Top Items:
Jeffrey M. Jones / Gallup:
Obama Approval Drops to New Low of 40% — Similar to his approval rating for handling the debt ceiling negotiations — PRINCETON, NJ — President Obama's job approval rating is at a new low, averaging 40% in July 26-28 Gallup Daily tracking. His prior low rating of 41% occurred several times, the last of which was in April.
Discussion:
The Politico, The Hill, JammieWearingFool, Top of the Ticket, The Daily Caller, TPMDC, Don Surber, Taegan Goddard's …, Pajamas Media and HotAirPundit
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Jennifer Rubin / Washington Post:
Why no vote tonight — A House aide just e-mailed me: “Buckets of crazy.” That's as good an explanation as any as to why Speaker of the House John Boehner (R-Ohio) won't be able to hold a vote tonight on his debt-ceiling bill. The burn-the-building-down set is weakening, but the speaker is still short on votes.
The Politico:
Boehner builds momentum — House Republican leaders will tie a balanced-budget amendment to the Constitution to their two-step debt-ceiling bill — a move that is all but certain to clinch the necessary votes to pass Speaker John Boehner's proposal a day after it stalled.
Charles Krauthammer / National Review:
The Debt-Ceiling Divide — We're in the midst of a great four-year national debate on the size and reach of government, the future of the welfare state, indeed, the nature of the social contract between citizen and state. The distinctive visions of the two parties — social-democratic …
Discussion:
Outside the Beltway
Douglas Holtz-Eakin / National Review:
Snatching Defeat from the Jaws of Victory — Hard to believe what I'm reading, hearing, and watching. It's a concerted, bipartisan effort to snatch defeat when victory is in sight. — Let's start with the House Democrats, who are content to make a political statement and sit on their hands.
Discussion:
theblogprof, The New Republic, Politics and Hot Air
The Hill:
Support shifts as Boehner adds balanced-budget amendment — House Republicans will attach a balanced-budget amendment to Speaker John Boehner's (R-Ohio) last-ditch debt-ceiling plan, which GOP lawmakers said would move the measure to passage in a high-stakes vote later on Friday.
Discussion:
Outside the Beltway, AmSpecBlog and Taegan Goddard's …
Bob Cusack / The Hill:
GOP leader: ‘I believe there will be a vote today’ on House debt ceiling plan — House GOP leaders expressed confidence Friday morning that they would move a vote on raising the debt ceiling one day after they had to pull their Speaker's measure from a planned House floor vote.
Discussion:
CNN, The Politico, Outside the Beltway and The Gateway Pundit
William Kristol / Weekly Standard:
What Boehner Should Do Now — Last night, Speaker Boehner toyed with adding a gimmicky balanced budget amendment provision to the Republican budget bill in order to try to get the final handful of votes he needs for passage. He thought better of this last night, and didn't do so.
Discussion:
ThinkProgress
National / NationalJournal.com:
DOCUMENT: Latest Version of House Speaker Boehner's Debt Plan — This is the latest version of the Boehner bill and reflects changes made after GOP leaders failed to assemble the necessary votes to pass it Thursday. This bill is the current legislative vehicle and may come to the House floor later Friday.
