- CBO analysis puts Boehner’s debt ceiling plan at less savings than advertised. House Republicans will rejigger the proposal, delaying a vote until Thursday.
- The White House just wants the goal line to stop moving.
- The Chamber of Commerce lines up behind Boehner’s proposal.
- There’s historical precedent for the specially empowered committees called for in Boehner’s and Reid’s plans, but credibility is key.
- Could the Fed just allow the Treasury Department to keep spending past Aug. 2? No, probably not.
- Harry Reid said last December he thought he was giving the incoming Republican House buy-in on the debt issue by putting off a vote on the borrowing authority. Whoops.
- Why can’t the U.S.’s AAA sovereign debt be downgraded? Because we issue most of the world’s supply.
- Liberal legal star Goodwin Liu lands a California Supreme Court nod after failing to clear the Senate hurdle to federal appellate court.
- And The Onion proposes bold entitlement reforms.