The Note’s Must-Reads for Tuesday, July 19, 2011

By Jayson

Jul 19, 2011 3:27am

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 CRISIS:
ABC News’ John R. Parkinson: “State of Play: Debt Limit Showdown Intensifies as Deadline Looms” With a little more than two weeks to go until expiration of the Treasury Department’s deadline to increase the statutory debt limit, negotiations on how to avoid a default are going on in secret and behind closed doors as President Obama met with House Speaker John Boehner and House Majority Leader Eric Cantor at the White House on Sunday morning. LINK

The Hills’ Russell Berman and Erik Wasson: “House GOP seeking an alternative debt plan” With House Republicans leery of a backup debt plan that is gaining steam in the Senate, GOP leaders are pushing ahead with White House talks aimed at striking a deficit-reduction deal that can pass Congress. Speaker John Boehner (R-Ohio) and House Majority Leader Eric Cantor (R-Va.) returned to the White House on Sunday for a secret meeting with President Obama, cognizant that many of their rank-and-file members believe the plan offered by Senate GOP Leader Mitch McConnell (Ky.) represents an unacceptable abdication of congressional authority to the president. LINK

The New York Daily News’ Christine Roberts: “Most Americans disapprove of how GOP has handled the debt-ceiling crisis, says new poll” A majority of Americans disapprove of the GOP's role in the debt-ceiling crisis, a new CBS poll reveals. Approximately 71% of voters said they oppose how their Republican representatives have dealt with recent negotiations to raise the $14.3 trillion debt ceiling, according to the survey released Monday. LINK

Los Angeles Times’ Tom Petruno: “Fears rise in global markets as debt woes mount” Political bickering over the debt crises in Eurpoe and the U.S. is driving up fear levels in global markets, leaving some investors worried that the worst is yet to come. That's sending another torrent of money into precious metals — a classic vote of no-confidence in governments. Gold topped $1,600 an ounce Monday for the first time after rising for 10 straight days, the longest winning streak since 1980. LINK

USA Todays’ Susan Page and Mimi Hall: “Poll: Low ratings for Obama, Congress on debt talks” Americans aren't pleased by the political shenanigans they see in down-to-the-wire negotiations over the debt ceiling. Half of those surveyed in a USA TODAY/Gallup Poll say President Obama and Congress are doing a worse job than their predecessors in dealing with the nation's problems. Four in 10 call it the worst they've seen in their lifetimes. LINK

The New York Times’ Carl Hulse: “In Debt Crisis, a Legislative Trick Up the Sleeve” With Republicans and Democrats still deeply divided over how to shrink the budget deficit and the national debt, the only way for them to avoid a financial crisis at this late date may be to perform a legislative magic trick. LINK

The Washington Post’s Rosalind Helderman and Paul Kane: “Debt-ceiling crisis still eludes compromise” Republican lawmakers moved ahead Monday on a doomed plan to amend the U.S. Constitution to require a balanced federal budget, one day after President Obama met with the top two House GOP leaders in hopes of reaching a debt-limit agreement that could win approval from the hostile House. LINK

Bloomberg’s Julie Hirschfeld Davis: “House to Act on Doomed U.S. Deficit Plan” Two weeks from a threatened default, U.S. House Republicans today plan to defy President Barack Obama’s promised veto by voting to slash spending and condition a $2.4 trillion debt-ceiling increase on passage of a constitutional amendment to balance the budget. The measure, demanded by fiscally conservative organizations and Tea Party groups, brings lawmakers no closer to meeting an Aug. 2 deadline for increasing the $14.3 trillion debt limit. LINK

Politico’s David Rogers: “Debt ceiling debate turns 'scary'” Washington’s frayed nerves showed through Monday amid tough talk on the right, a White House veto threat, canceled weekend passes and the top Senate Democrat likening default to a “very, very scary” outcome even for those “who believe government should be small enough to drown in a bathtub.” LINK

2012 PRESIDENTIAL RACE:
The Washington Times’ Ralph Hallow: “Romney’s religion a barrier to Republican nod, Cain says” Republican presidential primary candidate Herman Cain says front-runner Mitt Romney cannot win the party’s White House nomination next year because of his religion. LINK

OTHER:
The Wall Street Journal’s Katie Gluek: “Obama Looms Over Race for Senate Seat in Virginia” Tim Kaine has been a city councilman, mayor and governor of Virginia. But as he runs for the U.S. Senate, Republicans want voters to focus on Mr. Kaine's two years as chairman of the national Democratic Party, when his job was to defend President Barack Obama during the partisan fights over health care and the stimulus. LINK

ABC NEWS VIDEOS:
Obama Sidesteps Elizabeth Warren for Consumer Watchdog GroupLINK
Rep. Rokita: I'm 'Not Worried' About a DowngradeLINK
Marty Chavez: 'Challenge' Running as a DemocratLINK

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