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Cantor's wealthy backers: raise our taxes — House Majority Leader Eric Cantor (R-Va.) has scuttled any possible debt-reduction compromise, insisting House Republicans can't agree to so much as a penny in new revenue. Every tax cut billionaires enjoy is sacred; every corporate-jet owner mustn't …
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Obama tries to box in House GOP — President Obama stopped by the White House briefing room, offering an update on the status of the debt-ceiling process. I've seen some reports suggesting the president endorsed the Gang of Six's compromise, but that's not quite what he said, and it seems to miss the point of Obama's comments.

Gang of Six: A Day Late...
Discussion:
Washington Monthly, Firedoglake, The Politico, A plain blog about politics and The Daily Dish


Intrigue, secret talks grip Capitol Hill
Discussion:
ThinkProgress, Pajamas Media, The Hill, Politics and National Review

Key Dems: Gang of Six plan won't be ready for debt-limit deal by Aug. 2
Discussion:
The Politico, The Note, The Huffington Post, Off the Charts Blog, CNN, Booman Tribune, Hot Air, Opinion L.A., The Nation, Political Punch, New York Times and Washington Post

Boehner's office says Gang of Six proposal ‘appears to fall short’
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CNN, ThinkProgress, Firedoglake, The Politico, RedState, The New Republic, Roll Call, Politics and Washington Wire

Gang Of Six Has Last Gasp
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The Atlantic Online, The Caucus, Cato @ Liberty, The Note, JSOnline, The Reaction, JustOneMinute, Marginal Revolution and The Politico

Franken Destoys Focus On The Family Witness, Exposes Misuse Of HHS Study — During this morning's Senate DOMA hearings, Sen. Al Franken (D-MN) destroyed Focus on the Family's Tom Minnery's argument that children are better off with opposite-sex parents by demonstrating how Minnery misrepresented an HHS study.
Discussion:
Little Green Footballs, Balloon Juice, Good As You, Poliglot, Joe. My. God., Towleroad News #gay and AMERICAblog News
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Allen West tirade: Wasserman Schultz ‘vile...despicable...not a Lady’ — Florida GOP Congressman Allen West this afternoon dispatched a scathing personal email to Democratic National Committee Chairwoman Debbie Wasserman Schultz, calling her “vile, unprofessional ,and despicable,” “a coward …
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Crooks and Liars, The Huffington Post, Booman Tribune, Fox News, Washington Monthly, ThinkProgress, AMERICAN DIGEST, Taylor Marsh, Mediaite, The Note, Sister Toldjah, Pajamas Media, Outside the Beltway, And So it Goes in Shreveport, The Gateway Pundit, Washington Post, New York Magazine, Scared Monkeys, Feministing, No More Mister Nice Blog, The Caucus, Hotline On Call, The Other McCain, TPMDC, Alan Colmes' Liberaland, Gawker, The Raw Story, Althouse, CNN, TBogg, Weasel Zippers, The Lonely Conservative, JammieWearingFool, Doug Ross, Balloon Juice and Hit & Run
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Wasserman Schultz brushes off West email — Rep. Debbie Wasserman Schultz (D-Fla.) is dismissing Tuesday's personal attack by Rep. Allen West (R-Fla.) as political bluster, not a hatchet job on the congresswoman, her office said Tuesday. — “I don't think that Congressman West is upset …

Pawlenty says WH hopefuls must be able do the job — Tim Pawlenty moved closer Wednesday to raising doubts about Michele Bachmann's fitness for office. — While repeating his previous comments that he'd defer to doctors on Bachmann's particular health situation, Pawlenty said broadly …
Discussion:
ThinkProgress, GOP 12 and Shakesville
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Democratic senator Hansen retains seat in recall attempt — Tea party activist, attorney are winners in Republican primaries — By Tom Tolan, Lee Bergquist and Georgia Pabst of the Journal Sentinel — Democratic state Sen. Dave Hansen of Green Bay was the first of nine state senators …
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CNN
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First Thoughts: Disconnect — Disconnect between Obama …
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The Moderate Voice, Hot Air, New York Magazine and American Power


Cost-Cutters, Except When the Spending Is Back Home — WASHINGTON — Freshman House Republicans who rode a wave of voter discontent into office last year vowed to stop out-of-control spending, but that has not stopped several of them from quietly trying to funnel millions of federal dollars into projects back home.
Discussion:
The Moderate Voice and Politics
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The tide of public opinion keeps turning — For the better part of the year, congressional Republicans were able to argue, accurately, that Americans opposed raising the debt ceiling. It was arguably the only honest claim the GOP made in this debate: poll after poll showed public opposition to doing the right thing.
Discussion:
Washington Wire, Washington Post, Wall Street Journal and Balloon Juice
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Post-ABC poll: GOP too dug in on debt talks; public fears default consequences
Discussion:
Daily Kos, The New Republic, msnbc.com, Taylor Marsh, Hot Air, Angry Bear and The Note


