- The Pentagon has provided Congress with its first detailed list of military options to stem the bloody civil war in Syria, suggesting that a campaign would be a vast undertaking, costing billions of dollars, and could backfire on the United States.
- Foreign Policy: Five things to watch for in the Israel-Palestine peace process
- New Republic: “The Last Days of Big Law”
- Detroit native Ron Fournier calls Motown’s economic and social ills a warning for the nation.
- Mayor Dave Bing has little power to wield as his city files for bankruptcy.
- New Washington Post/ABC poll shows Obama’s second-term agenda is slipping: 49% disapprove of Obamacare, 46% support the Senate’s immigration reform bill, and 53% want the House to break up the Senate bill into pieces.
- National Journal poll: Only 36% want an outright repeal of Obamacare.
- The White House is enlisting the help of celebrities to promote the health-care overhaul.
- Deputy Treasury Secretary Neal Wolin, who has been involved in some of the “thorniest economic issues” facing the Obama administration, will step down next month.
- Private investment funds, facing diminished returns in some other areas, have piled into the banks’ business of lending to struggling companies.
- The Republican budget strategy in Congress shows almost daily signs of coming apart.
- George Packer dives into the monetization of government prestige.
- The death of Texas construction magnate Bob Perry leads a void in the political donor pool.
- Prince born. He is third in line to the UK throne.
Morning Must Reads: July 23
In the news: Syria, the Republican budget strategy, Detroit, Bob Perry, new polls, and a prince