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2:00 PM ET, July 29, 2011

memeorandum

 Top Items: 
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.
RELATED:
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.
Ezra Klein / Washington Post:
Wonkbook: Boehner failed.  Now what?  —  Speaker of the House John Boehner (R-Ohio) speaks during a news conference on Capitol Hill July 28.  (JOSHUA ROBERTS - REUTERS) The lengths John Boehner went to ensure his bill failed in the Senate rather than the House were impressive, but ultimately, insufficient.
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.
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.
Charles Krauthammer / Washington Post:
The great 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 vs. limited-government …
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 …
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: Weasel Zippers and Pirate's Cove
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.
Erick Erickson / RedState:
The Worst Negotiators  —  I cannot decide who the worst negotiators are, Republican leaders or House conservatives.  —  John Boehner's plan couldn't get the votes last night so Boehner had to agree to add language conditioning a vote on a balanced budget amendment — an amendment House Republicans …
Washington Post:
Obama urges Senate to forge compromise on debt limit, rejects House efforts  —  President Obama, warning that time is running out to lift the federal debt ceiling, said Friday that a House GOP plan has “no chance of becoming law,” and he urged Senate Democrats and Republicans to come together on a “bipartisan compromise.”
Reuters:
With House debt ceiling bill stalled, Harry Reid makes his move  —  With House action stalled, Senate Majority Leader Harry Reid announced Friday he'd take the lead and move his bill to raise the national debt limit and avert an economy-shaking default next week.
Discussion: Hot Air
William Kristol / Weekly Standard:
What Boehner Should Do Now  —  Last night, Speaker Boehner toyed …
Discussion: ThinkProgress
First Read / msnbc.com:
First Thoughts: A game of leverage
David Rogers / The Politico:
They're not that far apart  —  As bad as Washington looks …
Discussion: Reuters and Swampland
New York Times:
Obama Calls for Debt Deal as the House Nears a Vote
Discussion: Guardian and Los Angeles Times
Frank Newport / Gallup:
Obama Rates Higher Than Boehner, Reid on Debt Situation
Discussion: CNN, Daily Kos and Politics
Washington Post:
Debt ceiling deadlock: What will Mitch McConnell do?
The Note:
The Note: Down The Rabbit Hole: Where Does Congress Go From Here?
Discussion: CNN, Roll Call and The Daily Beast
Fox News:
Lord of the Zings: Tea Partiers Slam McCain Over ‘Hobbit’ Reference
Alexander Bolton / The Hill:
Conservatives angry over Pell Grant funding in Boehner debt bill
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 …
Catherine Rampell / New York Times:
Recovery Still Slow as New Data Show Little Growth
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 …
RELATED:
Philip Elmer-DeWitt / Fortune:
The U.S. Treasury has less cash on hand than Apple Inc.
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.
RELATED:
Darren Samuelsohn / The Politico:
Fuel economy deal a template for debt talks, Obama says
Discussion: CNN
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
RELATED:
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.
 
 
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 More Items: 
Eli Lake / The New Republic:
All Over the Map  —  The Republican foreign policy consensus has collapsed.
Discussion: Hit & Run
Derek Thompson / The Atlantic Online:
No Growth, No Jobs, and No Help From Washington
Steve Clemons / The Atlantic Online:
The Upside of Default  —  When the sub-prime loan crisis triggered …
Virginia Heffernan / Opinionator:
When Shilling on the Web, Think Small
Reuters:
MARKETS  — Business - Markets - World - Politics …
Investor's Business Daily:
ATF: The White House Knew
Monica Potts / American Prospect:
Big Mess  —  A lawsuit against a Utah polygamy law is a nightmare …
Discussion: ThinkProgress
 Earlier Items: 
Kathy Kiely / NationalJournal.com:
Culture Clash  —  Sen. Jim DeMint wants to change the way …
Discussion: RedState
Walter Olson / NY Daily News:
McDonald's Happy Meal move, Campbell's soup choice show absurdity of some government intervention
 

 
From Mediagazer:

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK

Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV

 
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