memeorandum: Dems, GOP Float Eye-Popping Debt Limit Compromise (Brian Beutler/TPMDC)

1:10 PM ET, July 31, 2011

Top Items:

Congressional Sources: Republicans and Democrats Reach Tentative Debt Deal — ABC News' Jonathan Karl (@JonKarl) reports: — Democratic and Republican Congressional sources involved in the negotiations tell ABC News that a tentative agreement has been reached on the framework of a deal …

Major Garrett / NationalJournal.com:

Outlines of Debt Compromise Emerge — An announcement could come as early as Sunday afternoon. — Here are the outlines of a debt-ceiling deal that congressional leaders and the Obama White House are firming up in preparation for a possible announcement as early as Sunday afternoon.

Discussion: Don Surber, TPMDC, Taylor Marsh, Maggie's Notebook, Hot Air, Hullabaloo, Betsy's Page, Outside the Beltway, Patterico's Pontifications, Sky Dancing, The Atlantic Online, Viking Pundit and Weekly Standard

Brian Beutler / TPMDC:

Dems, GOP Float Eye-Popping Debt Limit Compromise — Very late on Saturday, multiple reports sketched out the framework of a debt limit compromise President Obama has struck with Senate Minority Leader Mitch McConnell (R-KY). — As noted here, the issue under contention was the design of a so-called …

Discussion: The Moderate Voice, The Note, Hullabaloo and The Daily Caller

The Note:

Caution on Capitol Hill: ‘Nothing Is Agreed to Until Everything Is Agreed to’ — ABC News' Jonathan Karl reports: — There is caution on Capitol Hill about a tentative deal being reached. — As the mantra here goes, “nothing is agreed to until everything is agreed to.”

Discussion: Le·gal In·sur·rec· tion, Mediaite and Hot Air

Jennifer Rubin / Washington Post:

A deal comes together — Two senior Republican offices have confirmed that while the outlines of a debt-ceiling deal are in place, no “paper” has been exchanged. The agreement would take the country through the 2012 election, but the Boehner bill two-step cutting process would remain.

Discussion: Alan Colmes' Liberaland and Pundit & Pundette

Ezra Klein / Washington Post:

Democrats will lose now. But they can win later. — Democrats are going to lose this one. The first stage of the emerging deal doesn't include revenue, doesn't include stimulus, and lets Republicans pocket a trillion dollars or more in cuts without offering anything to Democrats in return.

Discussion: emptywheel and DISSENTING JUSTICE

The Caucus:
McConnell Sees Deal “Very Close”; Focus Is on Triggers for Cuts

Discussion: Daily Kos

Dan / Riehl World View: Jennifer Rubin Is An A**hole

Heidi Przybyla / Bloomberg:
White House, Republicans Said to Reach Tentative Deal on U.S. Debt Ceiling

Discussion: CBS News, Washington Monthly, Washington Post, American Power, NationalJournal.com and The Agonist

Carl Hulse / New York Times:
Amid New Talks, Some Optimism on Debt Crisis

Discussion: Firedoglake, Politics, Prairie Weather, Washington Post, TalkLeft, AMERICAblog News and Calculated Risk

Brian Beutler / TPMDC:
BREAKING: Dems Delay Debt Limit Test Vote

Discussion: Open Congress, Salon, Washington Post, Washington Monthly, New York Times and Booman Tribune

Michelle Malkin:
Saturday night Kabuki bickerfest; Update: Sunday Senate Vote Pushed Back to 1pm; Backroom deal details emerge

Discussion: The Politico, USA Today, PoliPundit.com, The Hill, theblogprof, The Other McCain, Firedoglake and AmSpecBlog

CNN:
Democrats, Republicans disagree on state of debt talks

Discussion: The Politico, CANNONFIRE, Sky Dancing and Pajamas Media

Stanley B. Greenberg / New York Times:

Why Voters Tune Out Democrats — Stanley B. Greenberg is the chief executive of Greenberg Quinlan Rosner, a polling company that works with center-left political parties in the United States and abroad. — BARACK OBAMA can't catch a break from the American public on the economy …

Discussion: Alan Colmes' Liberaland, Daily Kos and Suburban Guerrilla

Matthew Yglesias / ThinkProgress:

Compromise In The Works — The rumored deals flying around Washington today all sound pretty bad. And how could they not be? The White House started with a position that: … But (1) and (3) were in significant tension. The White House strategy for getting (3) was to persuade the public that (3) was the correct position.

Discussion: Washington Post and Grasping Reality …

Washington Wire:
Live Blog: The U.S. Debt Battle

Discussion: Calculated Risk and Wall Street Journal

Maureen Dowd / New York Times:

Tempest in a Tea Party — SO I was chatting with Chris Coons, the new Democratic senator from Delaware who had a rare win over the Tea Party when he beat loony Christine “I've Dabbled in Witchcraft but I Am Not a Witch” O'Donnell in the midterms. — Coons is a smart guy who's alarmed …

Discussion: Reuters, The Greenroom, Weasel Zippers and Althouse

Pete Kasperowicz / The Hill:
Rep. McCotter calls for a truce between Republicans, Tea Party

Discussion: Riehl World View, Outside the Beltway and sisu

Jackie Calmes / New York Times:

Rightward Tilt Leaves Obama With Party Rift — WASHINGTON — However the debt limit showdown ends, one thing is clear: under pressure from Congressional Republicans, President Obama has moved rightward on budget policy, deepening a rift within his party heading into the next election.

Discussion: The Note, Corrente, CNN and The Agonist

Thomas L. Friedman / New York Times:

Bring Back Poppy — WATCHING today's Republicans being led around by an extremist Tea Party faction, with no adult supervision, I find my mind drifting back to the late 1980s when I was assigned to cover the administration of George H.W. Bush, who I believe is one of our most underrated presidents.

Discussion: The Moderate Voice, Weasel Zippers and NewsBusters.org

CNN:

Iran state media: Man spared punishment of blinding by acid — Tehran, Iran (CNN) — A man convicted of blinding a woman in an acid attack was spared an eye-for-an-eye punishment Sunday, minutes before the sentence was to be carried out, Iranian state media reported.

Discussion: Weasel Zippers

Kevin G. Hall / McClatchy Washington Bureau:

Economists: Now is wrong time for Congress to cut spending — WASHINGTON — Lawmakers trying to reach a deal on spending cuts in order to raise the nation's debt ceiling risk causing serious economic harm if they cut government programs too much in the near term, economists warn.

Discussion: Liberty Street, Prairie Weather, The Moderate Voice and Firedoglake