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CNN's Barbara Starr looks at what's at stake for the U.S. military once lawmakers agree on long-term deficit reduction.
Washington (CNN) - If you liked the debt ceiling debate of recent days, you probably will love the debate that will occur in the days leading up to Thanksgiving this year.
If you hated the current debate, you probably will despise the one coming up in four months.
CNN's Jim Acosta reports on the flurry of Tolkien references John McCain used in challenging tea party congress members.
Washington (CNN) – White House Chief of Staff William Daley is still optimistic that some sort of deficit crisis deal will be worked out by Tuesday’s Treasury-imposed deadline. But he says he’s not so certain about the future of America’s AAA credit rating.
In an exclusive interview with me at the White House, Daley said, “The four leaders of the Congress have said that the debt ceiling will be extended” and he’s “confident that they will come together.”
Many Tea Party activists say fears of a debt ceiling armageddon are overblown and urge GOP lawmakers to hold the line.
CNN's Wolf Blitzer talks to White House Press Secy. Jay Carney about Obama's efforts to reach a debt relief solution.