The Note’s Must-Reads for Monday, July 11, 2011

Jul 11, 2011 4:43am

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

NATIONAL DEBT
ABC News’ John Parkinson and Jake Tapper: “White House Debt Talks Make Little Progress” President Obama told congressional leaders tonight that he is prepared to make the tough decisions on entitlement spending to reach a deal on raising the debt ceiling and cutting the deficit, a Democrat familiar with the negotiating process told ABC News. But if Republicans are not willing to do the same regarding taxes, the president asked them during a meeting at the White House, what is their alternative? LINK

The New York Times’ Mark Landler: “Obama Leans on G.O.P. for a Deal on Debt Ceiling” President Obama tried on Sunday to revive the chances for a sweeping budget agreement to reduce the nation’s deficit and repair its perilous finances, but Congressional Republicans continued to balk, insisting on a more modest deal to avert a default on the national debt. LINK

The Washington Post’s Scott Wilson and Lori Montgomery: “Debt reduction talks in limbo as clock ticks toward Aug. 2 deadline” Talks among President Obama and congressional leaders Sunday evening failed to break a partisan stalemate over how to raise the federal borrowing limit, leaving the politically charged negotiations in limbo three weeks before the administration says the country will begin to default. LINK

The Washington Post’s Paul Kane: “President, speaker motivated by ‘big deal’” For months, House Speaker John A. Boehner (R-Ohio) has been urging President Obama to do the “big deal” on debt talks. Using his oft-repeated refrain in a mid-May television interview, Boehner summed up his message this way: “Come on, you and I, let’s lock arms and we’ll jump out of the boat together.” LINK

Politico’s Carrie Budoff Brown and David Rogers: “Debt talks to resume Monday after testy 75-minute session President Barack Obama called congressional leaders back to the White House for another round of budget talks Monday, telling them during a testy meeting Sunday that they will gather daily until a deal is reached, Democratic and Republican officials said. In a bid to take his case to voters, the president also will hold a press conference Monday morning, the White House announced at the conclusion of the meeting. LINK

The Wall Street Journal’s Carol E. Lee, John D. McKinnon and Naftali Bendavid: “Deficit negotiations hit reset” President Barack Obama and Republican leaders in Congress clashed Sunday over the scope of an effort to cut the federal deficit, one that could be shorn of its most ambitious elements, including revamping the tax code and significantly reducing growth in benefit programs. Mr. Obama urged the top eight congressional leaders from both parties during a meeting that lasted about 75 minutes at the White House to strive for the largest possible package, some $4 trillion over 10 years.  LINK

The Hills’ Sam Youngman, Erik Wasson and Russell Berman: “Obama, lawmakers fail to reach breakthrough at White House” President Obama and GOP leaders in Congress failed to reach a breakthrough on debt talks Sunday night during a 75-minute White House meeting. Obama and leaders from both parties agreed to meet again Monday at the White House at a time to be determined. LINK

New York Daily News’ Lore Croghan and Alison Gendar: “Obama still pressing for 'big deal' debt reduction plan despite GOP opposition” The Obama administration is still pressing for a "big deal" debt reduction plan even though GOP leaders say such an ambitious plan is dead on arrival. White House Chief of Staff Bill Daley said the president wants the $4 trillion debt reduction package, despite House Speak John Boehner warning that only a smaller target stands a political chance to pass. LINK

The Boston Globe’s Donovan Slack: “Benefits at risk, Geithner warns"As the nation inched closer yesterday to what the White House says would be a catastrophic default on its massive debt, President Obama’s administration ratcheted up the pressure on Republicans by suggesting Social Security checks for some 55 million Americans could be in jeopardy if no deal is reached in the next three weeks. LINK

OTHER
Los Angeles Times’ Michael Brune: “How President Obama can reclaim his green cred” Environmentalists worked hard to help Barack Obama win the presidency. Three years later, many of us are disappointed with the administration's environmental record. Although headlines proclaiming that Al Gore "condemned," "blasted" or "slammed" the president in his recent Rolling Stone essay were exaggerated, there's no skirting the administration's failure to take bold action on protecting our communities, rivers, lakes, oceans, wild lands, air and climate. LINK

USA Today’s Susan Page: “Minnesota's budget crisis could help Pawlenty” Could Minnesota's budget woes rescue Tim Pawlenty's presidential bid? Critics accuse the state's two-term governor, who left office in January, of using short-term fixes that laid the groundwork for the state's current fiscal problems. For Pawlenty, though, the crisis that has shut down the state government for a record 11 days and counting has provided a platform to tout his tight-fisted stance toward spending during a shutdown of his own in 2005. LINK

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