Wonkbook: Three reasons the debt deal collapsed  —  (Brendan Smialowski - GETTY IMAGES) Last week's sudden and inexplicable burst of debt-deal optimism is over.  But don't ask why the $4 trillion deal collapsed.  That's like asking why John Boehner didn't sprout wings and fly.

TIR Poll: Bachmann Overtakes Romney in Iowa  —  Minnesota Congresswoman Michele Bachmann has surpassed former Massachusetts Governor Mitt Romney in a recent Iowa poll that was conducted by TheIowaRepublican.com.  With Bachmann now leading in Iowa, Romney has fallen to second place …

News International papers targeted Gordon Brown  —  Newspapers obtained details from the former prime minister's bank account and legal file and his family's medical records  —  Journalists from across News International repeatedly targeted the former prime minister Gordon Brown …

Panetta appears to link al-Qaeda presence with Iraq invasion  —  Pool/Reuters - U.S. Defense Secretary Leon Panetta delivers remarks to U.S. troops as he visits Camp Victory in Baghdad July 11, 2011.  Panetta arrived in Iraq on Sunday on his first trip there as U.S. defence secretary.

Economy Faces a Jolt as Benefit Checks Run Out  —  An extraordinary amount of personal income is coming directly from the government.  —  Close to $2 of every $10 that went into Americans' wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody's Analytics.

A Note from Ambassador Robert Ford  —  Outside the Embassy demonstrators complained about U.S. policy towards the Syrian government and my trip to Hama.  —  As I have said before, we respect the right of all Syrians - and people in all countries - to express their opinions freely and in a climate of mutual respect.

Obama vs. Obama  —  Not long ago, Obama warned that raising taxes in a struggling economy is “the last thing you want to do.”  —  In a 75-minute meeting Sunday night, President Obama once again demanded that more than $1 trillion in tax increases be part of any deficit reduction package attached to a vote on the debt ceiling.

Sarah Palin as Newsweek cover girl — again  —  As celebrity glamour shots go, Sarah Palin's cover photo on this week's Newsweek is danged good!  The best-selling author and reality-TV star looks young and vibrant.  Her devil-may-care countenance aided and abetted by the wind conspicuously blowing hair back.

The Glum and the Restless  —  Nearly one in five recent grads is out of work.  Could that hurt Obama's reelection bid?  —  Still waiting: A college job fair at Rutgers University.  —  Here's a fact that should give economists—and maybe President Obama's political team—heartburn …

No, We Can't?  Or Won't?  —  If you were shocked by Friday's job report, if you thought we were doing well and were taken aback by the bad news, you haven't been paying attention.  The fact is, the United States economy has been stuck in a rut for a year and a half.

EXCLUSIVE: Mila Kunis Says She'll Accompany U.S. Marine to Corps Ball  —  Most men will spend their lives dreaming about going on a date with Mila Kunis - but for one U.S. Marine, that fantasy may very well turn into a reality.  —  Sgt. Scott Moore, of the 3rd Battalion 2nd Marines in Musa Qala …

The Great Fiction  —  Catherine Rampell, Bruce Bartlett, and Matt Yglesias are all pushing the chart below from a paper by Suzanne Mettler.  According to this gang, people who use, for example, the mortgage interest deduction or who have a 529 college savings program are willfully ignorant …

‘South California’ for 51st state?  —  Fed up with Sacramento, a Riverside County politician seeks to break 13 counties away to form a state called South California  —  Supervisor Jeff Stone, a Republican pharmacist from Temecula, called California an “ungovernable” financial catastrophe …