Harry Reid super committee picks in place  —  In the first of what will be a closely watched selection process for a powerful new deficit panel, Democratic sources say Senate Majority Leader Harry Reid will appoint Democratic Sens. Patty Murray (Wash.), Max Baucus (Mont.) and John Kerry …

Wisconsin Recall Turnout: How High Can It Go?  —  So far, so good in the Wisconsin state Senate recalls, which as of midday have, according to reports, been proceeding smoothly.  —  TPM SLIDESHOW: Mad In Madison: Wisconsin Workers Protest Against Governor's Budget Proposals

Obama plan: Destroy Romney  —  Barack Obama's aides and advisers are preparing to center the president's re-election campaign on a ferocious personal assault on Mitt Romney's character and business background, a strategy grounded in the early stage expectation that the former Massachusetts governor is the likely GOP nominee.

Cameron Deploys 10,000 More Officers to Riots  —  LONDON — Prime Minister David Cameron pledged Tuesday to flood the streets of London with 10,000 extra police officers, and said that Parliament would be recalled in emergency session, after rioting and looting spread across and beyond London …

About that plane over S&P  —  Who sent an aerial message to Wall Street?  —  Courtesy of NY Observer  —  Earlier today, a plane flew over S&P headquarters trailing a banner that read: … Fortune has learned that the person who paid to fly the banner is a Midwestern broker …

For immediate release  —  Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected.  Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up.

Impeach Obama, says Michael Burgess  —  Burgess, center, wants to impeach Barack Obama to stop him from ‘pushing his agenda.’  —  Impeaching President Barack Obama “needs to happen,” Rep. Michael Burgess (R-Texas) told a local tea party group, the Fort Worth Star-Telegram reported Tuesday.

Philadelphia mayor talks tough to black teenagers after ‘flash mobs’  —  ** FILE ** In this March 20, 2010, photo, young people run down South Street during a flash mob incident that involved thousands and closed the street to traffic from Front Street to Broad in Philadelphia.

S&P's Chambers: Balanced budget amendment would do more harm than good  —  (Scott Eells - BLOOMBERG) House and Senate Republicans have rallied around the notion of a balanced budget amendment to the Constitution as a solution to the country's dire fiscal straits.

McCain faces angry crowd at Gilbert town-hall meeting  —  U.S. Sen. John McCain's town-hall meeting Monday in Gilbert broke down into a shouting match at times as “tea-party” activists directed their anger and frustration toward the senator over issues ranging from his characterization of them as …

Is Obama Smart?  —  A case study in stupid is as stupid does.  —  The aircraft was large, modern and considered among the world's safest.  But that night it was flying straight into a huge thunderstorm.  Turbulence was extreme, and airspeed indicators may not have been functioning properly.

S.F. gay married couple loses immigration battle  —  Washington —  Citing the Defense of Marriage Act, the Obama administration denied immigration benefits to a married gay couple from San Francisco and ordered the expulsion of a man who is the primary caregiver to his AIDS-afflicted spouse.

After Day of Tumult, Dow Closes Up 430 Points  —  Stocks rallied broadly on Wall Street on Tuesday, with most of the gains coming in late trading that followed a statement by the Federal Reserve saying it would hold short-term interest rates near zero through mid-2013.

Bachmann's ‘Must-Read’ List Included A Book That Claims Blacks Were ‘Better Off In Nearly Every Way’ Under Slavery  —  Minnesota Rep. Michele Bachmann (R) has already made one slavery-related gaffe during her presidential campaign, signing a pledge produced by the Iowa FAMiLY LEADER …

U.S. Credit Downgrade Leaves ‘Horrible Impact’ … Steve Inskeep talks to former Republican Senator Alan Simpson of Wyoming about the S&P downgrade of U.S. credit.  Simpson has been saying that he hopes the S&P downgrade will cause lawmakers to take deficit deliberations more seriously.

John Derbyshire Wants To ‘Let Britain Burn’  —  It's been a while now since I've read a good old fashioned insane John Derbyshire post.  Fortunately, we've got this in today's National Review Online: … It's one thing if you want to call “deracinated moral universalism” a “sick” principle.

The bullets yet to be fired to stop the crisis  —  Four years into the financial crisis, it is becoming increasingly clear that the biggest deficit is not in credit, but credibility.  Markets can adjust to a downgrade of global growth, but they cannot cope with a spiralling loss of confidence …

A Downgrade Awakening  —  Amid the market wreckage, signs of a political turn.  —  During yesterday's market meltdown, an old friend shot us an email: “The Obama adm needs to stop trying to disarm the fire alarm and start trying to put the fire out.”  —  Good advice that …