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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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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.


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 …

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.
Discussion:
CNN

Wonkbook: A three-part deal on the debt ceiling?
Discussion:
Rortybomb, FrumForum and The Volokh Conspiracy

Budget experts raise concerns over McConnell debt-limit fallback plan
Discussion:
The Politico, The Huffington Post, Washington Post and The Moderate Voice


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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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 …

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 »

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
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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 Magazine, New York Times, The Wire, Guardian, Guy Fawkes' blog and News: News blog, more at Mediagazer »
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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

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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A Big Week for the New Consumer Agency — This is a big week for the Consumer Financial Protection Bureau (CFPB). Today, the President will announce his intent to nominate Richard Cordray to serve as the first Director of the Consumer Financial Protection Bureau.
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Richard Cordray, not Elizabeth Warren, to lead CFPB
Discussion:
ABCNEWS, The Moderate Voice, Mediaite and The Hill


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, TPMDC and Politics

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

2012 presidential race: Expense reports give peek at candidates' priorities, styles — Mitt Romney is big into political consultants and security guards, underscoring the establishment nature of his campaign. Newt Gingrich is so fond of the Internet and luxury jets that he got himself $1 million in hock.

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