The Note’s Must-Reads for Thursday, August 11, 2011

By Jayson

Aug 11, 2011 3:11am

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 DOWNGRADE / REDUCTION:
The Hills’ Sam Youngman: “Obama, Bernanke and economic team huddle amid market turmoil” President Obama and his economic team met Wednesday with Federal Reserve Chairman Ben Bernanke as volatility continued to haunt the markets. Obama, Bernanke, Treasury Secretary Tim Geithner, National Economic Council Chairman Gene Sperling and White House chief of staff Bill Daley huddled in the Oval Office “to discuss the economy and global recovery,” the White House said in a statement. LINK

USA Todays’ David Jackson: “Obama is still going on vacation” In case you're wondering, President Obama still plans to vacation with his family later this month on Martha's Vineyard, his spokesman said today. Press secretary Jay Carney said he doubts the American people would begrudge the president some time off with his family, even in the midst of an economic downturn — and besides, it is likely to be in part a working vacation. LINK

The Washington Post’s Joel Achenbach: “Is debt downgrade an alarm bell for a great nation in decline?” This is not, technically, an existential crisis. No foreign army is about to invade the United States. The Soviets are 20 years gone, and Russian ICBMs are now aimed at open ocean. The nation isn’t in a depression. There’s been no run on the banks, no Hooverville sprouting on the Mall. LINK

Boston Globe’s Theo Emery: “GOP senator criticizes Murray’s appointment to panel” The appointments to the bipartisan committee established to reach consensus on cutting at least $1.5 trillion from the federal debt over the next decade has come under attack from a Republican member of Congress. LINK

Politico’s Jonathan Allen: “Super Committee lineup gives hope for deal” As markets continue to rise and dive in a post-downgrade free-for-all and lawmakers face angst-ridden constituents on the town hall circuit, Capitol Hill is looking at the lineup of the new deficit reduction “super committee” as a critical chance to prove Congress can function during a crisis. LINK

Wall Street Journal’s Naftali Bendavid: “Republicans Set Debt-Panel Roster” Republican House and Senate leaders named six conservative diehards Wednesday to the new deficit-cutting committee, but the appointees' histories suggested they might be open to striking a deal with Democrats. LINK

2012 ELECTION:
ABC News’ Sheila Marikar and Shushannah Walshe: “Sarah Palin to Re-Launch Bus Tour in Iowa Tomorrow” ABC News has confirmed that Sarah Palin will re-launch her “One Nation” bus tour in Iowa tomorrow, the same day that Republican presidential contenders will take the stage for a debate in Ames, Iowa. A SarahPAC fundraising email obtained by ABC News details the former Alaska governor’s plans to “meet folks at the Iowa State Fair in Des Moines this week.” LINK

New York Daily News’ Aliyah Shahid: “Romney, Obama war heats up after revelation of president's reported plan to 'destroy' GOPer in 2012” Republicans have yet to cast a single presidential primary vote, but already it's looking like all-out war between Mitt Romney and President Obama. Team Romney hit back Tuesday after revelations Obama's re-election campaign has reportedly hatched a plan some dubbed "Kill Romney" to undermine the Massachusetts governor. LINK

The New York Times’ Jeff Zeleny and Ashley Parker: “With Return to Iowa, Romney Heeds Call of G.O.P. Strategists” Mitt Romney has kept a cautious distance from Iowa after Republicans here helped dash his presidential aspirations four years ago, but he stood before a lush soybean field on Wednesday and declared that his second White House bid depended on a path through this state. LINK

The Washington Times’ Seth McLaughlin: “Romney in ring to fight at Iowa debate” Mitt Romney’s above-the-fray campaign strategy will be put to the test this week in Iowa. The former Massachusetts governor will descend to earth and go toe-to-toe with other Republican presidential candidates in a nationally televised debate Thursday before stepping away again as the rest of the field competes in the low-stakes but high-profile Ames Straw Poll. LINK

OTHER:
Los Angeles Times’ Michael A. Memoli: “White House denies leaking Bin Laden raid details to filmmakers” The White House on Wednesday defended its decision to grant filmmaker Kathryn Bigelow and others access to top officials to discuss the raid that killed Osama bin Laden, and called claims from a senior Republican lawmaker that classified information was being compromised for political ends "ridiculous." New York Rep. Peter T. King, chairman of the House Committee on Homeland Security, sent a letter to officials at the Pentagon and the Central Intelligence Agency on Tuesday expressing concern about "ongoing leaks of classified information regarding sensitive military operations." LINK

ABC NEWS VIDEOS:
Rick Perry Poised to Shake Up 2012 RaceLINK
Michael Bloomberg on S&P Downgrade, 2012 RaceLINK

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