Wolf Blitzer delivers the most important breaking news and political, international, and national security stories of the day. Tune to The Situation Room weekdays 5-6:30pm ET on CNN.
By CNN’S Wolf Blitzer
(CNN) - It was sort of lost in the headlines, but Democratic members of the so-called super committee proposed some major changes in Social Security, Medicare and Medicaid spending – something Democrats in general strongly oppose.
As part of their effort to revive the failed Barack Obama-John Boehner budget negotiations of earlier this year, the super committee Democrats put forward a $3 trillion package in deficit reduction over the next 10 years.
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) – 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.”
(CNN) – Florida Rep. Debbie Wasserman Schultz admitted Wednesday that fellow Florida Rep. Allen West's e-mail rant was the kind of attack she's never experienced before.
In an interview on CNN's "The Situation Room," Schultz added, "And I was surprised that he sent that to my personal e-mail, an e-mail that he didn't previously have."
But the chairwoman of the Democratic National Committee claimed that West's insult-filled message didn't faze her, instead charging that the real heat is coming from West's own backyard.
(CNN) - It’s hard not to be a bit cynical in watching politics unfold in Washington.
As you know, the Republicans are all lined up resisting any effort to simply pass an increase in the nation’s debt ceiling with a straight up-or-down vote. They insist on large-scale spending cuts.
Washington (CNN) - At the heart of the contentious talks between the White House and congressional Republicans on whether to raise the debt ceiling is a simple, one-sentence document many conservative lawmakers have signed, pledging not to increase taxes.
(CNN) - I think President Obama and the Democratic and Republican leaders with whom he’s been negotiating an increase in the nation’s debt ceiling all fully appreciate the stakes. Based on everything that I’m hearing, they are all convinced that the consequences of failure would be a huge disaster for the U.S. economy and the American people. It probably would make the 2008-09 recession look like child’s play.