Democrats' debt bill saves less than promised
Congressional Budget Office says Reid's plan would save $2.2 trillion, not the $2.7t claimed; GOP plan also saves less than claimed
Politics
Calif. borrowing $5B ahead of potential debt crisis
California borrowed $5.4B from private investors Tuesday as a hedge against a possible default by the federal government
With tea party revolt, Boehner delays debt vote
House Speaker puts off planned vote on his short-term debt plan after tea partiers revolt; Principled stand may deepen crisis
GOP fiscal hawks embrace pricey pet projects
The very conservative class of GOP freshmen ran on cutting spending, but they still seek expensive pet projects
GOP sen: Callers don't support Obama debt plan
Republican Senator Lamar Alexander says those calling his office are against Obama's plan for raising the debt limit
Congressional phones jammed after Obama's appeal
Phone lines were tied up and congressional websites went down after President Obama urged Americans to contact their representatives about the debt debate
Facing debt stalemate, White House seeks Plan B
Dueling speeches don't seem to move the needle as compromise seems as far away as ever; Obama threatens to veto Boehner's bill
Beck criticized for "Hitler Youth" comparison
Jewish organization hammers Glenn Beck for likening Norway shooting spree victims to "Hitler Youth"
Female senators to Saudi Arabia: Let women drive
Fourteen senators, from both parties, sent a letter to King Abdullah of Saudi Arabia urging him to end ban on women driving
David Wu announces resignation amid sex scandal
Democratic congressman from Oregon announces he will resign amid allegations he engaged in "aggressive and unwanted sexual behavior" with a young woman
Al Gore likens debt ceiling, climate skepticism
Former VP warns against letting "ideological extremists" take control of debt debate, says doubts over consequences similar to climate change skepticism
Is August 2 really the debt D-day?
The White House and the Treasury Department insist the U.S. risks default after August 2, even though the U.S. could potentially pay its bills for at least a few more days
Obama, Biden extend condolences to Norway
In visit to ambassador's residence, president tells Norway "we are all heartbroken" about recent violence in the country
WH: Depression possible if debt limit not raised
Obama aide Dan Pfeiffer tells CBS Radio News U.S. is "seven days away from an unprecedented financial event in this country's history"
Boehner faces uphill fight to pass his debt plan
Several GOP representatives have expressed concerns about key elements of the speaker's newly-unveiled plan to raise the debt limit
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