Dems, GOP battle over war spending

Senate Majority Leader Harry Reid (D-Nev.) on Monday introduced a debt plan that would cut spending by $2.7 trillion.

• Jul 25, 2011
• 1:17

Obama: Neither party "blameless" in debt crisis

During an address to La Raza on Monday, President Obama said both political parties shoulder some of the blame for the country's current debt problem.

• Jul 25, 2011
• 1:29

Obama to Congress: "Where's the jobs bill?"

President Obama addressed the National Council of La Raza, the largest national Latino civil rights and advocacy organization in the United States, on Monday and said he is waiting on Congress to send him a bipartisan jobs bill.

• Jul 25, 2011
• 1:07

Sunday Stir: GOP vs. Dems on debt

With the debt default deadline looming, the White House and the GOP dispatched top members to the Sunday talk shows to argue their positions.

• Jul 25, 2011
• 1:59

Debt ceiling: Clinton reassures Hong Kong investors

Betty Nguyen reports on Secretary of State Hillary Clinton's efforts to reassure foreign markets that a deal will be made in the debt ceiling talks to avoid default.

• Jul 25, 2011
• 0:57

Dems, GOP turn focus to separate debt bills

President Obama is scheduled to meet with top Senate and House Democrats for a separate debt bill. Nancy Cordes reports on the stalemate in negotiations as the Aug. 2 deadline approaches.

• Jul 25, 2011
• 2:47

Impact of debt default on consumers

Bloomberg Businessweek Senior Writer Roben Farzad speaks to Rebecca Jarvis about the possible impact a debt default would have on consumers.

• Jul 25, 2011
• 3:06

Boehner: If no deal with Dems, GOP to release bill

With the Aug. 2 deadline looming, Congressional leaders are scrambling to make a deal. Nancy Cordes reports on the latest of debt talks prior to the opening of the world's financial markets.

• Jul 24, 2011
• 3:00

Norway mourns massacre victims

A nation grieves in the aftermath of bomb and gun violence that claimed scores of lives

• Jul 24, 2011
• 29 photos

Daley: Obama says yes to two-part plan, no short term vote

Bob Schieffer spoke with White House Chief of Staff William Daley on if President Obama would agree to a two-part plan to raise the debt ceiling and reduce the deficit over a longer term.

• Jul 24, 2011
• 6:25

Kyl: Boehner pursuing bipartisan debt deal

Bob Schieffer spoke with Sen. Jon Kyl (R-Ariz.) on Speaker of the House John Boehner's intentions after walking out of negotiations with President Obama over raising the debt ceiling and drafting a plan for a long term reduction of the nation's deficit.

• Jul 24, 2011
• 7:05

Durbin: Boehner ignoring all warnings

Bob Scheiffer spoke with Sen, Richard Durbin (D-Ill.) on if Speaker John Boehner's two-part plan and short-term extension of the debt limit would pass in the Senate.

• Jul 24, 2011
• 4:36

Chambliss: Boehner's 'walk out' a good move

Bob Scheiffer spoke with Sen. Saxby Chambliss (R-Ga.), and Sen. Mark Warner (D-Va.), two members of the Gang of Six, on Speaker Boehner's decision to walk out on the White House's debt deal negotiations and the bipartisan steps needed to convince President Obama to agree on a deal.

• Jul 24, 2011
• 4:38

No "grand bargain," focus turns to stopping default

With a "grand bargain" to cut spending and reform the tax code off the table for now, Congress' focus has switched to finding a way to prevent the government from defaulting, reports Bill Plante.

• Jul 23, 2011
• 2:33

Congressional leaders meet for debt talks

Without President Obama, the four top Congressional leaders met at the office of Speaker Boehner to continue debt negotiations. Nancy Cordes reports on their new goals and whether they can achieve achieve them.

• Jul 23, 2011
• 1:35

Boehner walks away from debt talks

Speaker of the House John Boehner decided to pull out of talks about the debt ceiling with the White House. Nancy Cordes reports on why he walked away and what this means for the financial future of the U.S.

• Jul 22, 2011
• 3:29

Boehner on why he walked away from debt talks

CBS News RAW: During a press conference, House Speaker John Boehner explained why he walked away from negotiations with President Obama over a deal to raise the debt limit.

• Jul 22, 2011
• 5:47

Why did Boehner end debt negotiations?

A vast majority of Americans believe we should have a balanced approached to solving the debt crisis. So, why would Speaker Boehner walk away from debt negotiations? Norah O'Donnell reports.

• Jul 22, 2011
• 1:50

Obama, what programs are you willing to cut?

During a town hall meeting on Friday, President Obama said he's willing to target "worthwhile" programs and take heat from his own party to reach a bipartisan debt deal.

• Jul 22, 2011
• 1:41

Can Obama, GOP possibly reach debt compromise?

CBS News' John Dickerson was joined Friday by National Journal Congressional correspondent Major Garrett and Politico editor-in-chief John Harris for the latest of debt negotiations between President Obama and Democrats and Speaker Boehner and Republicans.

• Jul 22, 2011
• 20:29

Obama: If Lincoln could compromise, so can we

President Obama, on Friday, pointed to "The Great Emancipator" as a symbol of compromise and an example of what Congress can accomplish if both parties are willing to budge on debt deal.

• Jul 22, 2011
• 1:51

Dueling debt plans: Sen. Reid vs. House GOP

Senate Majority Leader Harry Reid (D-Nev.)on Friday moved to kill the GOP's Cut, Cap and Balance plan, but top House Republicans said it's time for Reid to show his own plan.

• Jul 22, 2011
• 1:54

Obama talks how challenging debt negotiations are

During a town hall Friday at the University of Maryland, President Obama said debt negotiations are challenging but he's willing to compromise.

• Jul 22, 2011
• 2:14

Debt deal still up in the air

Despite rumors swirling that President Obama and Speaker Boehner were nearing a compromise on raising the debt ceiling, representatives for both sides denied that was the case. Nancy Cordes reports on the deal that is still up in the air.

• Jul 21, 2011
• 2:48

Is GOP prepared to compromise on debt deal?

CBS News Congressional Correspondent Nancy Cordes asks Speaker John Boehner (R-Ohio) Thursday if he has prepared his party to accept a compromise in the debt deal.

• Jul 21, 2011
• 0:14

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