Wonkbook: Republicans have won.  But can they stop there?  —  (YURI GRIPAS - REUTERS) We don't yet know what the final deal to raise the debt ceiling will be.  But now that Harry Reid is developing a proposal with $2.7 trillion in cuts and nothing in revenues, it's a safe bet that it won't include any tax increases.

Killings in Norway Spotlight Anti-Muslim Thought in U.S.  —  The suspect behind the attacks in Norway said he believed multiculturalism to be a threat.  Here, mourners at Oslo Cathedral.  More Photos »  —  The man accused of the killing spree in Norway was deeply influenced …

Harry Reid Calls House Republicans' Bluff  —  Something you often see in negotiations is a mismatch between one side's stated sticking points and its real sticking points.  In the debate over the debt ceiling, for example, Republicans have sought to portray themselves as having two bottom lines.

The Hill Poll: Most voters see media as biased and unethical  —  Likely voters hold a dismal view of the news media, generally regarding reporters as biased, unethical and too close to the politicians they purport to cover, according to a new poll for The Hill.

Rep. Mike Ross the Latest Blue Dog Dem to Not Seek Reelection  —  Rep. Mike Ross, D-Ark., will not seek reelection in 2012, according to a senior source. … Rep. Mike Ross, D-Ark., will not seek reelection in 2012, according to a senior source, becoming the fourth moderate Blue Dog Democrat …

Palin doc headed for PPV as ticket sales plummet  —  LOS ANGELES (TheWrap) - With its Sarah Palin documentary “The Undefeated” increasing its playdates by 40 percent this weekend, only to watch box office revenue decline by more than 63 percent, distributor Arc Entertainment announced Sunday …

Politics of a downgrade  —  A bond trader forwards on a note from Bank of America analysts today, anticipating a short term debt deal, likely followed at some point by a downgrade of America's bond rating from AAA to AA:  —  We expect the US credit rating to remain on negative outlook …

Obama administration's charm offensive fails to win over business groups  —  The Obama administration's push to mend its relationship with business has gone cold only six months into the effort.  —  Complaints abound about the regulations pouring out of federal agencies to implement …

The Secret-Keeper  —  On the eve of her 101st birthday, reclusive philanthropist Bunny Mellon, the wealthy zelig who cavorted with Kennedys and stood by John Edwards, talks exclusively to Meryl Gordon about life with Paul, her famous friends, and the secrets buried in her gardens.

White House stokes debt-ceiling crisis  —  A Republican aide e-mails me: “The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan.  A short-term increase (with cuts greater than the increase), combined with a committee to find long-term savings …

Donald Trump mocks ‘tough guy’ Tim Pawlenty  —  Donald Trump, still playing the role of 2012 provocateur from his perch on “Fox and Friends,” gave voice today to the nagging doubts among some Republicans about whether Tim Pawlenty has the grit to fight and win a presidential campaign.

Wu won't resign; Pelosi seeks probe  —  Embattled Rep. David Wu will not seek reelection in 2012, but he won't resign from office now despite allegations that the Oregon Democrat had an “unwanted sexual encounter” with the teenage daughter of a close friend last Thanksgiving.

Rick Perry Eyes Late August Campaign Launch  —  Texas Gov. Rick Perry is all but certain to launch a presidential campaign and is nearing an announcement set for the second half of August, according to sources familiar with his political team's planning.  —  For months, Republican activists …

Washington is drowning America  —  When I moved from Britain in 2005 to live and work in the US, I was a born-again admirer of the American people, the American project and the American system of government.  I had no patience with the view that the country was entering its twilight years.

Messing With Medicare  —  At the time of writing, President Obama's hoped-for “Grand Bargain” with Republicans is apparently dead.  And I say good riddance.  I'm no more eager than other rational people (a category that fails to include many Congressional Republicans) to see what happens if the debt limit isn't raised.