Well, the big question now is, what will the House do? If they balk, it would seem two options remain: 14th Amendment and clean bill. The White House has ruled out one of these. As you'll notice, I don't see much else out there today -- although there is terrific news on the health-care front. Here's today's Morning EDition:
- The Senate is expected to vote on a bill cutting spending and raising the debt ceiling.
- The bill of the deal.
- The deal's first cuts.
- White House fact sheet on the deal.
- Speaker Boehner (R-OH): "It's all spending cuts."
- But did Boehner trick his own members again, this time by saying the deal blocks tax hikes?
- If so, it seems to have worked.
- Boehner's PowerPoint.
- In the House, right and left could unite to kill the bill.
- House Dem Leader Pelosi (D-CA) says bill might not win any Dem votes in the House.
- Could Democrats therefore get blamed for the deal going down?
- House Dems still cling to the 14th.
- White House confirms jobless were thrown to the curb.
- And even on the professed goal of spending reduction, the gains are minimal.
- Wall St. applauds. After losing $680 billion last week. (And then goes down again. Maybe read the deal?)
- Wall St. investment-firm CEO does not applaud.
- Economists say the deal will hurt America.
- Nat. Journal reports Medicare would get cut by $300 billion (sub. req'd.)
- Grover Norquist approves.
- It's not like any politicians got helped, either.
- Well, maybe one. A majority leader? No? A Democrat? Of course not.
- And White House calls it a victory, in email to allies.
- Greg Sargent rounds up some assessments of Obama's performance, few of them good.
- The Obama mistakes that got us here.
- Flashback: Obama ignored, rejected or didn't understand the warnings.
- National Review.
- Analysis: GOP didn't have to threaten default to get these cuts.
- Kevin Drum argues that the automatic cuts are already a sure thing.
- Don't call it a compromise.
- Yglesias: Why shouldn't we expect Obama to fold in the next spending showdown this deal creates?
- The deal sets up more showdowns in November and December.
- Congressional Black Caucus Chair Emanuel Cleaver on the "Satan sandwich."
- Democrats can still tank this deal.
- House Rules Committee could take up debt-ceiling deal today.
- Mitt Romney weighs in, now that it's easy to do so.
- Heritage still doesn't like the deal.
- Our political insanity may accomplish what default would have.
- VIDEO: President Obama announces the deal.
- VIDEO: Gene Sperling defends the deal.
- Consumer expectations hit two-year low.
- Government cuts hurt the economy last quarter.
- Poll: Americans see America's decline.
- Insurers will have to start covering birth control and other preventive services for women.
- Florida has passed on millions of dollars in federal health-care money.
- Home-ownership rate drops to lowest level since 1998, eradicating all the progress Bush was so proud of.
- VIDEO: Reformers are getting slaughtered.
- Budget cuts give wildfires an edge.
(What I'm reading: Greg Sargent's Plum Line, Think Progress, Matt Yglesias, Talking Points Memo, TPMDC, Taegan Goddard's Political Wire, the Washington Monthly, CNN's PoliticalTicker, the National Journal, Ezra Klein, Politico's Playbook and Huddle, Dave Weigel, Wonkette, Firedoglake, the NYT Caucus, Daily Kos, Crooks and Liars. What my iPod has me listening to: Why I Am by the Dave Matthews Band.)
Follow Senior Producer Jonathan Larsen (@jtlarsen) on Twitter