memeorandum: Boehner to Seek Smaller $2 Trillion Deal (Wall Street Journal)

8:45 AM ET, July 10, 2011

Top Items:

Under pressure from right, John Boehner steps back on debt deal — House Speaker John Boehner, under pressure from the right and facing resistance from his own deputies, backed away Saturday from a bold $4 trillion deficit-reduction package that he once hoped would resolve the August debt ceiling crisis …

Discussion: Verum Serum, The Page, Booman Tribune and Daily Pundit

Carl Hulse / New York Times:

Boehner Scales Back on Deficit Talks, Citing Tax Increases — WASHINGTON — Citing differences over tax revenues, House Speaker John A. Boehner said on Saturday night that he would pull back from joint efforts with President Obama to reach a sweeping $4 trillion deficit-reduction plan tied …

Discussion: Daily Kos and TalkLeft

Washington Post:

Boehner abandons efforts to reach comprehensive debt-reduction deal — House Speaker John A. Boehner abandoned efforts Saturday night to cut a far-reaching debt-reduction deal, telling President Obama that a more modest package offers the only politically realistic path to avoiding a default on the mounting national debt.

Discussion: Prairie Weather, Weasel Zippers, Reboot Congress and The New Republic

Sam Youngman / The Hill:

White House says Boehner balked over taxes, not entitlements — Boehner “couldn't do revenues from wealthiest Americans,” a White House official said. — House Speaker John Boehner (R-Ohio) all but extinguished hopes for a big deficit reduction deal because he refused to support …

Discussion: CNN, FrumForum and Bloomberg

Wall Street Journal:

Boehner to Seek Smaller $2 Trillion Deal — WASHINGTON—House Speaker John Boehner (R., Ohio) said the White House and congressional leaders have stopped pursuing the major deficit-reduction deal tackling entitlement programs and an overhaul of the tax code that he and President Barack Obama had been seeking.

Discussion: James Pethokoukis, Taegan Goddard's …, Doug Ross and The Lonely Conservative

Ryan Grim / The Huffington Post:

John Boehner Rejects Obama's Grand Bargain On Debt Ceiling … Barack Obama , John Boehner , Deficit , Federal Deficit , Debt Ceiling , Boehner Budget Cuts , Boehner Debt Ceiling , Boehner Deficit , Boehner Spending Cuts , John Boehner Budget Cuts , John Boehner Debt Ceiling …

Discussion: The Atlantic Online, Scarecrow's myFDL diary and FrumForum

James Pethokoukis:

Will Boehner pull a ‘Reagan at Reykjavik’ and walk? — Will House Speaker John Boehner commit Republicans to raising $1 trillion in taxes as part of President Obama's last-minute push for as much as a $4 trillion debt reduction deal? Obama and the GOP meet Sunday evening, but things continue to develop quickly:

Discussion: Associated Press, National Review, Power Line and The Hill

Speaker:

Statement by Speaker Boehner on Debt Limit Discussions — House Speaker John Boehner (R-OH) released the following statement today regarding ongoing debt limit discussions with the White House:

Discussion: BizzyBlog, NewsBusters.org and New York Magazine

Reuters:
Boehner says debt talks scaled back over tax rift

Discussion: CNN, CNBC and Poor Richard's News

Wall Street Journal:
Boehner's Obama Gamble

Discussion: The Hill, The Lonely Conservative, James Pethokoukis, National Review, Connecting.the.Dots, The Page, The Politico, The Daily Beast and Washington Post

Washington Post:
Senate Democrats draft debt-reduction plan

Discussion: AMERICAblog News, Daily Pundit, Poor Richard's News, JammieWearingFool and The Politico

Erik Wasson / The Hill:
Conrad budget cuts $800B from Defense

Discussion: Say Anything and Balloon Juice

Jay Newton-Small / Swampland:
Has Nancy Pelosi Been Marginalized in the Debt Debate?

Discussion: Suburban Guerrilla, Hot Air and Moe Lane

Philip Ruckerand Felicia Sonmez / Washington Post:
Progressives and tea party lawmakers pressure leaders on debt deal

Discussion: Hugh Hewitt's TownHall Blog

Stephen Clark / Fox News:

Bachmann Stands By Marriage Pledge That Links Slavery to Black Family Values — Republican presidential candidate Michelle Bachmann is standing firm behind a pledge she signed Thursday that promotes marriage and social conservative values, but includes a passage in the opening statement …

Discussion: Firedoglake, Weasel Zippers, Daily Pundit and Little Green Footballs

Liz / Gary Johnson 2012:

Gary Johnson Calls Family Leader Pledge “Offensive and Unrepublican” — July 9, 2011, Las Vegas, Nevada - Presidential candidate and former New Mexico Governor Gary Johnson charged today in a formal statement through his campaign that the Family Leader “pledge” Republican candidates for President …

Discussion: Outside the Beltway, A plain blog about politics and The Agitator

Maggie Haberman / The Politico:
Conservative group backtracks on marriage pledge slavery language

Discussion: Little Green Footballs

Judd Legum / ThinkProgress:
FAMiLY LEADER Statement Suggests Pledge, Signed By Bachmann, Requires Her To Prosecute Essentially All Porn

Discussion: Dump Michele Bachmann, Washington Post and Verum Serum

New York Times:

U.S. Is Deferring Millions in Pakistani Military Aid — WASHINGTON — The Obama administration is suspending and, in some cases, canceling hundreds of millions of dollars of aid to the Pakistani military, in a move to chasten Pakistan for expelling American military trainers and to press its army to fight militants more effectively.

Discussion: The Moderate Voice, ThinkProgress, Jihad Watch and FrumForum

Sarah Palin / Facebook:

The Sugar Daddy Has Run Out of Sugar; Now We Need New Leaders — Barack Obama's big government policies continue to fail. He should put a link to the national debt clock on his BlackBerry. The gears on that clock have nearly exploded during his administration.

Discussion: Weasel Zippers, Conservatives4Palin and National Review

Robert Stacy McCain / The Other McCain:

Ann Althouse: Rube … Friday, the Wisconsin law professor asserted that she “made a rational choice” in voting for Obama in 2008, because she does not want to admit the truth: She was wrong, and not merely incidentally wrong, but disastrously, catastrophically wrong.

Discussion: The Lonely Conservative and American Power

JammieWearingFool:

Great News: Friday's Anemic Jobs Number Are Likely Bogus — You think the abysmal jobs report Friday was bad? Just wait until the inevitable revision of the meager figure of 18,000 jobs saved (or created, as Team Obama is fond of saying). … Amazingly, Obama's toadies just keep compounding the problem.

Discussion: Vox Popoli

New York Post:
Clueless about jobs — America's economy grew by a minus cule …

Discussion: Scared Monkeys

Jeffrey Gettleman / New York Times:

After Years of Struggle, South Sudan Becomes a New Nation — JUBA, South Sudan — The celebrations erupted at midnight. Thousands of revelers poured into Juba's steamy streets in the predawn hours on Saturday, hoisting enormous flags, singing, dancing and leaping on the back of cars.

Discussion: USA Today, The Lede, The Gateway Pundit and Outside the Beltway