- Analysts say 30-year Treasury yields are now showing signs of Washington deadlock worry.
- House Republicans prepare for a fight on McConnell’s contingency plan.
- Conservative lawmakers don’t plan on being mollified by this week’s symbolic votes.
- CBO’s Elmendorf on the “cap” part of “Cut, Cap and Balance”: “… limiting federal spending to 18 percent of GDP would require a cut in spending relative to CBO’s baseline projections for 2021 of roughly one-quarter.”
- The Times strikes a sober note on Dodd-Frank’s anniversary, but I don’t entirely see why. Sure financial sector profits haven’t dipped, the Fed met the banks halfway on swipe fees, the CFPB is partially frozen until it gets a director and there’s plenty left to be resolved. But I can’t think of any major legal or legislative blows to the law since it was signed last July.
- Warren’s “not through throwing rocks.”
- Louie Gohmert concludes the debt ceiling deadline is a conspiracy to free up Obama for a birthday party.
- The perks of not being President: Clinton says he’d use 14th Amendment argument to circumvent the debt ceiling fight.
- And the perks of being President: Obama gets to see what was in the briefcase from Pulp Fiction.
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Obama’s Persuasive Powers on Gay Marriage Manifest in Maryland
When President Obama endorsed gay marriage earlier this month, the media grappled with two basic political questions: Was his personal “evolution” a case of a politician transparently following a national trend toward accepting same-sex unions (accelerated, perhaps, by his chatty No. 2), and would it hurt his re-election chances by alienating socially conservative voters like black churchgoers? Sure, there was a recognition that it marked a gratifying moment for gay-marriage advocates — as well as some grumbling about the President’s view that it remains a state issue, not a federal one. But by and large, there were few suggestions that one man, even the President, would shift public opinion on the issue or affect public policy. Based on a new Public Policy Polling survey out of Maryland, it seems this possibility was underestimated.
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