Discussion:
Hot Air, National Review, Pajamas Media and Politics
The Note:
Boehner gets standing ovation from Senate Rs
Discussion:
The Politico and The Daily Caller
Washington Post:
Obama urges Senate to forge compromise on debt limit, rejects House efforts
Discussion:
Washington Monthly and Questions and Observations
Reuters:
With House debt ceiling bill stalled, Harry Reid makes his move
Discussion:
Maggie's Notebook and Hot Air
Alexander Bolton / The Hill:
Sen. Reid says he's moving ‘the last train’ to raise the debt ceiling
Discussion:
Washington Monthly, The Caucus and Roll Call
New York Times:
Obama Calls for Debt Deal as the House Nears a Vote
Discussion:
Guardian and Los Angeles Times
Alicia M. Cohn / The Hill:
Tea Party groups target ‘defectors’ on debt vote — Several Tea Party organizations are working to punish conservative Republicans who plan to vote yes on Speaker John Boehner's (R-Ohio) debt ceiling proposal. — Tea Party leaders announced Thursday they are targeting Republican Reps. James Lankford …
Discussion:
CNN, Salon, ThinkProgress, The Hill, Indecision Forever, The Right Scoop and National Review
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William Yeomans / The Politico:
The tea party's terrorist tactics — It has become commonplace to call the tea party faction in the House “hostage takers.” But they have now become full-blown terrorists. — They have joined the villains of American history who have been sufficiently craven to inflict massive harm …
Discussion:
And So it Goes in Shreveport, Weasel Zippers and Pirate's Cove
Jennifer Steinhauer / New York Times:
G.O.P. Fervor Cuts 2 Ways for Boehner
Discussion:
The Politico
Lucia Mutikani / Reuters:
Weak growth raises concerns on economy — (Reuters) - The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose. — The Commerce Department data on Friday also showed …
RELATED:
U.S. Bureau of Economic Analysis:
National Income and Product Accounts — Gross Domestic Product: Second Quarter 2011 (Advance Estimate) — Revised Estimates: 2003 through First Quarter 2011 — Real gross domestic product — the output of goods and services produced by labor and property located in the United States …
Free exchange:
Distress signal — IN 2007, the great ship of the American economy began encountering darkening skies. In 2008, it was suddenly faced with a violent storm which blew it miles off course, well south of where it ought to have been. The country's leaders didn't know how far from their charted path …
Discussion:
AMERICAN FUTURE
Catherine Rampell / New York Times:
Recovery Still Slow as New Data Show Little Growth
Discussion:
CNBC, The New Republic, Bloomberg, The Confluence, Outside the Beltway, The Page and The Agonist
Dana Milbank / Washington Post:
John Boehner's no-confidence vote — “Get your ass in line,” Speaker John Boehner had told House Republicans who resisted his plan to raise the debt ceiling and avoid a default — But really, it was Boehner's butt that was on the line - and late Thursday night, he had it handed to him.
Discussion:
Firedoglake
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Megan McArdle / The Atlantic Online:
Even Good Government Has Unintended Consequences — There have been a lot of brickbats thrown at Boehner for the difficulty he's having whipping his members to vote for a bill that can't even pass the senate. This morning, blogger Economics of Contempt tweeted “If Tom DeLay had suffered …
Discussion:
The Politico and AMERICAblog News
First Read / msnbc.com:
First Thoughts: A game of leverage
Discussion:
ThinkProgress and Washington Post
Paul Krugman / New York Times:
The Centrist Cop-Out — The facts of the crisis over the debt ceiling aren't complicated. Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would never have been able to enact through legislation.
Financial Post:
U.S. balance now less than Apple cash — Steve Jobs is now more liquid than Uncle Sam. — While it's highly unlikely that President Barack Obama is looking to ask the founder and chief executive of Apple Inc. for a loan, it became a fact as of Thursday afternoon — the world's largest technology company …
Discussion:
ThinkProgress, Mediaite, The Next Web, The Atlantic Online and The Daily Caller, more at Techmeme »
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Philip Elmer-DeWitt / Fortune:
The U.S. Treasury has less cash on hand than Apple Inc.
Discussion:
CNN and Pajamas Media, more at Techmeme »
Andrew Harmon / Advocate:
Pelosi to Bachmann: Address the Teen Suicides in Your District — Republican presidential candidate Rep. Michele Bachmann's failure to address a disturbing trend of teen suicides within her own congressional district does not reflect well on her White House ambitions, House Minority Leader Nancy Pelosi told The Advocate Thursday.
Discussion:
KSTP-TV, ThinkProgress, Ben Smith's Blog and Towleroad News #gay
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Darren Samuelsohn / The Politico:
Fuel economy deal a template for debt talks, Obama says
Discussion:
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