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The Politicalist, August 1


It's Aug. 1!
You know what that means.
Tomorrow is Aug. 2, the Debt Deadline.
But luckily for today's calendar (or unluckily, depending on your bent), congressional leaders and President Barack Obama have agreed on a deal that would cut trillions from the deficit and allow the U.S. to continue to pay its obligations through 2013. The deal doesn't raise taxes. It was negotiated by VIce President Joe Biden and Senate Minority Leader Mitch McConnell.
And it still needs to go up for a vote.
That's the big news today. Here's a rundown of the coverage from Washington.

Details emerge on the debt deal.

What's next

Liberals and (defense) hawks are the obstacles that remain to get this sucker passed.

Much of the deal hinges on a "super Congress" that will have broad powers to slash the deficit. But if they can't come to an agreement, a "trigger" mechanism is in place — and it would "savage" the defense budget, without raising taxes, says WaPost's Ezra Klein.

The deal could provide a boost to world markets.

Both sides "bruised."

A lot of big-ticket items went ignored in the midst of the debt crisis.

Presidential candidates react.

House Minority Leader Nancy Pelosi is in the driver's seat because she must deliver Democratic votes to get it passed in the lower chamber. (In my estimation, Rep. Bill Owens, D-Plattsburgh, is very likely to vote to approve the deal.)

A window into the liberal mindset, which should go a long way to explaining why the bloc in the Senate might buck the agreement.

Local stuff

And here are a few local issues that came our way.

Will there or won't there be any changes to inmate work programs?

Changes are afoot for education programs.

HSBC, meet First Niagara.

Gov. Andrew Cuomo will sign a bill banning chemicals from child care products.

The New York Times' piece on redistricting and what it could mean for
Rep. Ann Marie Buerkle is missing a key ingredient for us north country folk... What does "wiped off the political map" mean? Surely, her area of the world will still have congressional representation, so it confuses me, at least, to say that it will just disappear. What it could mean is, it will be split up among other districts. What the story doesn't tell us is, Which districts? The 23rd, which would include Watertown, mayhaps?

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