Top Items:
Paul Krugman / New York Times:
The President Surrenders — A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong. — For the deal itself, given the available information, is a disaster, and not just for President Obama and his party.
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Chris Cillizza / Washington Post:
The debt-ceiling deal: Winners and losers — The debt ceiling fight is over. The White House and congressional leaders have settled on a deal to raise the nation's debt ceiling, enact immediate spending cuts and, our favorite part, create a super-commission designed to trim the federal budget further by the end of the year.
Discussion:
The Politico, Left Coast Rebel, Hot Air, Daily Kos, Pirate's Cove, Outside the Beltway, Mediaite, Bearing Drift and The Moderate Voice
Peter Wallstenand David Nakamura / Washington Post:
Did Obama capitulate — or is this a cagey move? — It was President Obama's bottom line, a position he repeated in every recent public utterance on his debt-ceiling talks with Congress: Any deal must be “balanced” with spending cuts and tax increases. — But in his eleventh-hour stare …
Discussion:
No More Mister Nice Blog, FrumForum and The Daily Dish
New York Times:
To Escape Chaos, a Terrible Deal — There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all. The deal would avert a catastrophic government default, immediately and probably through the end of 2012.
Discussion:
The Politico, New York Times, USA Today, The Hill, Guardian, Hullabaloo, Marbury, Washington Post, Weasel Zippers, American Power, Truthdig and Suburban Guerrilla
Wall Street Journal:
A Tea Party Triumph — The debt deal is a rare bipartisan victory for the forces of smaller government. — If a good political compromise is one that has something for everyone to hate, then last night's bipartisan debt-ceiling deal is a triumph. The bargain is nonetheless better …
Discussion:
Althouse, American Power and The Future of Capitalism
Steven T. Dennis / Roll Call:
Debt Deal Emerging With Rightward Tilt — President Barack Obama's rightward lurch to reach a $3 trillion deficit reduction deal with no guarantee of additional revenues had liberals fuming and Republicans all but declaring victory Sunday afternoon. — With time running out to reach …
Discussion:
Pajamas Media, Firedoglake, The Gateway Pundit, Daily Kos and Hot Air
Washington Post:
White House, congressional leaders reach debt-limit deal — President Obama and congressional leaders Sunday night sealed a deal to raise the federal debt limit that includes sharp spending cuts but no new taxes, breaking a partisan impasse that has driven the nation to the brink of a government default.
Discussion:
Washington Monthly, The Reid Report and Tim Blair
New York Post:
Floundering Obama aims for '12 miracle — Then there was one. With the Senate's tabling of Majority Leader Harry Reid's debt-reduction deal yesterday afternoon, the only game in Washington is a nearly $3 trillion, two-stage compromise plan worked out between the White House and congressional Republicans.
Discussion:
National Review
Marc A. Thiessen / Washington Post:
How the Tea Party ‘hobbits’ won the debt fight
Discussion:
The Politico, JustOneMinute and CNN
Alexander Bolton / The Hill:
Reid, McConnell endorse deal, will present to rank-and-file Monday
Discussion:
The Politico and Wonkette
Brian Beutler / TPMDC:
IT'S A DEAL! Obama, Congressional Leaders Announce Deal To Avoid Default
Discussion:
Crooks and Liars
Michael Barone / Washington Examiner:
GOP wins when the fight is over cuts not more taxes
Discussion:
Washington Post, GayPatriot, The Gateway Pundit, THE ASTUTE BLOGGERS and Scared Monkeys
Wall Street Journal:
Compromise Debt Deal in Sight
Discussion:
MarketBeat, The Raw Story and Washington Wire
Andrew Stiles / National Review:
Reid's In, Pelosi Hesitant, GOP Looking for Votes
Discussion:
The Hill, Weasel Zippers, Washington Post and Daily Kos
Elise Foley / The Huffington Post:
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.
Discussion:
CNNMoney.com, theblogprof, The Other McCain, Connecting.the.Dots, Taylor Marsh, Firedoglake, Scared Monkeys, Verum Serum and Crooks and Liars
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Brian Beutler / TPMDC:
Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On — Senate Majority Leader Harry Reid (D-NV) has signed off on a deal to raise the debt limit pending the approval of his caucus — and of course if can win the backing of Senate GOP leaders and then a majority of the House.
Discussion:
The Atlantic Wire, The Reaction, Sky Dancing, Hullabaloo, AMERICAblog News, Booman Tribune, Washington Monthly, The Caucus, The Raw Story, Daily Kos, Whiskey Fire, Gawker, MyDD and Fox News
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory — By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.
Discussion:
Pajamas Media, The POH Diaries, Sky Dancing, Truthdig, Swampland, Politics, The TrogloPundit, DISSENTING JUSTICE, The Other McCain, Daily Kos and The New Republic
New York Times:
From Spending to Cuts, While the Economy Stalls — WASHINGTON — The nation's political leaders agreed on Sunday to spend and invest less money in the American economy, a step that economists said risks the reversal of a faltering recovery, in the hope of improving the nation's long-term prosperity.
Discussion:
The Atlantic Online, The Caucus and Daily Kos
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Imtiyaz Delawala / ABCNEWS:
PIMCO CEO Mohamed El-Erian: Budget Deal Will Only Bring Short-Term Relief
Ezra Klein / Washington Post:
A deal that found the lowest-common denominator — (Alex Wong - VIA BLOOMBERG) Assuming no hiccups in the House — and that might be a big assumption — we've got a deal. The deficit-reduction side includes $1 trillion in cuts now, $1.5 trillion (or more) in deficit reduction later, and a vote on a balanced budget amendment.
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Rachelle Younglai / Reuters:
House Democrats might not back debt deal: Pelosi — (Reuters) - Democrats in the House of Representatives might decide not to support a last-minute deal to raise the debt ceiling when they meet on Monday, House Democratic Leader Nancy Pelosi said on Sunday.
Discussion:
Washington Post and AMERICAblog News
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Pamela Geller / Atlas Shrugs:
Summer Camp? Antisemitic Indoctrination Training Center … The day of the Norway shooting, I was blindsided by one of the survivor's statements to the press immediately after the shooting (see above). It was so outside the box, I thought it was the kneejerk response of an anti-semite in shock.
Discussion:
Jesus' General, Little Green Footballs and Maggie's Notebook
Jim McElhatton / Washington Times:
Biden charging Secret Service for cottage rental — The U.S. Secret Service does more than protect Vice President Joseph R. Biden Jr. — the agency also pays him rent. — Since April, Mr. Biden has collected more than $13,000 from the agency charged with protecting him and his family …
Discussion:
Wizbang, Scared Monkeys, americanthinker.com, nation.foxnews.com, Daily Pundit and Newsalert
Christian Heinze / GOP 12:
Palin film disappears at box office — The pro-Sarah Palin documentary, The Undefeated, suffered another huge drop in ticket sales over the weekend, earning just over $5,000. — Its weekend grosses: — July 29-31: $5,200 in 4 theatres. — July 22-24: $24,664 in 14 theatres.
Discussion:
Taegan Goddard's …
Julian Sanchez / New York Post:
Congress out to spy on your 'puter — If Congress had to name laws honestly, it would be called the “Forcing Your Internet Provider to Spy On You Just In Case You're a Criminal Act of 2011” — a costly, invasive mandate that even the co-author of the Patriot Act, Rep. James Sensenbrenner …
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