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10:50 AM 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:
The Note:
Caution on Capitol Hill: ‘Nothing Is Agreed to Until Everything Is Agreed to’  —  ABC News' Jonathan Karl reports:  —  There is caution on Capitol Hill about a tentative deal being reached.  —  As the mantra here goes, “nothing is agreed to until everything is agreed to.”
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.
Jennifer Rubin / Washington Post:
A deal comes together  —  Two senior Republican offices have confirmed that while the outlines of a debt-ceiling deal are in place, no “paper” has been exchanged.  The agreement would take the country through the 2012 election, but the Boehner bill two-step cutting process would remain.
Gschwarzcnn / CNN:
McConnell: 'We're very close' to a deal  —  Washington (CNN) - Senate Minority Leader Mitch McConnell said Sunday that a deal to raise the debt ceiling is “very close.”  —  Appearing on CNN's “State of the Union,” the Kentucky senator said Republicans and Democrats “made dramatic progress” …
Discussion: Weasel Zippers
Heidi Przybyla / Bloomberg:
White House, Republicans Said to Reach Tentative Deal on U.S. Debt Ceiling  —  The White House and congressional Republicans have found the framework of an agreement to increase the nation's debt ceiling that would raise borrowing authority through the next presidential election, a person familiar with the talks said late last night.
Carl Hulse / New York Times:
Amid New Talks, Some Optimism on Debt Crisis  —  WASHINGTON — New budget talks between top Congressional Republicans and President Obama made progress late Saturday, suddenly stirring optimism that a last-minute deal could be reached to avert a potential federal default that threatened significant economic and political consequences.
Seung Min Kim / The Politico:
Pelosi: Boehner went to ‘dark side’  —  House Minority Leader Nancy Pelosi didn't mince words on Speaker John Boehner's efforts on the debt ceiling, whipping out a Star Wars reference on the House floor Saturday.  —  Instead of working out a compromise with Democrats, she said on the House floor …
Brian Beutler / TPMDC:
BREAKING: Dems Delay Debt Limit Test Vote  —  Senate Democrats have delayed a key Sunday morning test vote on legislation to raise the debt limit, as negotiations to avoid a catastrophic debt default drag on.  —  Late Saturday, Senate Majority Leader Harry Reid (D-NV) announced on the Senate floor …
The Note:
Reid Dismisses GOP Letter Against His Bill, Says His Bill Is ‘Only Game In Town’
Discussion: Weasel Zippers
U.S. Senate Republican Leader Mitch McConnell:
43 Senators Sign Letter Opposing The Reid Bill
NationalJournal.com:
No Compromise in Sight on Debt as Congress Heads into Saturday Session
Molly K. Hooper / The Hill:
‘Fully engaged’ McConnell expresses optimism on debt deal
Discussion: ThinkProgress and AMERICAblog News
Josiah Ryan / The Hill:
Forty-three GOP senators pledge opposition to Reid debt-ceiling plan
Maureen Dowd / New York Times:
Tempest in a Tea Party  —  SO I was chatting with Chris Coons, the new Democratic senator from Delaware who had a rare win over the Tea Party when he beat loony Christine “I've Dabbled in Witchcraft but I Am Not a Witch” O'Donnell in the midterms.  —  Coons is a smart guy who's alarmed …
Discussion: Reuters, Weasel Zippers and Althouse
RELATED:
Pete Kasperowicz / The Hill:
Rep. McCotter calls for a truce between Republicans, Tea Party
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 …
Discussion: Daily Kos and Suburban Guerrilla
George F. Will / Washington Post:
Declaration of independents  —  August is upon us, beaches beckon and Michele Bachmann has set the self-improvement bar high.  She recently told The Wall Street Journal, “When I go on vacation and I lay on the beach, I bring von Mises.”  The congresswoman may be the first person ever …
Discussion: Connecting.the.Dots and Hit & Run
 
 
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 More Items: 
Suzy Khimm / Washington Post:
Why any debt-ceiling deal will squeeze the states
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
Discussion: PoliPundit.com and Vox Popoli
Andrew Ferguson / Weekly Standard:
Civility, Obama Style
Discussion: Power Line
 Earlier Items: 
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Discussion: FOX News Radio
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