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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.
Discussion:
Washington Monthly, The Raw Story, xpostfactoid, Washington Post, Sky Dancing, Booman Tribune, Hullabaloo, AMERICAblog News and Daily Kos
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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:
CNNMoney.com, Firedoglake, Taylor Marsh, Verum Serum and Weekly Standard
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Obama and Leaders Reach Debt Deal — WASHINGTON — President Obama and Congressional leaders of both parties said late Sunday that they had agreed to a framework for a budget deal that would cut trillions of dollars in federal spending over the next decade and clear the way for an increase in the government's borrowing limit.
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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:
Firedoglake, Pajamas Media, Weasel Zippers, The Gateway Pundit, Daily Kos and Salon
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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 …
Discussion:
Wonkette
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IT'S A DEAL! Obama, Congressional Leaders Announce Deal To Avoid Default — President Obama and Congressional leaders announced Sunday evening they've agreed to a major, and controversial deal to raise the national debt limit and advance major cuts to government services.
Discussion:
Crooks and Liars and The Raw Story
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Reid signs off on bipartisan debt deal
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The Daily Caller, Weasel Zippers and Pajamas Media
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GOP wins when the fight is over cuts not more taxes
Discussion:
The Gateway Pundit
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Senate conservatives say they don't plan to delay consideration of debt-limit deal
Discussion:
National Review, TPMDC, Washington Post, The Note, Daily Kos and Le·gal In·sur·rec· tion
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GOP ready to declare victory in debt fight
Discussion:
Alan Colmes' Liberaland and CNN
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Reid signs off on debt deal as negotiators get close
Discussion:
Scared Monkeys, Iowa Caucuses, Fox News and Michelle Malkin
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Live Blog: The U.S. Debt Battle
Discussion:
Alan Colmes' Liberaland, Calculated Risk and Wall Street Journal
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Senate Votes Down Reid Bill, Awaits Obama/McConnell Spending-Cut-Only Debt Limit Bill
Discussion:
The Huffington Post, CNN, ThinkProgress, Crooks and Liars, mobile.nationaljournal.com and Daily Kos
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Reid Backs Debt Deal and Hopes for Sunday Night Debt Vote
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The Hill, The Politico, TPMDC, Crooks and Liars, The Huffington Post, Reuters and Daily Kos
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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 Moderate Voice, Mediaite and Bearing Drift
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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:
Pajamas Media, The TrogloPundit, The New Republic, The Other McCain, Daily Kos and THE ASTUTE BLOGGERS
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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:
Washington Post, The Note, Crooks and Liars, Hit & Run, Hullabaloo, Hot Air, The Moderate Voice and The Daily Dish
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Democrats will lose now. But they can win later.
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The Daily Dish, ThinkProgress, DISSENTING JUSTICE, The Politico, emptywheel, MyDD, CNN, Shakesville, Hullabaloo, The Note and The Agonist
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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, NationalJournal.com, TalkLeft and Daily Kos
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House Democrats might not back debt deal: Pelosi
Discussion:
Hot Air, Taegan Goddard's … and AMERICAblog News
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PIMCO CEO Mohamed El-Erian: Budget Deal Will Only Bring Short-Term Relief — One of the most prominent global investors says that a potential budget deal in Washington will only bring short-term relief, and it won't remove the threat of a U.S. debt downgrade by credit rating agencies.
Discussion:
New York Times and The Note
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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:
Tom Watson and Hot Air
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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
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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:
24Ahead, Balkinization, Daily Kos, Don Surber, Doug Ross, Alan Colmes' Liberaland and Suburban Guerrilla
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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, Jesus' General and Maggie's Notebook
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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
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Herman Cain dominates Denver straw poll; Rick Perry second — Herman Cain easily won the Western Conservative Summit presidential straw poll Sunday, drawing 246 ballots out of 508 cast and beating his nearest runner-up by a 179-vote margin. — Second-place contender Rick Perry took 67 votes, or 13 percent, to Cain's 48 percent.
Discussion:
The Raw Story
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