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5:15 PM ET, August 7, 2011

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Meghashyam Mali / The Hill:
Axelrod: This was a ‘tea party downgrade’  —  Top Obama strategist David Axelrod criticized Republicans over their handling of the debt-ceiling negotiations which he argued led to Standard & Poor's decision to downgrade the nation's credit rating Friday.  —  This was a “tea party downgrade,” said Axelrod on CBS News' Face the Nation.
Julie Mason / The Politico:
Blame, insults traded over credit downgrade on Sunday shows  —  The bleaker effects of the nation's credit downgrade could be clearer Monday when the markets open, but Sunday's back-and-forth on morning news shows over where to stick the blame was a grim portent of prospects for a bipartisan solution.
Katrina Trinko / National Review:
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
Discussion: Hot Air and The Daily Caller
The Daily Beast:
Tea Party's Next Targets
Lucy Madison / CBS News:
Axelrod: This is a “Tea Party downgrade”
Alexander Bolton / The Hill:
Obama's soft response to Tea Party draws liberal criticism
Discussion: CNN and Weasel Zippers
Seung Min Kim / The Politico:
S&P rating: ‘Outrageous’, ‘nothing good to say’  —  Outrage over Standard & Poor's downgrade of the United States' credit rating extended to both sides of the political aisle on Sunday.  —  Steve Forbes, CEO of Forbes Inc. and a former Republican presidential contender …
Discussion: ThinkProgress
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Alexander Bolton / The Hill:
S&P executive says it could take over a decade to restore US credit rating
Jim Hoft / The Gateway Pundit:
The 18 Countries With a Better Credit Rating Than the United States
Discussion: Israel Matzav
Steve Benen / Washington Monthly:
A timeline of events  —  Let's take a stroll down memory lane, shall we?
Discussion: The Reaction
New York Times:
Anger Over Credit Rating Resurfaces in Washington
Discussion: Guardian, Prairie Weather and Daily Kos
Edmund L. Andrews / NationalJournal.com:
Why S&P's Downgrade is No Joke  —  The real impact of S&P's downgrade …
Drew Westen / New York Times:
What Happened to Obama?  —  Drew Westen is a professor of psychology at Emory University and the author of “The Political Brain: The Role of Emotion in Deciding the Fate of the Nation.”  —  Atlanta  —  IT was a blustery day in Washington on Jan. 20, 2009, as it often seems to be on the day of a presidential inauguration.
Steve Benen / Washington Monthly:
The worst thing the GOP has ever done?  —  I was on a radio show recently talking about the debt-ceiling hostage standoff and was asked whether this was the worst thing Republicans — or any major party, really — have ever done.  The more I think about it, the more the question resonates with me.
Discussion: Balloon Juice
BBC:
London riots: Dozens injured after Tottenham violence  —  Clasford Stirling, a resident of Tottenham for 32 years, said the area looked like a battlefield  —  More than 40 people have been arrested after rioting saw police attacked, buildings looted and vehicles set alight in Tottenham, north London.
RELATED:
Guardian:
Tottenham riots: police ‘had not anticipated’ extreme violence
Discussion: Blogcritics and The Moderate Voice
Julie Creswell / New York Times:
Pressing All the Buttons for a Panic Attack  —  BRADLEY ALFORD, a money manager in Atlanta, just hit the panic button.  —  No, really.  Mr. Alford just hit the key on his computer that initiates the Wall Street equivalent of the nuclear option: Sell everything.
Glenn Harlan Reynolds / Washington Examiner:
Sunday Reflection: Why the GOP should give Obama the higher taxes he wants  —  Well, the debt deal is behind us, but it's clear that the White House wants more taxes.  Instead of fighting this head-on, the GOP might want to think about future ways of giving President Obama what he says he wants.
Blue Texan / Firedoglake:
Rick Perry: In Less Than Three Years, America Has Forgotten God, Needs to Repent  —  Apparently, in the 930 days since Barack Obama became president, the United States has slipped into a dangerous agnosticism, if not outright atheism. … When Christian right-wingers say that America has …
Discussion: NationalJournal.com
Janet Daley / Telegraph:
If we are to survive the looming catastrophe, we need to face the truth  —  The idea that a capitalist economy can support a socialist welfare state is collapsing before our eyes, says Janet Daley.  —  Getting it right: the Tea Party recognised where America's policies were heading
Alex Seitz-Wald / ThinkProgress:
Paul Ryan Signals Willingness To Raise Revenues, Shifting Positions Following Downgrade  —  House Budget Chairman Paul Ryan (R-WI) said he is open to revenue increases as part of a deal to reduce the deficit today, seemingly shifting positions from the hardline opposition his party has maintained against revenue growth.
Maureen Dowd / New York Times:
Downgrade Blues  —  BARACK OBAMA must wonder sometimes if his luck has run out.  —  Maybe he used it all up in 2008.  —  “Yes, we can!” has devolved into “Hey, we might.”  —  “When I said, ‘Change we can believe in,’ I didn't say, ‘Change we can believe in tomorrow,’ ” he told an audience at a Chicago fund-raiser on Wednesday.
Peter Oborne / blogs.telegraph.co.uk:
In this grave crisis, the world's leaders are terrifyingly out of their depth  —  Ineffectual: an emergency telephone conference among the G7 finance ministers feels as relevant as a Bourbon family get-together in the summer of 1789  —  Certain years have gone down in history as great global turning points …
Discussion: PoliPundit.com and National Review
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 More Items: 
Noel Sheppard / NewsBusters.org blogs:
Cokie Roberts on Downgrade: ‘The Problem That We Have Here is the Constitution’
Tom McGregor / Dallas Blog:
Amidst Obama Depression, President Plays Golf
Discussion: The Gateway Pundit
Cindy Adams / New York Post:
Levi sister pulverizes Palins
Ezekiel J. Emanuel / New York Times:
Shortchanging Cancer Patients
Discussion: Cafe Hayek
The White House:
WEEKLY ADDRESS: Creating Jobs and Getting All Americans Back to Work
Thom Hartmann:
Mainstream Media Ignores S&P Attack On Republicans
Discussion: Crooks and Liars
 Earlier Items: 
Richard Pérez-Peña / New York Times:
Hugh Carey, Who Led Fiscal Rescue of New York City, Is Dead at 92
Discussion: THE ASTUTE BLOGGERS and Gothamist
Washington Post:
Origins of the debt showdown
Washington Examiner:
Obama won't escape blame for credit downgrade
Discussion: Hot Air and The Impolitic