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12:20 PM ET, July 30, 2011

memeorandum

 Top Items: 
The Hill:
The Senate's turn: Reid alters debt plan to attract GOP support  —  Senate Majority Leader Harry Reid (D-Nev.) has revised his plan to raise the debt limit in a last-ditch bid to attract Republican support.  —  The biggest change is that Reid would give the president almost unilateral power …
RELATED:
Jamie Klatell / The Hill:
Kyl: Dems using debt debate for ‘much broader tax increases’  —  Republicans have tried to work with Democrats to solve the debt crisis, but “behind the scenes” Democrats insisted on hug tax increases, Sen. Jon Kyl (R-Ariz) said Saturday.  —  “Unfortunately, after weeks of negotiations …
Alexander Bolton / The Hill:
Intense talks under way between Senate Dems, GOP on debt deal
John Hinderaker / Power Line:
Over to You, Harry  —  Thankfully, the House passed Boehner 3 tonight, 218-210.
Discussion: Viking Pundit and The Hill
Manu Raju / The Politico:
Scott Brown may support Reid plan
Mj Lee / The Politico:
Obama demands plan by Tuesday  —  Just days ahead of the Aug. 2 debt ceiling deadline and as partisan rankling continued on Capitol Hill, President Barack Obama urged Congress to show him a plan that would divert the country from national default by Tuesday.
RELATED:
The White House:
WEEKLY ADDRESS: Acting Responsibly on Behalf of the American People  —  WASHINGTON—In this week's address, President Obama urged both Republicans and Democrats to take action to avoid defaulting for the first time in our nation's history.  While the two parties are not far apart in their goals …
Gautham Nagesh / The Hill:
Obama: House Republicans wasted ‘precious days’ with Boehner plan  —  President Obama used his his weekly address to call out House Republicans for holding up the process of getting “our fiscal house in order.”  —  “Republicans in the House of Representatives just spent precious days trying …
Discussion: The Hill
The Politico:
The no votes: 22 GOPers who balked Boehner  —  Speaker John Boehner pushed his debt-ceiling bill through the House Friday night with the support of 218 Republicans.  Here are the 22 no votes: Mick Mulvaney (S.C.)  —  CORRECTED: Rep. Tom Price (R-Ga.) voted YES on the Boehner bill.
RELATED:
Pete Kasperowicz / The Hill:
Boehner: ‘I stuck my neck out a mile’ for debt-ceiling deal with White House
CNN:
Huntsman makes his pitch to college students
Paul Krugman:
The Corrosion of the Conservative Economic Mind  —  First Michael Boskin, now John Taylor: there seems be an epidemic of politically conservative economists who used to be technically competent repeating the obviously wrong falsehood that Reagan ushered in an era of “unprecedented” growth.
Victor Davis Hanson / National Review:
Behind the D.C. Slugfest  —  About 50 percent of taxpayers don't pay federal income taxes.  Almost half of American adults receive either the majority of or all of their income in some form from government.  They are naturally desirous of even more entitlements, in the sense that even higher taxes …
Discussion: Pundit & Pundette
Anjali Mullany / NY Daily News:
President Barack Obama takes debt battle to Twitter, loses more than 40,000 followers in one day  —  President Obama brought his debt battle to Twitter and he lost - more than 40,000 Twitter followers.  —  Obama asked Americans Friday to call, email, and tweet Congressional leaders to …
RELATED:
Noel Sheppard / NewsBusters.org:
Charles Krauthammer Scolds Margaret Carlson for Saying Tea Party ‘Strapped Explosives to the Capitol’  —  Bloomberg's Margaret Carlson on Friday accused the Tea Party of wanting “to burn the place down” and having figuratively “strapped explosives to the Capitol” during debt ceiling negotiations.
Discussion: Don Surber and The Gateway Pundit
Steven Hayward / Power Line:
After the Crash?  Or Before the Deluge?  —  I'm anchored for the day in calm waters off the southern Irish coast near Waterford, so the smoke-signal Internet system is working a little bit.  The debt ceiling controversy is on people's minds even over here, too.
Dan Amira / New York Magazine:
Bill Maher on the Controversial Ground Zero Cross: Remember Norway?  —  A cross of steel beams that remained among the rubble of the World Trade Center after the 9/11 attacks, and which became a beacon of hope for Christian rescue workers and mourners, has now become a symbol of controversy …
Paul Krugman:
The Truth About Federal Spending  —  Whenever someone like me or Bruce Bartlett points out how little Obama resembles the right's portrait of a raging leftist, someone is sure to come back with the assertion that Obama has presided over a vast expansion of federal spending.
 
 
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 More Items: 
esa.doc.gov:
Economic Indicators: 2011 Q2 GDP and Annual Revisions
Discussion: ThinkProgress
Neel Kashkari / Washington Post:
Could a U.S. debt downgrade trigger a financial crisis?
Discussion: Politics
Molly Ball / The Politico:
Jesse Jackson: Obama should have been tougher
Discussion: Weasel Zippers
Anthony Shadid / New York Times:
Islamists Flood Square in Cairo in Show of Strength
Robinson / nation.foxnews.com:
New York Times Downplays Muslim Fort Hood Terror Plotter
Little Green Footballs:
Pamela Geller Edits Post to Conceal Violent Rhetoric in ‘Email from Norway’
Discussion: American Power
 Earlier Items: 
CNN:
Washington, listen to your elders
Discussion: CRFB.org and Global Public Square
Larry O'Connor / Breitbart.tv:
Rep. Paul Ryan Destroys Reid Bill in Blistering Speech; 'Let's Cover the Moon with Yogurt!'
Discussion: Hot Air and Mediaite
Mike Lillis / The Hill:
Pelosi declines to endorse the 14th Amendment solution
Discussion: The Politico
Alexander Burns / The Politico:
Laura Ingraham pushes back on Sarah Palin primary threat
Discussion: Hot Air and GOP 12
Matt Lewis / The Daily Caller:
According to official letters obtained by The Daily Caller …
David Kurtz / Talking Points Memo:
Practically Delusional  —  Just minutes after President Obama urged …
Discussion: Crooks and Liars and Paul Krugman
 

 
From Techmeme:

Kent Walker / The Keyword:
Google says the US DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers and jeopardize US' global tech leadership

Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates

Paige Smith / Bloomberg:
CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating companies with 50M+ annual transactions as banks

 
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