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Big Is the New Black

Why the "grand bargain" between Obama and Republicans, left for dead a week ago, is back in play.

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Meanwhile we're 14 days away from the Aug. 2 deadline for default. If anyone else has a deal out there, bring it forward. Surely we're going to move to the winnowing stage soon.

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John Dickerson is Slate's chief political correspondent and author of On Her Trail. He can be reached at slatepolitics@gmail.com. Read his series on the presidency and his series on risk. Follow him on Twitter.

Photo by Win McNamee/Getty Images.