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9:50 PM ET, July 31, 2011

memeorandum

 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.
RELATED:
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.
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 …
Alexander Bolton / The Hill:
Reid signs off on bipartisan debt deal but Boehner holds out  —  Senate Majority Leader Harry Reid (D-Nev.) has signed off on a tentative bipartisan deal forged between President Obama and GOP leaders to raise the debt limit.  —  But the emerging deal may be imperiled by last-minute reluctance …
Julian Pecquet / The Hill:
GOP ready to declare victory in debt fight
Discussion: Alan Colmes' Liberaland and CNN
Brian Beutler / TPMDC:
Senate Votes Down Reid Bill, Awaits Obama/McConnell Spending-Cut-Only Debt Limit Bill
Discussion: CNN and Daily Kos
David Rogers / The Politico:
Reid signs off on debt deal as negotiators get close
Discussion: Iowa Caucuses
Michael D. Shear / The Caucus:
Reid Backs Debt Deal and Hopes for Sunday Night Debt Vote
Brian Beutler / TPMDC:
Dems, GOP Float Eye-Popping Debt Limit Compromise
The Hill:
Senate Dems discuss emerging deal
The Note:
Caution on Capitol Hill: ‘Nothing Is Agreed to Until Everything Is Agreed to’
Michael D. Shear / The Caucus:
Senate Blocks Reid's Debt Ceiling Plan
Discussion: Washington Monthly
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.
Jake Sherman / The Politico:
Griping begins as debt deal specifics emerge
Discussion: The Hill, The Page and Truthdig
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 …
RELATED:
The Note:
The Note — Special ‘Countdown To Crisis’ Sunday Night Edition — Done Deal?
Imtiyaz Delawala / ABCNEWS:
PIMCO CEO Mohamed El-Erian: Budget Deal Will Only Bring Short-Term Relief
Discussion: New York Times and The Note
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 …
RELATED:
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.
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 …
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
Salena Zito / Real Clear Politics:
White House's Over-the-Cliff Moment  —  When historians look back on this moment in American politics, they may wonder why the White House failed to focus on the consuming issue of the time: the economy — and, in particular, jobs.  —  An exasperated U.S. Sen. Bob Casey Jr., D-Pa. …
Discussion: Hot Air
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.
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: nation.foxnews.com and Newsalert
Seth / Enik Rising:
“Just fix it”  —  Alyssa Milano, via Twitter: … Here's why we can't “just fix it.”  There are different ways of fixing it.  You could raise taxes.  You could cut spending.  If you want to raise taxes, you could do it on upper income Americans, or on lower income Americans, or some combination.
The Note:
Herman Cain wins Western Conservative Summit Straw Poll; Rick Perry Second  —  ABC News' Arlette Saenz (@arlettesaenz) reports:  —  Presidential candidate Herman Cain won the straw poll at the Western Conservative Summit in Denver this weekend with 48 percent of the votes, followed by Texas Governor Rick Perry.
Discussion: Iowa Caucuses, CNN and The Other McCain
RELATED:
Alexander Burns / The Politico:
Herman Cain dominates Denver straw poll; Rick Perry second
Discussion: The Raw Story
 
 
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 More Items: 
Jane Hamsher / Firedoglake:
Bernie Sanders to Primary Obama? Don't Make Me Laugh
Jack Healy / New York Times:
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Discussion: Registan.net and Jihad Watch
ABCNEWS:
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Discussion: Crooks and Liars
UK National Statistics Publication Hub:
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Discussion: The Moderate Voice
Andrea Elliott / New York Times:
The Man Behind the Anti-Shariah Movement
 Earlier Items: 
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