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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.
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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:
Firedoglake, CNNMoney.com, Verum Serum, The Hill and Weekly Standard

Reid, McConnell endorse deal, will present to rank-and-file Monday — Senate leaders will meet with their caucuses Monday morning to present a bipartisan agreement to raise the debt limit and cut spending between $2 trillion and $3 trillion. — Both Senate Majority Leader Harry Reid …

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 …
Discussion:
Weasel Zippers, Pajamas Media and The Daily Caller

Senate conservatives say they don't plan to delay consideration of debt-limit deal
Discussion:
National Review, Washington Post, TPMDC, The Note, Le·gal In·sur·rec· tion and Daily Kos

GOP ready to declare victory in debt fight
Discussion:
Alan Colmes' Liberaland and CNN


Live Blog: The U.S. Debt Battle
Discussion:
Alan Colmes' Liberaland, Bearing Drift, Calculated Risk, Washington Post and Wall Street Journal

Senate Votes Down Reid Bill, Awaits Obama/McConnell Spending-Cut-Only Debt Limit Bill

Reid signs off on debt deal as negotiators get close
Discussion:
Iowa Caucuses

Reid Backs Debt Deal and Hopes for Sunday Night Debt Vote
Discussion:
Crooks and Liars, The Huffington Post, TPMDC, Reuters and Daily Kos

The end of Harry Reid as we know it
Discussion:
The Daily Beast, PoliPundit.com and The Note

Senate Dems discuss emerging deal
Discussion:
Washington Post, The Other McCain and Daily Kos

Senate Negotiators Scramble to Finalize Debt Deal After Reid Bill Tanks
Discussion:
The Right Scoop, Michelle Malkin and The Other McCain

Senate Blocks Reid's Debt Ceiling Plan
Discussion:
Washington Monthly

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.
Discussion:
The Note, Crooks and Liars, Washington Post, Hit & Run, Hot Air, Hullabaloo, The Moderate Voice and The Daily Dish
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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:
The Daily Dish, DISSENTING JUSTICE, The Politico, emptywheel, MyDD, CNN, Shakesville and The Agonist

Pelosi, Dem leaders withholding judgment — Emerging from a Capitol Hill meeting with Democratic leaders, House Minority Leader Nancy Pelosi (D-Calif.) on Sunday applauded President Obama for his work on bipartisan legislation to raise the debt ceiling, but deferred her judgment on the bill until …
Discussion:
The Politico, TalkLeft, NationalJournal.com and Daily Kos
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The Note — Special ‘Countdown To Crisis’ Sunday Night Edition — Done Deal?
Discussion:
The Caucus and Taegan Goddard's …

PIMCO CEO Mohamed El-Erian: Budget Deal Will Only Bring Short-Term Relief
Discussion:
New York Times and The Note


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:
Hot Air, Weasel Zippers, The Gateway Pundit and Daily Kos
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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:
The TrogloPundit, The New Republic, Daily Kos and THE ASTUTE BLOGGERS


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:
Doug Ross, Don Surber, Balkinization, Daily Kos, Alan Colmes' Liberaland and Suburban Guerrilla

PIMCO chief: Deal won't prevent downgrading of US AAA credit rating — The U.S. is headed for a downgrade in its credit rating regardless of whether a deal is reached this weekend, according to PIMCO founder and managing director Bill Gross. — When asked by CNN host Ali Velshi on Sunday whether …
Discussion:
Right Wing News

White House's Over-the-Cliff Moment — When historians look back on this moment in American politics, they may wonder why the White House failed to focus on the consuming issue of the time: the economy — and, in particular, jobs. — An exasperated U.S. Sen. Bob Casey Jr., D-Pa. …
Discussion:
Hot Air


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:
Little Green Footballs, Maggie's Notebook and Jesus' General

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:
nation.foxnews.com and Newsalert

“Just fix it” — Alyssa Milano, via Twitter: … Here's why we can't “just fix it.” There are different ways of fixing it. You could raise taxes. You could cut spending. If you want to raise taxes, you could do it on upper income Americans, or on lower income Americans, or some combination.
Discussion:
A plain blog about politics

Herman Cain wins Western Conservative Summit Straw Poll; Rick Perry Second — ABC News' Arlette Saenz (@arlettesaenz) reports: — Presidential candidate Herman Cain won the straw poll at the Western Conservative Summit in Denver this weekend with 48 percent of the votes, followed by Texas Governor Rick Perry.
Discussion:
Iowa Caucuses, CNN and The Other McCain
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Herman Cain dominates Denver straw poll; Rick Perry second
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The Raw Story