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12:10 AM ET, August 1, 2011


 Top Items: 
Brian Beutler / TPMDC:
Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On  —  Senate Majority Leader Harry Reid (D-NV) has signed off on a deal to raise the debt limit pending the approval of his caucus — and of course if can win the backing of Senate GOP leaders and then a majority of the House.
Elise Foley / The Huffington Post:
Durbin: Debt Deal Will Be The Death Of Keynesian Economics … WASHINGTON — The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majority Whip Dick Durbin (D-Ill.) said in a floor speech on Sunday.
New York Times:
Obama and Leaders Reach Debt Deal  —  WASHINGTON — President Obama and Congressional leaders of both parties said late Sunday that they had agreed to a framework for a budget deal that would cut trillions of dollars in federal spending over the next decade and clear the way for an increase in the government's borrowing limit.
Steven T. Dennis / Roll Call:
Debt Deal Emerging With Rightward Tilt  —  President Barack Obama's rightward lurch to reach a $3 trillion deficit reduction deal with no guarantee of additional revenues had liberals fuming and Republicans all but declaring victory Sunday afternoon.  —  With time running out to reach …
Alexander Bolton / The Hill:
Reid, McConnell endorse deal, will present to rank-and-file Monday  —  Senate leaders will meet with their caucuses Monday morning to present a bipartisan agreement to raise the debt limit and cut spending between $2 trillion and $3 trillion.  —  Both Senate Majority Leader Harry Reid …
Discussion: Wonkette
Brian Beutler / TPMDC:
IT'S A DEAL!  Obama, Congressional Leaders Announce Deal To Avoid Default  —  President Obama and Congressional leaders announced Sunday evening they've agreed to a major, and controversial deal to raise the national debt limit and advance major cuts to government services.
Discussion: Crooks and Liars and The Raw Story
Alexander Bolton / The Hill:
Reid signs off on bipartisan debt deal
Thomas Lane / Talking Points Memo:
Waiting To Exhale
Discussion: TPMDC and The Hill
Julian Pecquet / The Hill:
GOP ready to declare victory in debt fight
Discussion: Alan Colmes' Liberaland and CNN
Washington Wire:
Live Blog: The U.S. Debt Battle
Chris Cillizza / Washington Post:
The debt-ceiling deal: Winners and losers  —  The debt ceiling fight is over.  The White House and congressional leaders have settled on a deal to raise the nation's debt ceiling, enact immediate spending cuts and, our favorite part, create a super-commission designed to trim the federal budget further by the end of the year.
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.
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.
Michael Barone / Washington Examiner:
GOP wins when the fight is over cuts not more taxes
Jake Sherman / The Politico:
Griping begins as debt deal specifics emerge
Discussion: Truthdig, The Hill and The Page
Imtiyaz Delawala / ABCNEWS:
PIMCO CEO Mohamed El-Erian: Budget Deal Will Only Bring Short-Term Relief  —  One of the most prominent global investors says that a potential budget deal in Washington will only bring short-term relief, and it won't remove the threat of a U.S. debt downgrade by credit rating agencies.
The Note:
The Note — Special ‘Countdown To Crisis’ Sunday Night Edition — Done Deal?
Discussion: The Caucus
‘This Week’ Transcript: David Plouffe and Lindsey Graham
Discussion: Crooks and Liars
Mike Lillis / The Hill:
Pelosi, Dem leaders withholding judgment  —  Emerging from a Capitol Hill meeting with Democratic leaders, House Minority Leader Nancy Pelosi (D-Calif.) on Sunday applauded President Obama for his work on bipartisan legislation to raise the debt ceiling, but deferred her judgment on the bill until …
Pamela Geller / Atlas Shrugs:
Summer Camp?  Antisemitic Indoctrination Training Center … The day of the Norway shooting, I was blindsided by one of the survivor's statements to the press immediately after the shooting (see above).  It was so outside the box, I thought it was the kneejerk response of an anti-semite in shock.
Gautham Nagesh / The Hill:
PIMCO chief: Deal won't prevent downgrading of US AAA credit rating  —  The U.S. is headed for a downgrade in its credit rating regardless of whether a deal is reached this weekend, according to PIMCO founder and managing director Bill Gross.  —  When asked by CNN host Ali Velshi on Sunday whether …
Discussion: Right Wing News
Peter Wallstenand David Nakamura / Washington Post:
Did Obama capitulate — or is this a cagey move?  —  It was President Obama's bottom line, a position he repeated in every recent public utterance on his debt-ceiling talks with Congress: Any deal must be “balanced” with spending cuts and tax increases.  —  But in his eleventh-hour stare …
Jim McElhatton / Washington Times:
Biden charging Secret Service for cottage rental  —  The U.S. Secret Service does more than protect Vice President Joseph R. Biden Jr. — the agency also pays him rent.  —  Since April, Mr. Biden has collected more than $13,000 from the agency charged with protecting him and his family …
Discussion: and Newsalert
Alexander Burns / The Politico:
Herman Cain dominates Denver straw poll; Rick Perry second  —  Herman Cain easily won the Western Conservative Summit presidential straw poll Sunday, drawing 246 ballots out of 508 cast and beating his nearest runner-up by a 179-vote margin.  —  Second-place contender Rick Perry took 67 votes, or 13 percent, to Cain's 48 percent.
Discussion: The Raw Story
The Note:
Herman Cain wins Western Conservative Summit Straw Poll; Rick Perry Second
Discussion: Iowa Caucuses, CNN and The Other McCain
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 More Items: 
Voice of America:
Remake of history
Discussion: Weasel Zippers and Jihad Watch
MyFOX Detroit:
Agents Raid Wrong House in Sterling Heights
Seth / Enik Rising:
“Just fix it”  —  Alyssa Milano, via Twitter:
Jane Hamsher / Firedoglake:
Bernie Sanders to Primary Obama? Don't Make Me Laugh
 Earlier Items: 
Salena Zito / Real Clear Politics:
White House's Over-the-Cliff Moment
Discussion: Tom Watson and Hot Air
Jack Healy / New York Times:
In Afghanistan, Rage at Young Lovers
Discussion: and Jihad Watch
Mgroombridge / Decide America:
Debt-Ceiling Negotiations Leaving Defense Budget in Grave Jeopardy
Steve Benen / Washington Monthly:
Extortion politics: a new form of governing
Discussion: The Huffington Post