- 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.