Today's Situation Room:

Wolf Blitzer delivers the most important breaking news and political, international, and national security stories of the day. Tune to The Situation Room weekdays 5-7pm ET on CNN.

Wolf Blitzer delivers the most important breaking news and political, international, and national security stories of the day. Tune to The Situation Room weekdays 5-7pm ET on CNN.

July 25th, 2011
07:31 PM ET

How could debt crisis impact you?

CNN's Mary Snow looks at how the debt crisis could impact your investments and how to avoid a personal financial crisis.

RELATED STORY: Boehner, Reid unveil new debt plans as deadline nears

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Filed under: Debt • Mary Snow
July 25th, 2011
07:28 PM ET

Friends of Norway suspect speak out

CNN's Nic Robertson takes a look at how friends describe the man accused of the Norway attacks.

RELATED STORY: Norway terrorist suspect pleads not guilty


Filed under: Crime • Nic Robertson • Norway
July 25th, 2011
07:23 PM ET

Where does U.S. debt come from?

If the budget was a one dollar bill, how would it be broken down? CNN's Tom Foreman crunches the numbers.


Filed under: data wall • Debt • Tom Foreman
July 25th, 2011
07:22 PM ET

Justice Dept. prepares Murdoch subpoenas

CNN's Brian Todd reports on apparent move by Justice Dept. to prepare subpoenas in the U.S. based Murdoch probe.

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Filed under: Brian Todd • Murdoch
July 25th, 2011
07:14 PM ET

U.S. debt issue tarnishing image abroad?

One U.S. diplomat says the debate on raising the debt limit is tarnishing the U.S. image abroad. Jill Dougherty reports.

RELATED STORY: Boehner, Reid unveil new debt plans as deadline nears


Filed under: Debt • Jill Dougherty • World
BLITZER’S BLOG: Too late to resurrect the deal?
July 25th, 2011
01:34 PM ET

BLITZER’S BLOG: Too late to resurrect the deal?

(CNN) - We did learn some intriguing details about the debt ceiling negotiations in recent days. Both President Barack Obama and House Speaker John Boehner were ready to anger their respective bases in order to work out a deal.

To the dismay of many Democrats, President Obama was ready to support cuts in entitlement spending for Social Security, Medicare and Medicaid. He was ready to support what’s called “means testing” – meaning that richer people would have to shell out more for health benefits under Medicare than poorer people. The president is also apparently ready to adopt a new cost-of-living increase formula that effectively would result in reduced Social Security and Medicare benefits. When I interviewed Independent Senator Bernie Sanders of Vermont the other day, he made it clear he hated those proposals.
FULL POST

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Filed under: Debt • President Obama • Speaker John Boehner • Wolf Blitzer