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5:30 PM ET, July 31, 2011


 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 …
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 /
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: 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.
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.
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: 
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