with congressional leaders earlier today and has now returned to his Senate office.  But it's increasingly implausible to think that what he's doing is anything different than he'd be doing on the campaign trail, except he's in person now instead of on his cell phone.
Discussion: Salon
RELATED:
Nitya / Political Radar:
Bill Clinton: Don't ‘Overly Parse’ McCain Request to Delay Debate  —  ABC News' Nitya Venkataraman Reports: Former President Bill Clinton defended Sen. John McCain's request to delay the first presidential debate, saying McCain did it in “good faith” and pushed organizers to reserve …
Jonathan Martin / Jonathan Martin's Blogs:
McCain to do round of network interviews tonight  —  John McCain will appear on all three network newscasts tonight, a top aide said.  —  McCain is at the White House meeting with President Bush, Barack Obama and congressional leaders now and will tape interviews with NBC, ABC and CBS after the West Wing session.
Charlotte Bailey / Telegraph:
Hugh Hefner to sack Playboy bunnies amid financial crisis  —  Playboy bunnies have become the latest victim of the credit crunch.  —  Tycoon Hugh Hefner has been advised to cut back on staff at his multi-million dollar glamour empire as it struggles to cope during the global economic turmoil.
Discussion: Gawker and Jules Crittenden
Gallup:
Gallup Daily: Race Back to a Tie at 46% Each  —  PRINCETON, NJ — John McCain has gained ground and is now tied with Barack Obama among registered voters in the latest Gallup Poll Daily tracking update for Sept. 22-24, with each candidate getting 46% support.
Chicago Sun Times:
Obama grant being probed  —  A $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports …
Discussion: Townhall.com, Commentary and Hot Air
Andrew Sullivan / The Daily Dish:
Palin On Russia  —  All you can say is: unbelievable.  Except it's true.  She is the vice-presidential candidate of a national political party.  Seriously:
Discussion: MoJoBlog
Jonathan Martin / Jonathan Martin's Blogs:
What liberals are up in arms about this morning  —  McCain revealed in an interview with a Cleveland TV station Tuesday that he hadn't yet read the administration's three-page bailout proposal.  —  “I have not had a chance to see it in writing,” McCain said.  “I have to examine it.”
Discussion: The New Republic
James K. Galbraith / Washington Post:
A Bailout We Don't Need  —  Now that all five big investment banks — Bear Stearns, Merrill Lynch, Lehman Brothers, Goldman Sachs and Morgan Stanley — have disappeared or morphed into regular banks, a question arises.  —  Is this bailout still necessary?  —  The point of the bailout …
Josh Wolk / EW.com:
Jon Stewart and Stephen Colbert: Mock the Vote  —  With just five weeks left until election day, our favorite pundits discuss the power of Sarah Palin, why TV news is about as credible as Muzak, and whether Barack Obama is going to be “sworn in on a gay baby”
 
 
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 More Items: 
Associated Press:
McCain campaign slows, but doesn't stop
Melanie Morgan:
Obama Campaign Supporters Meet With Iranian President
Discussion: Hot Air
Real Time Economics:
Text of Lawmakers' Agreement on Principles
Discussion: Conglomerate and Balkinization
Agence France Presse:
Contact man's murder delays Syria nuclear probe: IAEA
Discussion: MoJoBlog and Israel Matzav
Faiz / Think Progress:
Sanders Schools Kudlow: 'You've Become A Socialist …
Discussion: fednews.com
Megan McArdle:
How do we know something bad is going to happen?
Reuters:
Era of U.S. financial dominance at an end: Germany
 Earlier Items: 
Daniel W. Reilly / The Politico:
Reid: ‘No excuse’ for McCain
Matt Stoller / Open Left:
Pelosi: There's a Deal, Boenher: No Deal
Discussion: pandagon.net
Martin Kady II / The Crypt's Blogs:
McCain huddling with Boehner, Kyl to rally GOP support
Discussion: The Swamp and TIME.com
Bob Cusack / The Hill:
McCain has not sponsored a banking bill this Congress
Andrew Sullivan / The Daily Dish:
Palin, Muthee And The “Israelites”
Discussion: Washington Monthly and Slog
Paul Krugman:
A sneaking suspicion  —  So now the whole rationale for the plan is …
Discussion: The Sideshow