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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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, USA Today, The Hill, Guardian, Hullabaloo, Marbury, Jared Bernstein, Weasel Zippers, Washington Post, American Power, Truthdig and Suburban Guerrilla
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, The Reid Report, 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
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
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:
The Lonely Conservative, Althouse, American Power and The Future of Capitalism
Marc A. Thiessen / Washington Post:
How the Tea Party ‘hobbits’ won the debt fight — The Tea Party came under fire from all sides Friday after House conservatives nearly brought down Speaker John Boehner's debt-limit bill. John McCain went to the Senate floor to mock Tea Partyers as “hobbits,” and Democratic Rep. Chris Van Hollen …
Discussion:
The Politico, JustOneMinute and CNN
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.
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, The Raw Story, Washington Monthly, The Caucus, Daily Kos, Whiskey Fire, Gawker, MyDD and Fox News
Washington Post:
White House, congressional leaders reach debt-limit deal
Discussion:
Washington Monthly, The Politico, The Reid Report and Tim Blair
Steven T. Dennis / Roll Call:
Debt Deal Emerging With Rightward Tilt
Discussion:
ThinkProgress, TPMDC, Pajamas Media, The Gateway Pundit, Weasel Zippers, Daily Kos and Hot Air
Jeff Zeleny / New York Times:
After Protracted Fight, Both Sides Emerge Bruised
Discussion:
Washington Monthly, New York Times, Washington Post and Hugh Hewitt's TownHall Blog
Allahpundit / Hot Air:
Deal watch: Yes or no? Update: Deal; Update: Boehner releases details; Update: Obama video added
Discussion:
NationalJournal.com, Datechguy's Blog, The Other McCain, Washington Post, Nice Deb and The Hill
Rachelle Younglai / Reuters:
House Democrats might not back debt deal: Pelosi
Discussion:
Washington Post and AMERICAblog News
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
Andrew Stiles / National Review:
Reid's In, Pelosi Hesitant, GOP Looking for Votes
Discussion:
The Hill, Washington Post and Daily Kos
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:
Talking Points Memo, Crooks and Liars and The Hill
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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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 and Daily Kos
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Imtiyaz Delawala / ABCNEWS:
PIMCO CEO Mohamed El-Erian: Budget Deal Will Only Bring Short-Term Relief
Discussion:
ThinkProgress, Bloomberg, Reuters and The Note
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 …
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:
ThinkProgress, Jesus' General, Little Green Footballs and Maggie's Notebook
Nicholas Schmidle / New Yorker:
GETTING BIN LADEN … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
Discussion:
Ben Smith's Blog
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
Directorblue / Doug Ross:
WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a cranium exploding into high-velocity brain-shrapnel) — A couple of observations about this graph: — • The vaunted “Clinton Surplus” was, in fact, the work of a GOP House that was willing …
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