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11:40 AM ET, July 10, 2011

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Washington Post:
Boehner abandons efforts to reach comprehensive debt-reduction deal  —  House Speaker John A. Boehner abandoned efforts Saturday night to cut a far-reaching debt-reduction deal, telling President Obama that a more modest package offers the only politically realistic path to avoiding a default on the mounting national debt.
Carl Hulse / New York Times:
Boehner Scales Back on Deficit Talks, Citing Tax Increases  —  WASHINGTON — Citing differences over tax revenues, House Speaker John A. Boehner said on Saturday night that he would pull back from joint efforts with President Obama to reach a sweeping $4 trillion deficit-reduction plan tied …
New York Times:
The Worst Time to Slow the Economy  —  It was not surprising to hear the Republican presidential candidates repeat their tiresome claim that excessive government spending and borrowing were behind Friday's terrible unemployment report.  It was depressing to hear President Obama sound as if he agreed with them.
Matthew Yglesias / ThinkProgress:
John Boehner Wants To Scale Down Debt Talks  —  The collapse of negotiations around $4 trillion in debt reduction and House Speaker John Boehner's preference to scale the scope of discussion back to $2 trillion in hopes that will somehow generate a deal with no tax increases isn't surprising.
Discussion: Eschaton
Ryan Grim / The Huffington Post:
John Boehner Rejects Obama's Grand Bargain On Debt Ceiling … Barack Obama , John Boehner , Deficit , Federal Deficit , Debt Ceiling , Boehner Budget Cuts , Boehner Debt Ceiling , Boehner Deficit , Boehner Spending Cuts , John Boehner Budget Cuts , John Boehner Debt Ceiling …
Wall Street Journal:
Boehner to Seek Smaller $2 Trillion Deal  —  WASHINGTON—House Speaker John Boehner (R., Ohio) said the White House and congressional leaders have stopped pursuing the major deficit-reduction deal tackling entitlement programs and an overhaul of the tax code that he and President Barack Obama had been seeking.
Discussion: Doug Ross
Sam Youngman / The Hill:
White House says Boehner balked over taxes, not entitlements
Discussion: Reuters, CNN, FrumForum and Bloomberg
Russell Berman / The Hill:
Boehner backing away from grand compromise on debt
Discussion: Hot Air
James Pethokoukis:
Like Reagan at Reykjavik, Boehner passes on a bad deal
Discussion: Power Line
James Pethokoukis:
Will Boehner pull a ‘Reagan at Reykjavik’ and walk?
James Pethokoukis:
Is Obama getting ready to snooker Boehner on taxes?
Discussion: Swampland and The Hill
Stephen Clark / Fox News:
Bachmann Stands By Marriage Pledge That Links Slavery to Black Family Values  —  Republican presidential candidate Michelle Bachmann is standing firm behind a pledge she signed Thursday that promotes marriage and social conservative values, but includes a passage in the opening statement …
RELATED:
Don Surber:   Latest plan to save O in 2012
Judd Legum / ThinkProgress:
FAMiLY LEADER Statement Suggests Pledge, Signed By Bachmann, Requires Her To Prosecute Essentially All Porn
New York Times:
U.S. Is Deferring Millions in Pakistani Military Aid  —  WASHINGTON — The Obama administration is suspending and, in some cases, canceling hundreds of millions of dollars of aid to the Pakistani military, in a move to chasten Pakistan for expelling American military trainers and to press its army to fight militants more effectively.
RELATED:
The Politico:
Daley: U.S. suspending military aid to Pakistan  —  President Barack Obama's chief of staff on Sunday confirmed that the U.S. is suspending $800 million in military aid to Pakistan.  —  Bill Daley said the U.S. relationship with Pakistan is “difficult” and must be made “to work over time.”
Discussion: The Atlantic Online
Sarah Palin / Facebook:
The Sugar Daddy Has Run Out of Sugar; Now We Need New Leaders  —  Barack Obama's big government policies continue to fail.  He should put a link to the national debt clock on his BlackBerry.  The gears on that clock have nearly exploded during his administration.
JammieWearingFool:
Great News: Friday's Anemic Jobs Number Are Likely Bogus  —  You think the abysmal jobs report Friday was bad?  Just wait until the inevitable revision of the meager figure of 18,000 jobs saved (or created, as Team Obama is fond of saying). … Amazingly, Obama's toadies just keep compounding the problem.
RELATED:
New York Post:
Can jobs news get worse? Just wait and see
Discussion: Daily Pundit
 
 
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 More Items: 
Joshua Miller / Roll Call:
Warren Talked With DSCC
Megan McArdle / The Atlantic Online:
Hoover Was No Budget Cutter
 Earlier Items: 
Ian Millhiser / ThinkProgress:
Sixteen Senators Ask DOJ To Investigate Potentially Illegal State Voter Disenfranchisement Laws
Discussion: Balloon Juice
Robert J. Herbold / Wall Street Journal:
China vs. America: Which Is the Developing Country?
Discussion: Cold Fury and Say Anything
James Taranto / Wall Street Journal:
The Trouble With Approval Ratings
Discussion: Betsy's Page