* The latest debt ceiling meeting between Obama and Congressional leaders just wrapped up, and a Dem source emails:

“Cantor didn’t say a word the whole meeting.”

I’ll update with the GOP readout when I get it. (Update: A second Dem source has now confirmed this.)

* Yep, momentum is building behind Mitch McConnell’s escape hatch debt ceiling proposal.

* Concession of the day, from GOP Senator Bob Corker:

“Maybe the debt ceiling was the wrong place to pick a fight, as it related to trying to get our country’s house in order. Maybe that was the wrong place to do it.”

* Obama reality check of the day: John Sides has the political scientist’s view on why Obama may still get the blame if we default and the economy craters.

* E.J. Dionne, on the GOP’s strategic hole:

Republicans are in disarray. They’re divided among those who know Boehner was right, those like McConnell who want to get out of the debt-limit mess altogether, and the troika now running Republican House strategy (Cantor, Ryan and Rep. Kevin McCarthy), which needs something to show for having brought the country to the brink.

* As Steve Benen keeps tirelessly pointing out, the Republican Fed chairman continues to warn that deep spending cuts right now risk harming the recovery.

Why isn’t this bigger news?

* The FBI launches a probe into allegations that Rupert Murdoch’s reporters hacked the phones of 9/11 victims. Rudy? You there?

* David Frum:

Isn’t it conceivable that Obama’s real end-game in these budget talks is to destroy Republican presidential fundraising for 2012 by goading congressional Republicans in 2011 into appearing maximally reckless and irresponsible?

Yup. In fact, using the debt ceiling to drive a wedge between the Tea Party and the GOP’s big business backers has openly been the Dem strategy for weeks.

* The White House knocks down claims Obama stormed out of yesterday’s debt meeting.

* Pat Caddell, the GOP’s favorite Democrat, lashes out wildly at perfectly accurate criticism of his comically bogus poll on Jewish support for Obama, which even conservative bloggers have admitted is a joke.

* And Mitt Romney finally hits on a way to straddle the gap between reality and the Tea Party on the debt ceiling.

What else is going on?

UPDATE: Link in second item fixed.