- Team Romney leaks word of a big second-quarter haul: $15-20 million, and another $10 million or so to his Super PAC.
- The Fed cuts swipe fees in half, but just about doubles what they initially announced they’d cut the limit to with little explanation. The banks may have failed to get their way with Congress on this one, but lobbying the Fed apparently worked out just fine.
- That the debt ceiling negotiations have suddenly gone public is an ominous sign.
- Also somewhat disconcerting: Eric Cantor is short Treasury bonds.
- One important way the debt ceiling is different from regular legislation: Sooner or later, it will be raised.
- Senate votes to limit nominees requiring confirmation.
- Little Rhody gets civil unions.
- California’s miracle budget.
- Mark Penn finds Americans are bummed.
- The Senate may work through the July 4 recess. They haven’t done that since Watergate.
- And politicians are always getting cease and desist letters from rock stars.
