President Obama and congressional leaders sealed a debt increase deal that includes sharp spending cuts of about $2.4 trillion but no new taxes.
Chris Cilizza of the Washington Post picks the political winners and losers. But USA Today argues that everyone is taking a political hit. And POLITICO notes Obama’s problems with his liberal base are likely to worsen.
With the new agreement, Obama has flipped from spending to cuts in a weak economy.
Michele Bachmann panned the deal, but Jon Huntsman is in.
Weekly Standard Editor Bill Kristol wants a Ryan-Rubio ticket for 2012.
Hollywood steps up for Obama as movie mogul Jeffrey Katzenberg donates $2 million to a pro-Obama group.
Joe Biden is charging the Secret Service to protect him, forcing the agency to pay rent on a cottage near his home near Wilmington, Del.
And coming this fall to a TV near you: Michelle Obama will guest star on ABC’s “Extreme Makeover: Home Edition.”