- 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.
Morning Must Reads: Credibility
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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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