The Note’s Must-Reads for Monday, June 20, 2011

Jun 20, 2011 5:17am

Compiled by ABC News Digital News Associates and Desk Assistants Jacqueline Fernandez, Claudia Morales, and Jayce Henderson  

The New York Times’ Jim Rutenberg: “For 2012 Hopeful, Envoy Job in China Was a Useful Detour” As guests including Barbra Streisand and Yo Yo Ma mingled in three resplendent rooms in the White House in January to honor President Hu Jintao of China, David Axelrod, President Obama’s senior strategist, needed to take care of some political housekeeping. LINK 

The Washington Post’s Dan Eggen and T.W. Farnam: “Michele Bachmann, others raise millions for political campaigns with ‘money blurts’” In the ever-evolving world of campaign fundraising, some politicians have stumbled on yet another way to bring in buckets of cash. Let’s call it the “money blurt.” Here’s how it works: An up-and-coming politician blurts out something incendiary, provocative or otherwise controversial. The remark bounces around the blogs and talk shows and becomes a sensation. LINK 

The Washington Post’s Chris Cillizza: “For Obama in 2012, closer look at state unemployment numbers shows silver lining” The national unemployment rate — 9.1 percent in May — paints a grim political picture for President Obama as he turns his attention to the 2012 race. But dig slightly further into the numbers and the economic news is far less ominous for him. LINK

ABC NEWS’ Rick Klein: “World News Political Insights: Huntsman, Perry Test GOP’s Limits The rightward march of the Republican Party is about to face a dash toward the center. And then it just might get a shove back toward the right. Jon Huntsman's announcement of a presidential campaign on Tuesday, after months of anticipation and behind-the-scenes preparation, will test the limits of a Republican Party that's been trending more conservative in the tea party era. LINK 

Politico’s Marin Cogan: “Is Labrador GOP immigration key?” Wading into the tricky politics of immigration reform would seem to be a dead end for any Republican these days — let alone a conservative freshman from Idaho. But Rep. Raul Labrador, a Puerto Rican-born former immigration lawyer and overnight tea party darling, is doing just that — meeting with Republicans and conservative opinion-makers to try to build a “conservative consensus” to the seemingly intractable problem that defied a national reform effort nearly four years ago and still roils the political landscape on a state level.  LINK 

New York Daily News’ Nina Mandell “John McCain accuses illegal immigrants of starting wildfires; is slammed by Latino activists” Latino activists accused U.S. Senator John McCain of "fanning the flames" of intolerance Saturday after he blamed illegal immigrants for some of the massive wildfires sweeping Arizona. In a press conference after touring the scorched fire-damaged areas, the former presidential candidate said "there is substantial evidence that some of these fires have been caused by people who crossed our border illegally."LINK

The Boston Globe’s Todd Wallack: “Banks tap fund to repay TARP” Hundreds of small banks that received US aid after the financial crisis appear to have found a creative way to repay the funds: obtain money from a different government program. Most of the 627 banks that still hold money from the controversial Troubled Asset Relief Program, or TARP, have filed applications to roll the obligations into the government’s new Small Business Lending Fund, according to Treasury officials and the banks.  LINK

“Roundtable: Experts Debate Pakistan and Libya” LINK 

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