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5:30 PM ET, July 31, 2011

memeorandum

 Top Items: 
The Note:
Congressional Sources: Republicans and Democrats Reach Tentative Debt Deal  —  ABC News' Jonathan Karl (@JonKarl) reports:  —  Democratic and Republican Congressional sources involved in the negotiations tell ABC News that a tentative agreement has been reached on the framework of a deal …
RELATED:
Julian Pecquet / The Hill:
GOP ready to declare victory in debt fight  —  Republicans on Sunday framed an emerging debt ceiling agreement as largely giving them what they wanted in a debt deal.  —  Senate Minority Leader Mitch McConnell (R-Ky.) also pushed back Sunday against suggestions the prolonged fight over raising …
Discussion: Alan Colmes' Liberaland and CNN
Major Garrett / NationalJournal.com:
Outlines of Debt Compromise Emerge  —  An announcement could come as early as Sunday afternoon.  —  Here are the outlines of a debt-ceiling deal that congressional leaders and the Obama White House are firming up in preparation for a possible announcement as early as Sunday afternoon.
Jake Sherman / The Politico:
Griping begins as debt deal specifics emerge  —  Members of Congress from both parties fear their leaders may have conceded too much ground in an emerging deal to raise the debt ceiling, a sign of how difficult it'll be for a sweeping plan to be signed into law before the government begins to default on its debt later this week.
Discussion: Taegan Goddard's … and The Page
Brian Beutler / TPMDC:
Senate Votes Down Reid Bill, Awaits Obama/McConnell Spending-Cut-Only Debt Limit Bill  —  Shortly after 1 p.m. Sunday, the Senate voted down Majority Leader Harry Reid's debt limit bill.  —  That plan has been outmoded by a new one, hammered out by the White House and Minority Leader Mitch McConnell, that's still being finalized.
Brian Beutler / TPMDC:
Dems, GOP Float Eye-Popping Debt Limit Compromise  —  Very late on Saturday, multiple reports sketched out the framework of a debt limit compromise President Obama has struck with Senate Minority Leader Mitch McConnell (R-KY).  —  As noted here, the issue under contention was the design of a so-called …
William A. Jacobson / Le·gal In·sur·rec· tion:
The end of Harry Reid as we know it
Discussion: PoliPundit.com and The Note
The Hill:
Senate defeats Reid bill, waits to vote on deal from Obama and GOP
Discussion: Daily Kos
Michael D. Shear / The Caucus:
Senate Blocks Reid's Debt Ceiling Plan
Discussion: Washington Monthly
Meghashyam Mali / The Hill:   McCarthy: GOP still wants balanced budget amendment
The Note:
Caution on Capitol Hill: ‘Nothing Is Agreed to Until Everything Is Agreed to’
Discussion: Mediaite and Hot Air
The Caucus:
McConnell Sees Deal “Very Close”; Focus Is on Triggers for Cuts
Discussion: Daily Kos
New York Times:
Senate Blocks Reid's Debt Ceiling Plan; Talks Continue
Discussion: Wall Street Journal
Carl Hulse / New York Times:
Amid New Talks, Some Optimism on Debt Crisis
Jake Tapper / Political Punch:
Negotiating All But Done for $2.7 Trillion Deficit Reduction Deal ... Now Comes the Selling  —  Sources from both parties tell ABC News that the major potential roadblock in deficit negotiations— the triggers — are now essentially agreed upon.  The plan is for the House to vote on this tomorrow, assuming all goes according to plan.
RELATED:
Ezra Klein / Washington Post:
Democrats will lose now.  But they can win later.  —  Democrats are going to lose this one.  The first stage of the emerging deal doesn't include revenue, doesn't include stimulus, and lets Republicans pocket a trillion dollars or more in cuts without offering anything to Democrats in return.
Discussion: emptywheel and DISSENTING JUSTICE
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory  —  By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.
Discussion: Daily Kos
Stanley B. Greenberg / New York Times:
Why Voters Tune Out Democrats  —  Stanley B. Greenberg is the chief executive of Greenberg Quinlan Rosner, a polling company that works with center-left political parties in the United States and abroad.  —  BARACK OBAMA can't catch a break from the American public on the economy …
Dan / Riehl World View:
Jennifer Rubin Is An A**hole  —  Sorry, but there's really no other word for it.  Talk about someone with a malfunction.  You write for the Washington Post now, sweetie.  You need to grow up and at least write like an adult, even if you can't manage to think like one.
RELATED:
Jennifer Rubin / Washington Post:
A deal comes together
Thomas L. Friedman / New York Times:
Bring Back Poppy  —  WATCHING today's Republicans being led around by an extremist Tea Party faction, with no adult supervision, I find my mind drifting back to the late 1980s when I was assigned to cover the administration of George H.W. Bush, who I believe is one of our most underrated presidents.
Matthew Yglesias / ThinkProgress:
Compromise In The Works  —  The rumored deals flying around Washington today all sound pretty bad.  And how could they not be?  The White House started with a position that: … But (1) and (3) were in significant tension.  The White House strategy for getting (3) was to persuade the public that (3) was the correct position.
Steve Benen / Washington Monthly:
Extortion politics: a new form of governing  —  Josh Marshall made an interesting point in passing yesterday, asking whether conservative Republicans could achieve massive spending cuts through “old-fashioned majority votes.”  Josh answered his own question: “Of course not.”
 
 
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 More Items: 
The Note:
Herman Cain wins Western Conservative Summit Straw Poll; Rick Perry Second
Discussion: CNN
Gautham Nagesh / The Hill:
Obama condemns violence in Syria
Discussion: Weasel Zippers
New York Times:
A Mobilization in Washington by Wall Street
Discussion: Prairie Weather
Andrea Elliott / New York Times:
The Man Behind the Anti-Shariah Movement
Glenn Thrush / The Politico:
W.H. ‘fine’ with no new revenues until 2013
Discussion: CNN
Mgroombridge / Decide America:
Debt-Ceiling Negotiations Leaving Defense Budget in Grave Jeopardy
 Earlier Items: 
CNN:
Iran state media: Man spared punishment of blinding by acid
Discussion: Weasel Zippers
John Hinderaker / Power Line:
“Fiscally Responsible Punk Rock Music”
Catherine Rampell / New York Times:
Sure Cure for the Debt Problem: Economic Growth
Discussion: Washington Monthly
Peter Schroeder / The Hill:
Moody's: Neither debt plan protects the nation's AAA rating