The center can hold. That's at least part of the big-picture takeaway after the House passed a lopsided if 11th-hour debt ceiling and deficit reduction bill by a refreshingly bipartisan margin of 269 to 161.
CNN has invited prominent former leaders and policymakers to offer their advice on the debt crisis standoff in Washington. Here are their thoughts.
If there's no deal on raising the debt limit by August 2, does the President have any options? Mary Snow reports.
Unemployment is over 9%, and set to stay high for the next several years. The economic recovery is stumbling badly. And our political leaders have spent the past few months in heated debate about whether we should pay the bills Congress already agreed to take on.
Let me get this straight. The people who have been preaching the most about the dangers of American decline are right now helping to hasten American decline.
CNN's Dan Lothian reports on the deficit proposal from the so-called Gang of Six and President Obama's reaction to it.
As the clock ticks down to the Aug. 2 deadline to raise the debt ceiling, Big Business is beginning to panic.
The burst of enthusiasm for the "Gang of Six" debt reduction plan as a way out of the debt ceiling crisis has appeared to fade as Democratic and Republican lawmakers studied and found fault with the details of the proposal.
The Gang of Six wants to reform the tax code, something fiscal experts have been recommending for years. A better tax code is good for the economy and can help rein in debt.
There might still be a chance to depolarize the political debate over the debt ceiling and deficit reduction.
The U.S. House on Tuesday night passed the "cut, cap and balance" deficit reduction plan backed by tea party conservatives but dismissed by President Barack Obama, who offered strong praise for another proposal put together by a bipartisan group of senators.
It's hardly a done deal. And there's absolutely no guarantee the no-taxes-ever conservatives in the House will go for it.
President Obama gave a boost Tuesday to a bipartisan Senate plan to slash the nation's debt by about $3.7 trillion over the next ten years.
Members of a bipartisan group of senators who worked for months to forge an agreement to make deep reductions in the federal debt will unveil a plan to slash trillions of dollars off that debt over the next 10 years.
CNN's John King takes a close look at two scenarios for prioritizing federal dollars if the debt ceiling isn't raised.
It took U.S. Sen. Tom Coburn six months to realize the Gang of Six was dead on arrival. It took me 15 minutes.
CNN's Will Cain and former NYT columnist Bob Herbert agree the unemployed need help, but disagree on government's role.
The formal negotiations over the nation's debt have begun.
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