memeorandum: Obama's Proposal: Increase Debt Extra $26B This Year, $83B Next Year, $2.7T Over Decade (Terence P. Jeffrey/CNSNews)

6:00 PM ET, July 17, 2011

Top Items:

Rebekah Brooks arrested over phone-hacking allegations — Spokesman for Rebekah Brooks says she did not know she was going to be arrested when she handed in her resignation — Rebekah Brooks has been arrested by police investigating allegations of phone hacking by the News of the World …

New York Times:

Scotland Yard Chief Quits Over Hacking — LONDON — The commissioner of London's Metropolitan Police Services, Sir Paul Stephenson, resigned his post on Sunday just hours after his officers arrested Rebekah Brooks, the former chief of Rupert Murdoch's media operations in Britain …

Discussion: Wall Street Journal, Booman Tribune, The Independent, Harry's Place, Outside the Beltway, ThinkProgress, Reuters, Zandar Versus The Stupid, The Political Carnival and PolitickerNY

Telegraph:

Phone hacking: New body blows for Rupert Murdoch — Rupert Murdoch and his family are facing a series of damaging new allegations over their handling of the phone-hacking scandal. — Rupert Murdoch, leaving News International headquarters in Wapping — A senior Scotland Yard officer …

Discussion: BBC, Guardian and AMERICAblog News

Channel 4:
Preliminary inquiry into News International by Fraud Office

Discussion: ThinkProgress

BBC:
Rebekah Brooks arrested by hacking police

Discussion: The Daily Dish

John F. Burns / New York Times:
A Day of Apologies for the Murdochs, and of New Questions for Cameron

Discussion: The Wire, Guardian, Prairie Weather and New York Magazine, more at Mediagazer »

Manu Raju / The Politico:

Cain: Americans should be able to ban mosques — Herman Cain says voters across the country should have the right to prevent Muslims from building mosques in their communities. — In an exchange on “Fox News Sunday,” the Republican presidential contender said that he sided …

Discussion: CNN, Alan Colmes' Liberaland, Outside the Beltway, The Reaction and Weasel Zippers

Tanya Somanader / ThinkProgress:

Herman Cain: Americans Have The Right To Ban Mosques — To rise above the myriad of GOP presidential candidates, pizza mogul Herman Cain is standing firmly on his anti-Muslim platform. Taking advantage of the Islamophobic atmosphere, Cain consistently vilifies American Muslims and Islam …

Discussion: Sky Dancing and The Daily Caller

Reid Wilson / NationalJournal.com:

Congressional GOP Leaders Slowly Convincing Newer Members of Importance of Raising Debt Ceiling — Boehner: He would have to bring newer members of his caucus along for a deal to be struck. — Sometimes your closest allies can become your biggest headaches.

Discussion: Booman Tribune, PERRspectives, Outside the Beltway, The Reality-Based Community, The Mahablog, New York Times and FrumForum

Alec MacGillis / Washington Post:
Top lawmakers target ‘grand bargain’ for debt plan

Discussion: Via Meadia, Washington Monthly, Crooks and Liars, Zandar Versus The Stupid, FrumForum and The Hill

Vicki Needham / The Hill:
White House budget director sees progress in debt-ceiling talks

Discussion: The Politico

Robert Pear / New York Times:
G.O.P. Freshmen Say Debt Concerns Them More Than Re-election

Discussion: Guardian, No More Mister Nice Blog, The Hill and CNN

The Columbus Dispatch:

Cordray is Obama's choice to lead Consumer Financial Protection Bureau — President Barack Obama will nominate former Ohio Attorney General Richard Cordray to head a powerful new consumer protection agency, White House officials said. — At a White House event Monday …

Discussion: Robert Kuttner, Firedoglake, The Raw Story and ThinkProgress

Binyamin Appelbaum / New York Times:
Former Ohio Attorney General Picked to Lead Consumer Agency

Discussion: A plain blog about politics

Ylan Q. Mui / Washington Post:
Consumer agency won't be led by Elizabeth Warren, source says

Discussion: Hot Air, The Daily Caller, Political Punch, Fred Klonsky's blog and FrumForum

David Leonhardt / New York Times:

We're Spent — THERE is no shortage of explanations for the economy's maddening inability to leave behind the Great Recession and start adding large numbers of jobs: The deficit is too big. The stimulus was flawed. China is overtaking us. Businesses are overregulated. Wall Street is underregulated.

Discussion: Pajamas Media, Jared Bernstein, Don Surber, Daily Kos, Calculated Risk, Prairie Weather, Vox Popoli and Swampland

Jason Clayworth / Iowa Caucuses:

Texas' Rick Perry starting to feel ‘called’ to run for president — The Texan with the slight Southern drawl who has called dozens of top Iowa Republican activists in the past few weeks sounds more and more like he's about to run for president. — “I'm not ready to tell you that I'm ready …

Discussion: The Political Carnival, Hot Air, nation.foxnews.com, Little Green Footballs, The Caucus, The Daily Caller and The Raw Story

Jennifer Rubin / Washington Post:

David Brooks: The scary and sloppy case for rationing — David Brooks of the New York Times likes to fancy himself as a truth-seeker, bringing social and hard sciences to the masses. But in his Friday column on health care and death, he makes some shocking and inaccurate assertions.

Discussion: Economist's View, Betsy's Page and Instapundit

Gschwarzcnn / CNN:

TRENDING: Giuliani to GOP: Stay out of gay marriage — (CNN) - He may not agree with the vote in New York to legalize gay marriage, but former New York City Mayor Rudy Giuliani said the Republican Party should butt out of the bedroom and stick to fiscal policy.

Discussion: ThinkProgress and Towleroad News #gay

Gschwarzcnn / CNN:
Giuliani makes his presidential case

Discussion: Alan Colmes' Liberaland

Nicholas D. Kristof / New York Times:

Our Broken Escalator — THE United States supports schools in Afghanistan because we know that education is one of the cheapest and most effective ways to build a country. — Alas, we've forgotten that lesson at home. All across America, school budgets are being cut, teachers laid off and education programs dismantled.

Discussion: The Huffington Post

Mackenzie Weinger / Reuters:

Hollywood stars open wallets for Obama — President Barack Obama's latest fundraising report resembles an A-list of Hollywood stars, with donations from some of the top celebrities in the entertainment industry. — Among the more than 550,000 donors to the president's 2012 reelection bid …

Discussion: Michelle Malkin and Don Surber