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8:45 AM ET, August 1, 2011

memeorandum

 Top Items: 
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.
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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.
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.
Thomas Lane / Talking Points Memo:
Waiting To Exhale
Discussion: TPMDC and The Hill
Brian Beutler / TPMDC:
IT'S A DEAL! Obama, Congressional Leaders Announce Deal To Avoid Default
Discussion: Crooks and Liars and The Hill
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 …
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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.
Alexander Bolton / The Hill:
Reid, McConnell endorse deal, will present to rank-and-file Monday
Discussion: Wonkette
Wall Street Journal:
Compromise Debt Deal in Sight
Rachelle Younglai / Reuters:
House Democrats might not back debt deal: Pelosi
Discussion: AMERICAblog News
Mike Lillis / The Hill:
Pelosi, Dem leaders withholding judgment
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.
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New York Times:
To Escape Chaos, a Terrible Deal  —  There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all.  The deal would avert a catastrophic government default, immediately and probably through the end of 2012.
Ezra Klein / Washington Post:
Democrats will lose now. But they can win later.
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 …
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Washington Post:
White House, congressional leaders reach debt-limit deal  —  President Obama and congressional leaders Sunday night sealed a deal to raise the federal debt limit that includes sharp spending cuts but no new taxes, breaking a partisan impasse that has driven the nation to the brink of a government default.
Wall Street Journal:
A Tea Party Triumph  —  The debt deal is a rare bipartisan victory for the forces of smaller government.  —  If a good political compromise is one that has something for everyone to hate, then last night's bipartisan debt-ceiling deal is a triumph.  The bargain is nonetheless better …
Paul Krugman / New York Times:
The President Surrenders  —  A deal to raise the federal debt ceiling is in the works.  If it goes through, many commentators will declare that disaster was avoided.  But they will be wrong.  —  For the deal itself, given the available information, is a disaster, and not just for President Obama and his party.
Ezra Klein / Washington Post:
A deal that found the lowest-common denominator  —  (Alex Wong - VIA BLOOMBERG) Assuming no hiccups in the House — and that might be a big assumption — we've got a deal.  The deficit-reduction side includes $1 trillion in cuts now, $1.5 trillion (or more) in deficit reduction later, and a vote on a balanced budget amendment.
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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.
Kenneth P. Vogel / The Politico:
Ads tout Rick Perry as ‘better option’ for president  —  A new so-called super PAC supporting a prospective Rick Perry presidential campaign is going up Monday in Iowa with a statewide television buy touting the Texas governor as “a better option” for president.
Discussion: Don Surber and GOP 12
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 …
Jim Hoft / The Gateway Pundit:
Outrageous... Obama Has Top Admiral Tell Troops in Afghanistan They May Not Get Paid (Video)  —  Nice... Obama's scaring the hell out of our troops.  —  Barack Obama had Joint Chiefs of Staff Chairman Adm. Mike Mullen fly to Afghanistan this weekend to tell the troops serving there that their families …
Discussion: Breitbart.tv and iOwnTheWorld.com
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 More Items: 
Frank Donze / New Orleans Times-Picayune:
Edwin Edwards is barely singed at 84th birthday roast
Discussion: Hotline On Call and RedState
Christian Heinze / GOP 12:
Palin film disappears at box office
Discussion: Taegan Goddard's …
Kevin G. Hall / McClatchy Washington Bureau:
Experts: Debt deal avoids tackling hard questions
Menzie Chinn / Econbrowser:
Tales from GDP revisions
Discussion: Grasping Reality …
Simonhernandezarthur / CNN:
Bachmann cuts Iowa swing short
Discussion: GOP 12
CNNMoney.com:
Asian markets surge on ‘debt relief’
Discussion: blogs.telegraph.co.uk
Robert / Jihad Watch:
New York Times concedes that Spencer and other anti-jihadists are not responsible for Norway murders
Directorblue / Doug Ross:
WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a …
 Earlier Items: 
Voice of America:
Remake of history
Discussion: Weasel Zippers and Jihad Watch
MyFOX Detroit:
Agents Raid Wrong House in Sterling Heights
Gautham Nagesh / The Hill:
PIMCO chief: Deal won't prevent downgrading of US AAA credit rating
Discussion: Right Wing News
Jane Hamsher / Firedoglake:
Bernie Sanders to Primary Obama? Don't Make Me Laugh
Salena Zito / Real Clear Politics:
White House's Over-the-Cliff Moment
Discussion: Tom Watson and Hot Air