Larry Summers calls Winklevoss twins ‘A**holes’ — NEW YORK (Fortune) — What did Larry Summers really think of the Winklevoss twins? — “Rarely, have I encountered such swagger, and I tried to respond in kind,” the former president of Harvard said in an interview at Fortune's Brainstorm Tech conference.
Discussion:
Felix Salmon, Gawker and New York Magazine


Nearly 10 Years Ago Today, The U.S. Began Borrowing Billions To Pay For The Bush Tax Cuts — As debates about deficit reduction continued to be heavily tilted toward cutting spending, which threatens to undermine a fragile recovery, rather than raising revenue from those who can afford it …
Discussion:
Shakesville and Daily Kos
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The People Want Balance! — It's crunch time — way past crunch time …
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Washington Post, Free exchange and Don Surber

Why I foam-pied Rupert Murdoch | Jonnie Marbles — Some people might think my action played into Murdoch's hands, but I did it for all the people who couldn't — First things first: I don't hate octogenarians. I don't have a vendetta against anyone over 80 who likes to begrudgingly give evidence to parliamentary committees.
Discussion:
David Allen Green, blogs.telegraph.co.uk, The Daily Caller, Marbury and New York Magazine

NOM Rabbi Blames Gay Marriage For 8 Year Old's Murder — The National Organization for Marriage (NOM) recently invited Rabbi Yehuda Levin to join them at a rally protesting New York's same sex marriage bill, despite Levin's long history of offensive comments.
Discussion:
Good As You, Alan Colmes' Liberaland, Towleroad News #gay and Joe. My. God.


Pawlenty campaign keeps lowering expectations — Tim Pawlenty's spokesman, Alex Conant, tells Katrino Trinko: … This is the latest from the campaign in trying to create the impression that a 3rd or 4th place finish in the straw poll would constitute a victory. — Campaign manager, Nick Ayers, wrote his staff last week:
Discussion:
AMERICAblog Elections, Daily Kos and The Washington Independent
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Christie on the decline — Chris Christie's popularity has declined significantly over the first half of 2011 and he would have a very difficult time winning reelection if voters in New Jersey went to the polls today. — Only 43% of voters in the state approve of the job Christie is doing to 53% who disapprove.
Discussion:
Taegan Goddard's …, Alan Colmes' Liberaland, The Politico, No More Mister Nice Blog, GOP 12 and The Daily Caller

Rep. Allen West calls DNC chair ‘vile ... despicable’ - Tracy Schmaler promoted at Justice - What Chris Christie told the tycoons - GOP losing perception war - Jamal Simmons, Ed Henry are 40 — THE NARRATIVE — Jake Tapper, on “Good Morning America,” re new WP-ABC: “Horrible numbers for President Obama …
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Washington Post and Hullabaloo

State Dept. contract officer steers $52 million to secret husband, daughter — A special investigation by The Daily Caller has discovered that a State Department contract specialist participated in awarding more than $52 million in taxpayer-funded contracts to a company owned and operated by her husband and daughter.
Discussion:
National Review, Hot Air and International Liberty


Former Senator Judd Gregg Says Shutdown Needed Before House Will Agree To Debt Limit Deal — Former Senator Judd Gregg (R-NH) says Social Security checks will need to be halted before House Republicans will agree to a deal to raise the debt limit. — A deficit hawk and former Chairman …
Discussion:
Clusterstock and Outside the Beltway

Is Grassley Hinting That Maggie Gallagher Was Too Scared To Testify Against DOMA? — During his opening statement at the Senate Judiciary Committee's hearing on repealing the 1996 Defense of Marriage Act, Sen. Chuck Grassley (R-IA) vehemently defended the discriminatory law and reiterated …
Discussion:
Joe. My. God. and Towleroad News #gay


Romney as Job Creator Clashes with Bain Record of Job Cuts — Republican presidential candidate Mitt Romney's campaign misses few opportunities to promote his record creating jobs, including his role in taking Staples Inc. (SPLS) from a start-up to the world's largest office-supply retailer.
Discussion:
Politics

Interactive Map: No Debt Limit Increase Means Big Cuts to State Services — On August 2, if Congress fails to raise the debt limit, the United States will have its credit rating downgraded, interest rates will likely rise dramatically, and the federal government will be forced …
Discussion:
TPMDC and ThinkProgress


GOP Rep. Walsh Yells At Chris Matthews: 'Obama Doesn't Send A Thrill Up My Leg' — Add today's debate between Chris Matthews and Republican Congressman Joe Walsh to the Hardball hall of fame for the most exciting and in-your-face political discussions ever recorded.
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Breitbart.tv and The Gateway Pundit

Report: Obama top recipient of News Corp. donations — Political donations by News Corp., its employees and their families were evenly split between Democrats and Republicans, with President Obama the all-time leading recipient, according to a report from the Sunlight Foundation.