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12:00 AM ET, January 1, 2013

memeorandum

 Top Items: 
Jonathan Weisman / New York Times:
Tentative Deal Is Reached to Raise Taxes on the Wealthy  —  WASHINGTON — Furious last-minute negotiations between the White House and the Senate Republican leadership on Monday secured a tentative agreement to allow tax rates to rise on affluent Americans, but the measure was not going to pass …
RELATED:
Ezra Klein / Wonkblog:
Why the White House thinks it's winning the ‘fiscal cliff’  —  Consider the ongoing fiscal cliff negotiations from the White House's perspective.  —  The specifics of the potential McConnell-Biden deal are fluid, but the bottom line, at the moment, seems to be this: It raises taxes …
Leigh Ann Caldwell / CBS News:
It's official: Deal reached on “fiscal cliff”  —  As revelers in Times Square and cities and towns across the country wait for the ball to drop to ring in the new year, politicians in Washington have announced that a ball is not likely to drop on the average taxpayer.
Discussion: TalkLeft and Firedoglake
Mollie Reilly / The Huffington Post:
Fiscal Cliff: Live Updates On Congress, White House Negotiations … REACT:  —  FOLLOW:  —  Barack Obama , Congress, Barack Obama , Video, Politics News, Fiscal Cliff, Fiscal Cliff Deal, Fiscal Cliff Live Updates, Fiscal Cliff Negotiations, Fiscal Cliff Talks, Fiscal Cliff Updates, Obama Fiscal Cliff, Politics News
Discussion: Weasel Zippers and Hullabaloo
Ezra Klein / Wonkblog:
Here's what Republicans really hated about Obama's news conference  —  President Obama's cheerful, mocking statement enraged Republicans.  But the bigger problem is he said something Republican leaders have been trying to hide from their members.  Obama said, clearly, that if the GOP wants …
Discussion: The Atlantic Online
Sam Stein / The Huffington Post:
Fiscal Cliff Deal Growing More Likely, Would Raise $715 Billion In Revenue … REACT:  —  FOLLOW:  —  Bush Tax Cuts, Video, Boehner Fiscal Cliff, Fiscal Cliff, Fiscal Cliff Deal, Fiscal Cliff Tax Revenues, Fiscal Cliff Taxes, Obama Fiscal Cliff, Obama Fiscal Cliff Deal, Tax Hikes, Politics News
Jennifer Bendery / The Huffington Post:
Fiscal Cliff Deal Reached: White House, Hill Leaders Agree To Delay Sequester By Two Months … REACT:  —  FOLLOW:  —  Harry Reid , John Boehner, Nancy Pelosi, Barack Obama , Barack Obama , Video, 2012 Fiscal Cliff, Harry Reid Fiscal Cliff, US Fiscal Cliff, Fiscal Cliff, Fiscal Cliff 2012 …
Wall Street Journal:
U.S. Budget Deal Is Sealed  —  The White House and Senate Republicans are closing in on a budget compromise that would raise tax rates on couples making more than $450,000 a year, increase taxes on large inheritances and extend unemployment benefits for a year.
Discussion: Washington Wire
Matthew O'Brien / The Atlantic Online:
The Estate Tax Is a Huge Giveaway in the Fiscal-Cliff Talks  —  It will cost us $375 billion over the next decade if we keep the estate tax from going back to its Clinton-era levels.  That's twice the savings from switching to chained CPI.  —  (Reuters)  —  It's time to talk …
Paul Krugman:
Conceder In Chief?  —  OK, I've had my own sorta-kinda briefing on the apparent fiscal cliff deal, and I'm pretty much with Noam Scheiber.  Viewed on its own, it's a bad and upsetting deal but not as terrible as initial rumors had it.  But the strategic consequences are likely to be very bad indeed, and in very short order too.
Washington Post:
(APPLAUSE)  —  Thank you.  Please, everybody have a seat.
Greg Sargent / The Plum Line:
The case for the Dems' negotiating strategy
Nancy Cook / NationalJournal.com:
Fiscal Compromise Would Set Stage For a New Year of Mini-Cliffs
Discussion: Hot Air, National Review and The Fix
Brian Beutler / Talking Points Memo:
Republicans Lash Out At Obama, Even As Fiscal Cliff Deal Close At Hand
Discussion: Politico and The Daily Caller
Suzy Khimm / Wonkblog:
