President Obama reportedly will try to significantly widen the scope of the budget deal to include more deficit reductions and reforms at a bipartisan meeting today (New York Times)

The cuts Obama will propose could include Social Security (CBS)

Treasury officials are secretly researching how to extend debt issuance suspension past August 2nd without roiling markets (Politico)

Facebook claims it has 750 million users (USA Today)

Obama fields John Boehner’s question at yesterday’s town hall:

London Honors Reagan by R. Emmett Tyrrell, Jr.: The July 4 unveiling of a Ronald Reagan statue in Grosvenor Square brought out a crowd of luminaries — including our very own editor in chief.

American Justice, by George Neumayr: A bad week for prosecutors.

ObamaCare and Kagan’s Conflict of Interest, by David Catron: Will Justice Kagan do the honorable thing when the PPACA cases reach SCOTUS?

Florida Campaign Update, by Larry Thornberry: A tip to presidential candidates targeting the Sunshine State: start attacking vulnerable local leaders — like Florida senator Bill Nelson.

The Obama Car, by Eric Peters: Obama’s auto-industry regulations are taking us full-steam into the future — to a world without affordable cars.

Mourning the Fourth of July, by Mark Tooley: According to some liberal Christians, America’s War of Independence was unjust, and July 4 is no cause for celebration. 

Update: day of week corrected.