Top Items:
The Politico:
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 …
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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:
Crooks and Liars, Washington Monthly, Booman Tribune, Weasel Zippers, The Lonely Conservative, The Hill and Reboot Congress
Carl Hulse / New York Times:
Boehner Scales Back 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 to a proposal to increase the federal debt limit.
Discussion:
CNN, JustOneMinute, Balloon Juice, Prairie Weather, Daily Kos and TalkLeft
New York Times:
The Worst Time to Slow the Economy — It was not surprising to hear the Republican presidential candidates repeat their tiresome claim that excessive government spending and borrowing were behind Friday's terrible unemployment report. It was depressing to hear President Obama sound as if he agreed with them.
Discussion:
Rasmussen Reports, Pirate's Cove, Daily Kos, American Thinker and Washington Post
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 …
James Pethokoukis:
Like Reagan at Reykjavik, Boehner passes on a bad deal — So in the end, it was bit of a Ronald Reagan moment for John Boehner on Saturday. Just as the U.S. president walked away from a bad arms control agreement with Soviet leader Mikhail Gorbachev at Reykjavik, Iceland in 1986 …
Discussion:
Power Line
Matthew Yglesias / ThinkProgress:
John Boehner Wants To Scale Down Debt Talks — The collapse of negotiations around $4 trillion in debt reduction and House Speaker John Boehner's preference to scale the scope of discussion back to $2 trillion in hopes that will somehow generate a deal with no tax increases isn't surprising.
Discussion:
Eschaton
Wall Street Journal:
Boehner to Seek Smaller $2 Trillion Deal
Discussion:
Doug Ross, The Lonely Conservative and James Pethokoukis
Speaker:
Statement by Speaker Boehner on Debt Limit Discussions
Discussion:
NewsBusters.org, New York Magazine and BizzyBlog
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
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The Politico:
Daley: U.S. suspending military aid to Pakistan — President Barack Obama's chief of staff on Sunday confirmed that the U.S. is suspending $800 million in military aid to Pakistan. — Bill Daley said the U.S. relationship with Pakistan is “difficult” and must be made “to work over time.”
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The Atlantic Online
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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:
Hot Air, Weasel Zippers, Conservatives4Palin and National Review
New York Post:
Can jobs news get worse? Just wait and see — If you are an American looking for work — no, make that pleading to be allowed to earn a living — you already know this: the job market is even worse than Washington is telling us. And Washington yesterday told us that the employment situation is just plain ugly.
Discussion:
Cold Fury and Daily Pundit
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Imtiyaz Delawala / ABCNEWS:
Christine Lagarde 'Can't Imagine' United States Would Default on Debt — Head of the International Monetary Fund, Christine Lagarde, sits down with ABC News' Christiane Amanpour (Martin Simon/ABC News) — As the White House continues negotiations with congressional leaders over a budget deal this weekend …
Discussion:
CNN
Salena Zito / PittsburghLIVE.com:
Issue could cost Obama his job — Where are the jobs? — Not the stimulus signs, rhetoric about “shovel-ready” economic voodoo or propping-up of an anemic manufacturing sector, but the real jobs? — Polls at the beginning of July showed President Obama in an increasingly hazardous position with voters on jobs and the economy.
Mark Steyn / National Review:
Light motif — I think we ought to be harder when minor functionaries of a failed leviathan reveal themselves to have a defective understanding of the role of government in free societies. Steven Chu, the Energy Secretary who came into office saying “we have to figure out how to boost …
Discussion:
Power Line, PoliPundit.com, Chicago Boyz and Cold Fury
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