Durbin: Debt Deal Will Be The Death Of Keynesian Economics … WASHINGTON — The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majority Whip Dick Durbin (D-Ill.) said in a floor speech on Sunday.

Reid signs off on bipartisan debt deal but Boehner holds out  —  Senate Majority Leader Harry Reid (D-Nev.) has signed off on a tentative bipartisan deal forged between President Obama and GOP leaders to raise the debt limit.  —  But the emerging deal may be imperiled by last-minute reluctance …

Senate conservatives say they don't plan to delay consideration of debt-limit deal  —  Senate Republican conservatives say they do not plan to delay a bipartisan deal to raise the debt ceiling, giving Congress a chance to make the Aug. 2 deadline set by President Obama.

Griping begins as debt deal specifics emerge  —  Members of Congress from both parties fear their leaders may have conceded too much ground in an emerging deal to raise the debt ceiling, a sign of how difficult it'll be for a sweeping plan to be signed into law before the government begins to default on its debt later this week.

The Note — Special ‘Countdown To Crisis’ Sunday Night Edition — Done Deal?  —  By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter)  —  Are we closer to a debt-limit deal than we were this morning?  Yes — much closer.  —  Is it a done deal?  Not quite.

Negotiating All But Done for $2.7 Trillion Deficit Reduction Deal ... Now Comes the Selling  —  Sources from both parties tell ABC News that the major potential roadblock in deficit negotiations— the triggers — are now essentially agreed upon.  The plan is for the House to vote on this tomorrow, assuming all goes according to plan.

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.