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 27th, 2011
08:11 PM ET

Quest: 'World flabbergasted, bewildered'

CNN's Richard Quest explains how the world views the U.S. debt crisis and what to expect from a credit rating reduction.

RELATED STORY: Debt ceiling fight: What a downgrade would mean


Filed under: Debt • Richard Quest
July 27th, 2011
08:10 PM ET

Carney: 'We're running out of time'

CNN's Wolf Blitzer talks to White House Press Secy. Jay Carney about Obama's efforts to reach a debt relief solution.


Filed under: Debt • Interviews • Jay Carney • White House
BLITZER’S BLOG: It’s STILL the economy, stupid
In this December 22, 1995, image, House Speaker Newt Gingrich and President Bill Clinton meet at the White House to reach a compromise that will reopen the U.S. Government.
July 27th, 2011
01:43 PM ET

BLITZER’S BLOG: It’s STILL the economy, stupid

Washington (CNN) - At this point during President Bill Clinton’s first term at the White House, he, too, was facing an enormous challenge from emboldened House Republicans, including the then new Speaker, Newt Gingrich. The Republicans had taken the House majority in 1994 with their Contract with America. There was a huge battle over spending, and the government was shut down for a few days. The American public largely blamed Gingrich and the Republicans. Clinton, the following year, was re-elected.

President Obama is now facing a huge challenge from emboldened House Republicans, including Speaker John Boehner. The stakes this time are much higher if the government actually were to default on its financial obligations.
FULL POST

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Filed under: 2012 election • Debt • Economy • President Obama • Wolf Blitzer
July 27th, 2011
09:08 AM ET

Obama sidelined in debt debate?

CNN's Brianna Keilar reports on President Obama's changing role in debt ceiling negotiations.


Filed under: Brianna Keilar • Debt • President Obama • White House
July 27th, 2011
09:05 AM ET

Extremes controlling U.S. politics?

With a debt crisis looming, are the nation's political extreme's calling the shots in DC? CNN's Jim Acosta reports.

RELATED STORY: The 'big headache': Boehner backed into corner by tea party, Obama


Filed under: Debt • Jim Acosta • Politics • Washington
July 27th, 2011
08:33 AM ET

Racial wealth gap widens

Study finds blacks and Latinos were hit much harder by the recession than whites. CNN's Mary Snow reports.

RELATED STORY: Wealth gaps rise to record highs between whites, blacks and Hispanics

Post by:
Filed under: Economy • Mary Snow • Minorities • Pew
July 27th, 2011
08:16 AM ET

Analysts: Impact of U.S. default unclear

CNN's Lisa Sylvester reports no country as large as the U.S. has ever defaulted on its debt.

RELATED STORY: House delays vote on Boehner plan

Post by:
Filed under: Debt • Lisa Sylvester • World
July 27th, 2011
12:30 AM ET

Mikulski: Mood on Hill is 'toxic'

Sen. Barbara Mikulski supports Sen. Harry Reid's debt relief plan and urges her colleagues to put America first.

RELATED: Debt debate cheat sheet


Filed under: Barbara Mikulski • Debt • Interviews
July 27th, 2011
12:23 AM ET

Jordan opposed to Boehner's plan

Republican Jim Jordan opposes Speaker John Boehner's debt relief plan in favor of the "cut, cap and balance" plan.

TRANSCRIPT

RELATED STORY: The 'big headache': Boehner backed into corner by tea party, Obama


Filed under: Congress • Debt • Interviews • Jim Jordan
July 27th, 2011
12:18 AM ET

Battle to break deadlock in debt talks

White House Sr. Adviser David Plouffe says there must be compromise to make sure the country doesn't default.

RELATED STORY: The 'big headache': Boehner backed into corner by tea party, Obama


Filed under: Debt • Interviews • White House
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