Obama's wrong: This ‘cliff’ deal still raises taxes on the middle class
Jonathan Chait / New York Magazine:
Why Is Obama Caving on Taxes?
Brian Beutler / Talking Points Memo:
McConnell's Latest Gambit Is A Big Tax And Debt Limit Tell
Discussion: Daily Kos
Amie Parnes / The Hill:
Obama says fiscal-cliff deal on taxes ‘in sight’ but not done yet
Discussion: Reuters and Politico
Noam Scheiber / The New Republic:
Democrats' Cliff Compromise Is Bad; But the Strategic Consequences Are Disastrous
Discussion: CNN and Washington Examiner
The European / The European Union Times:
Clinton Injured, US Navy Seal Killed In Secret US Mission To Iran  —  A new Foreign Military Intelligence (GRU) report circulating in the Kremlin today is saying that United States Secretary of State Hillary Clinton [photo 2nd right] was injured, and a top US Navy Seal Commander killed …
RELATED:
Ian Swanson / The Hill:
Senate to hold New Year's Eve vote on Biden-GOP fiscal cliff deal  —  The Senate will vote on legislation to extend tax rates on annual income under $450,000 on New Year's Eve.  —  Senate Majority Leader Harry Reid (D-Nev.) said the vote would be held after a Congressional Budget Office score …
Discussion: Post Politics
RELATED:
USA Today:
Washington poised to go over ‘fiscal cliff’
Discussion: Firedoglake and Associated Press
CBS News:
Finally, a “fiscal cliff” breakthrough
Louis Michael Seidman / New York Times:
Let's Give Up on the Constitution  —  AS the nation teeters at the edge of fiscal chaos, observers are reaching the conclusion that the American system of government is broken.  But almost no one blames the culprit: our insistence on obedience to the Constitution, with all its archaic, idiosyncratic and downright evil provisions.
RELATED:
James Taranto / Wall Street Journal:
Long Walks, Short Piers
Discussion: Wizbang and The Gateway Pundit
Jonathan H. Adler / The Volokh Conspiracy:
Seidman: “Let's Give Up on [Parts of] the Constitution”
Don Kaplan / NY Daily News:
Political commentator Sean Hannity was one of the big losers in the 2012 election  —  The right-wing Fox News host lost half his audience in the weeks after Obama's win  —  Fox News Channel host Sean Hannity had predicted President Obama would lose in a landslide.
New York Post:
Greenwich Village couple busted with cache of weapons, bombmaking explosives: sources  —  The privileged daughter of a prominent city doctor, and her boyfriend — a Harvard grad and Occupy Wall Street activist — have been busted for allegedly having a cache of weapons and a bombmaking explosive in their Greenwich Village apartment.
Conor Friedersdorf / The Atlantic Online:
The Worst Holiday: New Year's Eve Is Over-hyped and Anti-Climactic  —  An absurd mix of international traditions would be better than how we celebrate it in America.  —  The national embarrassment of American New Year's Eve celebrations embodied in one image.  And it only got worse.  / Reuters
 
 
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 More Items: 
Daniel Malloy / Political Insider:
Rep. John Lewis' wife, Lillian, dies
Peter Wise / Financial Times:
Portugal braced for ‘fiscal earthquake’
Neil Irwin / Washington Post:
Markets aren't sweating the fiscal cliff
 Earlier Items: 
Chris Geidner / BuzzFeed:
Barney Frank Opposes Chuck Hagel For Defense Secretary
Raf Sanchez / Telegraph:
Republican party is ‘devoid of a soul’, says Jon Huntsman
Discussion: Ballot Box, Politico, Mediaite and ABCNEWS
Dylan Byers / Politico:
Gregory under investigation, out of headlines
Discussion: Weasel Zippers
 

 
From Mediagazer:

Om Malik / On my Om:
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost

Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV

Bloomberg:
A look at Crunchyroll's challenges, including current and former employees saying its management is out of touch, as Disney and Netflix's expand into anime
 
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