Top Items:
CBS News:
Poll: 71% shun GOP handling of debt crisis — CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto. — Americans are unimpressed with their political leaders' handling of the debt ceiling crisis, with a new CBS News poll showing …
Discussion:
Outside the Beltway, ThinkProgress, Taegan Goddard's …, Mediaite, Politics, Instapundit and CBS News
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David Rogers / The Politico:
GOP turns hard right on debt — Turning right with a vengeance, Republicans will bring to the House floor Tuesday a newly revised debt-ceiling bill that is remarkable for its total absence of compromise at this late date, two weeks before the threat of default.
Zachary A. Goldfarb / Washington Post:
Congress tees up crucial votes on debt limit — A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years gained momentum Sunday, as leaders agreed they would have to act in the next two weeks …
Bloomberg:
Coburn of Oklahoma to Offer $9 Trillion Budget-Cut Plan to Spur Debt Talks — Republican Senator Tom Coburn said he will unveil a plan tomorrow that would cut $9 trillion from the federal budget over the next 10 years in an effort to curb spending and avoid a default on U.S. debt.
Discussion:
Jared Bernstein
Ezra Klein / Washington Post:
Wonkbook: A three-part deal on the debt ceiling? — Senate Minority Leader Mitch McConnell listens to a question while addressing the media on the budget talks. (Mark Wilson - GETTY IMAGES) We seem to be coming closer to a deal on the debt ceiling. It begins with the McConnell plan …
Discussion:
Rortybomb, The Volokh Conspiracy and Firedoglake
Alexander Bolton / The Hill:
Coburn to unveil $9T deficit-reduction plan — Sen. Tom Coburn (R-Okla.) said Sunday the federal government can save $1 trillion though tax reform, a proposal that will put him at odds with some GOP colleagues. — Coburn plans to unveil a $9 trillion deficit-reduction package Monday …
Discussion:
Hot Air
Erik Wasson / The Hill:
Budget experts raise concerns over McConnell debt-limit fallback plan
Discussion:
The Politico, The Huffington Post, Washington Post and The Moderate Voice
Abby Phillip / The Politico:
Richard Cordray, not Elizabeth Warren, to lead CFPB
Discussion:
ABCNEWS, The Moderate Voice, Mediaite and The Hill
Wall Street Journal:
News and Its Critics — A tabloid's excesses don't tarnish thousands of other journalists. — When News Corp. and CEO Rupert Murdoch secured enough shares to buy Dow Jones & Co. four years ago, these columns welcomed our new owner and promised to stand by the same standards and principles we always had.
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David Carr / New York Times:
Troubles That Money Can't Dispel — “Bury your mistakes,” Rupert Murdoch is fond of saying. But some mistakes don't stay buried, no matter how much money you throw at them. — Time and again in the United States and elsewhere, Mr. Murdoch's News Corporation has used blunt force spending …
Ed Pilkington / Guardian:
Wall Street Journal hits back over phone-hacking scandal — Wall Street Journal accuses Guardian and BBC of driving phone-hacking story for ‘commercial and ideological motives’ — The Wall Street Journal has attempted to redirect the criticism that has been levelled against its owner …
Discussion:
News Desk, Sydney Morning Herald, The Moderate Voice, AMERICAblog News and Mercury Rising, more at Mediagazer »
Telegraph:
Phone Hacking: John Yates ‘to be suspended’ over Neil Wallis links — One of Scotland Yard's most senior officers, John Yates, is likely to be suspended on Monday pending an investigation over the phone hacking scandal and his links to Neil Wallis, sources have told The Daily Telegraph.
Discussion:
New York Times, New York Magazine, The Wire, Guardian and Guy Fawkes' blog, more at Mediagazer »
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Walter Brandimarte / Reuters:
Moody's suggests U.S. eliminates debt ceiling — * Says ceiling brings periodic uncertainty to bond holders — * Suggests example of Chile in curbing debt — Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
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BBC:
David Petraeus hands over Afghanistan command — Gen John Allen said his intention was ‘to maintain the momentum of this campaign’ — Gen David Petraeus, US commander of Nato troops in Afghanistan, has handed responsibility for the military campaign there to his successor, Gen John Allen.
Discussion:
News Desk and New York Magazine
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John Hawkins / Right Wing News:
The Slow, Painful Coming Death Of The Independent, Conservative Blogosphere — Way, way back in 2001, when I got started in the blogosphere, the Right side of the blogosphere was bigger and more influential than the Left. Why? Well, in American politics, the energy tends to be with the party that's out of power.
Discussion:
Pajamas Media, Riehl World View, American Power, Althouse and Le·gal In·sur·rec· tion
Baird Helgeson / Minneapolis Star Tribune:
Chance for quick budget deal fades — Timing of special session is in doubt as GOP legislative leaders try to line up enough votes to end state shutdown. — Four days after the announcement of a budget deal, fresh signs emerged Sunday that the agreement is not coming together as first hoped …
Discussion:
The Politico and Politics
The Note:
How Much Longer Can Obama Defy Political Gravity? — ANALYSIS By AMY WALTER (@amyewalter): Although President Obama's job approval rating of 48 percent (according to Pollster.com average) isn't exactly stellar, it is remarkably high given the level of economic pessimism and despair among American electorate.
Discussion:
Ben Smith's Blog and TPMDC
Paul Krugman / New York Times:
Letting Bankers Walk — Ever since the current economic crisis began, it has seemed that five words sum up the central principle of United States financial policy: go easy on the bankers. — This principle was on display during the final months of the Bush administration …
Discussion:
Washington Post and Prairie Weather
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