Debt deal: Did Boehner really get '98 percent' of what he wanted?
After weeks of being pummeled and embarrassed by Tea Partiers, the House speaker claims victory for the GOP — and himself
The video: Speaker John Boehner sat down with CBS News' Scott Pelley Monday evening, before the House voted to pass a bipartisan agreement that would raise the debt ceiling, to discuss details of his negotiations with President Obama. (Tuesday afternoon, the bill... More
Is the debt deal a disaster for Obama?
Republicans got just about everything they wanted in the debt deal, while President Obama got very little — at least for now
The debt-ceiling deal hammered out over the weekend "is the lowest moment of Obama's presidency," says Michael Tomasky at The Daily Beast. Echoing many liberals, and even some conservatives, Tomasky argues that by letting Republicans and Tea Partiers have... More
Will the debt deal actually hurt the economy?
Washington might have figured out how to raise the debt ceiling before the government runs out of money. But will that spare Americans new financial pain?
Congress is rushing to pass a compromise deal to raise the debt ceiling and slash the deficit, hoping to get the agreement approved in time to beat tomorrow's deadline. If the effort succeeds, the danger of a government default will disappear, the government will... More
The West Wing's 'witty and wise' debt-ceiling explanation
Aaron Sorkin's acclaimed NBC drama breaks down the concept that's been confounding Congress — in an episode that aired in 2005
The video: Even after Sunday night's welcome news that President Obama and Congressional leaders of both parties have hammered out a deal to raise the U.S. debt ceiling and avoid default, countless Americans still aren't entirely sure what exactly the debt ceiling... More
Debt crisis: Do rogue Republicans want economic 'chaos'?
It seems that some conservatives think financial catastrophe would improve their negotiating position on the debt ceiling
The Dow fell nearly 200 points on Wednesday, as Washington continued to engage in debt-limit dramatics. But the markets' apparent fear that Washington will fail to reach a deal to raise the $14.3 trillion debt ceiling by next week — and preserve the... More
Debt-ceiling showdown: Time for Obama to invoke the 14th amendment?
House Democrats say if Republicans won't agree to a long-term solution to the debt crisis, the president should impose one on his own
A group of House Democrats is urging President Obama to raise the debt ceiling by executive order to keep Republicans from "destroying government." Rep. James Clyburn (D-S.C.), the third-ranking House Democrat, says if the best Congress can offer by the Aug. 2... More
Will Republicans reject their own debt plan?
John Boehner is trying to muster GOP support for his proposal to trim the deficit and raise the debt ceiling, but few are confident he has the votes
House Speaker John Boehner (R-Ohio) is betting heavily on his plan to raise the debt ceiling passing the House. That would give him political and tactical leverage in the increasingly urgent debt negotiations with the Senate Democrats and the White House. If the... More
U.S. default: An impeachable offense?
As Washington's debt ceiling stalemate threatens the American economy, conservative Republicans warn of dire consequences — for President Obama
Rep. Steve King (R-Iowa) took the rhetoric in the debt ceiling debate to a new level on Monday, saying via Twitter that President Obama could be impeached if he lets the U.S. default on its debts. King said there's no reason to even suggest default is a possibility... More
Obama's primetime debt ceiling address: 4 takeaways
The president spoke to the nation Monday night, just a week before the U.S. may run out of money to pay many of its bills. What did we learn?
President Obama gave a 15-minute speech on the debt-ceiling stalemate on Monday night, warning of the economic pain for the U.S. economy and American families if Congress doesn't raise the nation's legal borrowing limit by Aug. 2. House Speaker John Boehner (R... More
Debt ceiling standoff: Time to panic?
Politicians and financial experts are starting to worry that Washington's stalemate is about to trigger a financial meltdown
Stocks around the world were weighed down early Monday as investors grew increasingly worried that congressional leaders and President Obama would not be able to strike a debt deal in time to avert a financial disaster. Talks between President Obama and House Speaker... More
The Aug. 2 debt deadline: How ominous is it?
The Obama administration says America faces catastrophe if Congress doesn't raise the debt ceiling in time. Many Republicans don't believe it
President Obama and Treasury Secretary Timothy Geithner are warning that there will be economic calamity if Congress doesn't strike a deal to raise the $14.3 trillion debt ceiling by Aug. 2, when the federal government will run out of money to meet its financial... More
Can the 'Gang of 6' end the debt fight?
A bipartisan group of senators wins President Obama's endorsement with a plan to cut $3.7 trillion from future deficits. Will it save us from default?
When Sen. Tom Coburn (R-Okla.) pulled out of the Senate's "Gang of 6" in May, the group's goal of creating a bipartisan plan to shrink the federal deficit was given up for dead. But when the staunch fiscal conservative rejoined the gang on Tuesday, and the six... More
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