Morning Must Reads: Fits

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  • As debt ceiling talks move to the White House, revenue remains the sticking point.
  • A heavy lift may require Nancy Pelosi.
  • Crossroads GPS plans $20 million early ad campaign hitting Obama on the economy:

We don’t see a realistic path to solving all this at once in the next few weeks. It’s just not possible. What we’re trying to do is a framework where there’s a substantial down payment of spending reforms that lock in deficit reduction over a 10-year period. Then a framework of constraints—we call it a debt fail-safe, or a set of targets and triggers—that will force the remaining deficit reduction to happen soon enough so we don’t fall behind the curve in this.