The Note’s Must-Reads for Tuesday, August 2, 2011

By Jayson

Aug 2, 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 DEAL / GABRIELLE GIFFORDS:
ABC News’ Jonathan Karl and Sunlen Miller: “Gabrielle Giffords Returns to Congress for Debt Ceiling Vote” Rep. Gabrielle Giffords, D-Ariz., returned to Congress tonight for the first time since being shot in the head in January, casting a vote in support of the compromise debt ceiling bill.  "Gabrielle has returned to Washington to support a bipartisan bill to prevent economic crisis," read a message posted to Giffords' Twitter account while members began casting their votes on the House floor. LINK

The Hills’ Mike Lillis and Cristina Marcos: “Giffords votes yes on debt deal as lawmakers wipe away tears” Rep. Gabrielle Giffords (D-Ariz.) made a dramatic return to Washington Monday evening to cast her vote in favor of the deal to raise the debt ceiling. Returning to Capitol Hill for the first time since she was shot in the head six months ago, Giffords walked into the House chamber shortly after 7 p.m., accompanied by Speaker John Boehner (R-Ohio) and aides. LINK

Los Angeles Times’ David Lauter: “Debt ceiling deal accomplishes little” High-stakes negotiations force people to reveal what they really care about, and in the 11th-hour deal to stave off a federal financial default, President Obama and congressional Democrats and Republicans each made clear their top priorities. For Republicans, it was preventing any tax increase to upper-income families. LINK

USA Todays’ Richard Wolf, Jackie Kucinich and Gregory Korte: “Debt deal easily clears House, final passage likely” Congress was poised to send President Obama a compromise deficit-reduction package topping $2 trillion Tuesday, just hours before the nation could run out of borrowed money to pay its bills. After months of bitter partisan wrangling, the House on Monday easily approved the landmark measure raising the nation's $14.3 trillion debt limit by a 269-161 vote. LINK

The Washington Times’ Dave Boyer: “Obama helps ’12 bid with concessions in debt deal” Political observers could not help but notice that many provisions of the compromise debt deal, such as postponing nearly all spending cuts until 2013 and boosting student aid next year, are tailor-made for President Obama’s 2012 re-election campaign. LINK

The New York Times’ Carl Hulse: “House Passes Deal to Avert Debt Crisis” After months of partisan impasse, the House on Monday approved a budget agreement intended to head off a potential government default, pushing Congress a big step closer to the conclusion of a bitter fight that has left both parties bruised and exhausted. LINK

The Washington Post’s Alec MacGillis: “Angry liberals seek silver lining in debt deal” Dispirited liberals fumed Monday over the deal to raise the debt ceiling that would cut deeply across the government, include no new tax revenue from wealthy Americans and would not provide any additional stimulus for a lagging economy. LINK

Bloomberg’s Mike Dorning: “Debt Compromise Set for U.S. Senate Vote Amid Doubts” Congressional leaders voiced confidence the Senate will vote today to ratify a U.S. debt- limit compromise that will avert a default even as it defers decisions on the nation’s finances to a bipartisan panel and may only modestly reduce deficits while slowing economic growth.  The House voted 269-161 yesterday to approve the measure, which raises the national debt ceiling enough to fund the government until 2013 and threatens automatic spending cuts to enforce a goal of cutting $2.4 trillion over the next decade.  LINK

Politico’s Glenn Thrush, Carrie Budoff Brown, Manu Raju and John Bresnahan: “Joe Biden, Mitch McConnell and the making of a debt deal” He had given away his demand for a clean increase in the debt limit. He had given up on tax hikes on the rich and closing corporate loopholes. He had even given away billions in cuts to domestic programs close to his heart. But by 4 p.m. Sunday — two days before the country would plunge into default — President Barack Obama drew the line against congressional Republicans who wanted assurances that defense spending would be cut less than many other programs. LINK

The Wall Street Journal’s Naftali Bendavid and John Mckinnon: “Uneasy House OK’s Debt Deal” The House passed a $2.4 trillion debt-ceiling increase Monday night with the Senate planning to follow on Tuesday, after one of the most ferocious fights ever over government spending. Congressional approval, along with President Barack Obama's signature, would raise the government's debt limit just before the U.S. government would begin defaulting on its obligations. LINK

ABC NEWS VIDEOS:
Selling the Debt-Ceiling DealLINK
Boehner on Debt Deal: 'Right Direction'LINK

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