The Note’s Must-Reads for Friday, July 22, 2011

By Jayson

Jul 22, 2011 3:32am

The Note's Must-Reads are a round-up of today's political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at www.abcnews.com

Compiled by ABC News Digital News Associates Jayce Henderson, Jacqueline Fernandez and Desk Assistant Amanda VanAllen

DEBT:
ABC News: “11 Days to Default: Administration, House Republicans Work on $2T+ Debt Ceiling Deal” There is not a final deal yet, but the White House and House Republicans were in serious discussions this evening on a debt ceiling deal that would include more than $2 trillion in federal spending cuts and a joint commitment to increase tax revenues through tax reform to take place over the next year. LINK

The Hills’ Alexander Bolton: “Reid confronts Obama budget director on possible debt deal” Senate Majority Leader Harry Reid (D-Nev.) confronted White House budget director Jack Lew during a Thursday afternoon meeting about secret talks on a deficit-reduction deal between the president and Speaker John Boehner (R-Ohio). “I’m the Senate majority leader — why don’t I know about this deal?” Reid demanded as soon as the budget director walked into the historic Mansfield Room for a meeting with Senate Democrats, according to a lawmaker who witnessed the exchange. LINK

USA Todays’ David Jackson, Mimi Hall and Gregory Korte: “Administration, GOP downplay reports of deal” With time running short to raise the nation's $14.3 trillion debt limit, President Obama and congressional leaders worked through another tumultuous day of negotiations Thursday with little public progress for weeks of work to reach a compromise that would let the government to keep borrowing money while cutting spending and, perhaps, increasing taxes. LINK

Los Angeles Times’ Lisa Mascaro: “Obama, Boehner discussing $3-trillion debt package” President Obama and House Speaker John Boehner are continuing to work on a deal that would allow a debt-ceiling increase, even as both sides denied reports Thursday that an agreement was imminent. According to a Democratic congressional aide, discussions have centered on a version of the so-called grand bargain the two leaders have sought — minus a key element, new tax revenues, that has been rejected by Republicans. The White House told congressional Democrats about this proposal during the last 24 hours. LINK

New York Daily News’ Thomas M. Defrank: “President Obama open to short-term debt deal, if long-term deal is in sight” President Obama met with congressional leaders Wednesday to build momentum toward a debt pact that cuts spending, raises taxes – and avoids a default on government obligations. In a sign progress is being made toward the "grand deal" Obama and House Speaker John Boehner want, the White House softened Obama's insistence that he won't sign a short-term extension of the $14.3 trillion debt ceiling, which will be tapped Aug. 2. LINK

The New York Times’ Carl Hulse and Jackie Calmes: “Boehner and Obama Nearing Deal on Cuts and Taxes” President Obama and the Republican House speaker, John A. Boehner, once again struggled against resistance from their respective parties on Thursday as they tried to shape a sweeping deficit-reduction agreement that could avert a government default in less than two weeks. LINK

Politico’s David Rogers and Carrie Budoff Brown:“Obama, Boehner’s $3T debt deal bid takes fire from all sides” White House debt talks were described at the “fish-or-cut-bait” stage Thursday night, as President Barack Obama and House Speaker John Boehner sought to keep alive an estimated $3 trillion deficit-reduction package already taking fire from the left and right. Budget director Jack Lew received a fierce, angry, even screaming reception at the Senate Democratic Caucus, and Democratic congressional leaders were called to the White House to meet with the president for nearly two hours Thursday evening. LINK

The Wall Street Journal’s Naftali Bendavid, Carol E. Lee, and Janet Hook: “Obama and Boehner Advance Toward Deal to Cut Deficit” President Barack Obama and House Speaker John Boehner are moving toward a deficit-reduction deal that could cut as much as $3 trillion in spending and overhaul the tax code by the end of next year to raise up to $1 trillion, according to people familiar with the talks. Until now, Republicans have shot down every proposal that involved higher taxes. LINK

2012 PRESIDENTIAL RACE:
The Washington Post’s Aaron Blake and Nia-Malika Henderson: “Struggling Huntsman campaign loses manager” The campaign manager for Republican presidential candidate Jon M. Huntsman Jr. left that job Thursday, the clearest sign that the campaign, which began with considerable hype a month ago, is having trouble gaining traction. LINK

OTHER / REGIONAL:
The Washington Times’ Kara Rowland: “Policy czars remain on job as objections simmer” Two years after he dramatically expanded the scope of so-called policy czars, President Obama this year quietly scrapped some of the most controversial posts, tamping down what had been a simmering constitutional fight with Congress. LINK

The Boston Globe’s Maria Sacchetti: “Patrick backs illegal immigrants on tuition” Governor Deval Patrick, just weeks after defying federal immigration officials over their controversial Secure Communities program, unexpectedly appeared at a packed State House hearing yesterday to urge lawmakers to let illegal immigrants pay the reduced resident rate at state colleges and universities. LINK

ABC NEWS VIDEOS:
Rep. Clyburn: Biden Framework Key to Deficit DealLINK
Sen. Portman: 'Encouraged' by Gang of 6 WorkLINK

BOOKMARKS:
The Note: LINK
The Must-Reads Online: LINK
Top Line Webcast (12noon EST M-F): LINK
ABC News Politics: LINK
The Political Punch (Jake Tapper): LINK
George's Bottom Line (George Stephanopoulos): LINK
Follow ABC News on Twitter: LINK
ABC News Mobile: LINK
ABC News app on your iPhone/iPod Touch/iPad: LINK

You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus