Did Obama "manufacture this crisis?" GOPer thinks so

Sen. Jim DeMint (R-S.C.) said on Thursday that President Obama is playing the "blame game" with the debt crisis and Republicans made a mistake by agreeing to secret meetings with the president.

• Jul 21, 2011
• 1:04

Hoyer pounces on Norquist tax comments to Washington Post

House Minority Leader Steny Hoyer (D-Md.) on Thursday pounced on comments attributed to Grover Norquist in a Washington Post editorial about the Bush tax cuts.

• Jul 21, 2011
• 1:36

Norquist: GOP, Obama trying to solve two different problems

In an interview with CBS News' John Dickerson, Americans for Tax Reform's Grover Norquist stuck to his position on tax cuts and said there has not been compromise on budget issues because Republicans and Democrats "define the problem different ways."

• Jul 21, 2011
• 2:32

Is debt fight between GOP & "cult fringe?"

In what may have been a reference to GOP presidential hopeful Rep. Michele Bachmann, Sen. Tom Harkin (D-Iowa) said Wednesday the real debt debate is between Republicans and its "somewhat cult fringe."

• Jul 20, 2011
• 0:39

Obama holds small, partisan debt meetings

In a change of strategy, President Obama is holding smaller, not bipartisan and staff-free meetings so that there are no leaks. The goal is to reach some sort of broad budget agreement to raise the debt ceiling and still get some meaningful reforms, reports Norah O'Donnell.

• Jul 20, 2011
• 1:05

"Gang of Six" debt solution gaining ground

The new bipartisan plan created by the "Gang of Six," which slashes $3.7 trillion from future deficits, is gaining ground in the Senate. But, as Nancy Cordes reports, the proposal is being met with more skepticism in the House of Representatives.

• Jul 20, 2011
• 2:33

Will Obama accept short-term debt deal?

CBS News chief White House correspondent Norah O'Donnell asked White House Press Secretary Jay Carney Wednesday if President Obama is willing to compromise on a short-term debt deal if it will lead to finalizing a larger deal.

• Jul 20, 2011
• 3:22

Obama: We're moving in right direction on debt

In an interview with Jerry Revish of CBS affiliate WBNS, President Obama said lawmakers are moving in the right direction to raise the debt ceiling.

• Jul 20, 2011
• 1:15

Durbin: Gang of Six plan is the only option

Sen. Dick Durbin (D-Ill.) a member of the President's bipartisan fiscal commission and the Gang of Six, says the the "gang" plan is the only bipartisan plan that will solve the debt crisis.

• Jul 20, 2011
• 0:28

'Gang of six': Can they get it done?

In the latest edition of "Capitol Hotsheet," CBS News' Nancy Cordes and her Capitol Hill team speak to members of the bipartisan "gang of six" and other members of Congress on whether this plan will solve debt issues consuming Congress and the administration.

• Jul 20, 2011
• 3:41

Dem: GOP debt plan "cruel, stupid & dangerous"

During a news conference Wednesday, Sen. Barbara Mikulski (D-Md.) blasted the GOP Cut, Cap and Balance bill.

• Jul 20, 2011
• 1:10

Clock ticking on debt reform plans

The House of Representatives spent most of the day debating a Republican plan to cut trillions of dollars from the federal budget as the "Gang of Six" developed their own plan heralded by a number of senators. Nancy Cordes reports.

• Jul 19, 2011
• 2:43

"Gang of Six" spurs optimism in debt talks

CBS News chief white house correspondent Norah O'Donnell spoke with Bob Schieffer on President Obama's new found optimism in the Gang of Six's comprehensive debt reform plan.

• Jul 19, 2011
• 1:27

War of words over the debt

A rundown of the jabs and counter-punches between Democrats and Republicans over the battle to raise the debt limit

• Jul 18, 2011
• 15 photos

Lawmakers draft contingency plans in debt debate

As the top Democrat and the top Republican in the Senate finalize a plan they call a last resort, House Republicans are holding their own vote on an austere plan they call "cut, cap and balance." Nancy Cordes reports.

• Jul 18, 2011
• 2:06

Poll: Americans angry at debt ceiling compromises

With two weeks left before the August 2 deadline, a new CBS news poll shows Americans are increasingly angry with government leaders and politics as usual. Norah O'Donnell reports.

• Jul 18, 2011
• 2:58

Bernanke warns on debt impasse

Federal Reserve chief Ben Bernanke is warning Congress of a "financial calamity" if the government defaults on its debts. But, as Nancy Cordes reports, some Republican leaders believe it's just scare tactics.

• Jul 13, 2011
• 2:26

Moody's reviewing America's credit rating

The Moody's Corporation announced it will be reviewing America's credit rating "for a possible downgrade" due to the debt ceiling impasse. CBS News senior business correspondent Anthony Mason explains what that means.

• Jul 13, 2011
• 1:03

Reid calls Cantor "childish"

Senate Majority Leader Harry Reid (D-Nev.) says House Majority Leader Eric Cantor (R- Va.) acted childishly during debt limit negotiations.

• Jul 14, 2011
• 0:49

Geithner: "Time's running out" on debt deal

Treasury Secy. Timothy Geithner says there's no way to give Congress more time to solve the escalating debt crisis.

• Jul 14, 2011
• 0:47

Obama: Willing to work with Cantor, all leaders

In an interview with CBS News Philadelphia affiliate KYW's Chris May, President Obama said despite reports of a contentious meeting with House Majority Leader Eric Cantor Wednesday, he is willing to work with him and any leader on solving debt problems.

• Jul 14, 2011
• 2:26

Coburn's $9 trillion deficit reduction plan

Sen. Tom Coburn (R- Okla.) releases a $9 trillion deficit reduction plan that he says will help solve the debt crisis.

• Jul 18, 2011
• 1:22

Obama: Americans back me on debt deal

President Obama says Americans are sold on a debt deal that involves tax hikes and spending cuts.

• Jul 15, 2011
• 1:00

Boehner: Obama has no debt plan, Republicans do

Speaker of the House, Rep. John Boehner (R-Ohio) says President Obama has not presented a plan to solve the debt crisis.

• Jul 15, 2011
• 1:15

Obama still has "hope" for debt deal

President Obama says he is still hopeful that Congress can come to an agreement on a deal to raise the debt ceiling. But, as Chip Reid reports, the president is also considering a Plan B.

• Jul 15, 2011
• 3:01

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