(CNN) - America will face economic calamity if Congress fails to raise the nation’s debt ceiling and the government defaults on its obligations, White House Communications Director Dan Pfeiffer said Wednesday on CNN's "The Situation Room."
President Barack Obama will meet with congressional leaders on Thursday to discuss a deficit reduction deal that Republicans are linking to their support for increasing how much money the government can borrow.
(CNN) – South Carolina Sen. Jim DeMint – a major booster of the Tea Party movement – is expected to speak with activists about the U.S. budget and the nation's debt ceiling in a "Tele-TownHall" phone conference Wednesday evening.
An email to conservative activists obtained by CNN says DeMint will also discuss the "Cut, Cap & Balance Pledge," a contract that opposes raising the nation's debt ceiling without major spending cuts and a balanced budget amendment.
(CNN) – Might future presidential debates feature candidates that voters can't see, can't hear and who answer questions in 140 characters or less?
While televised presidential debates are far from political extinction, what's certain is that more and more presidential-type forums are making significant use of social media or wholly being broadcast online.
Washington (CNN) – Former President Bill Clinton compared efforts by Republicans to change voting laws across the country to Jim Crow laws and poll taxes that historically disenfranchised African American voters.
Speaking before a group of liberal youth activists Wednesday, Clinton said laws in states like Florida and New Hampshire are aimed at limiting voter turnout and keeping young people from the ballot box.
(CNN)-A day before congressional leaders meet with President Barack Obama to discuss how to raise the debt limit, the number-two House Republican opened the door to possible compromise, saying Wednesday he is open to closing some of the tax "loopholes" that Democrats have been pushing, but only if those items are offset by reducing taxes in other areas.
"If the president wants to talk loopholes, we'll be glad to talk loopholes," House Majority Leader Eric Cantor said at his weekly session with reporters on Capitol Hill.
(CNN) – Democratic officials familiar with the deficit negotiations are now saying that the White House is talking about doing a deal larger than the roughly $2 trillion deal we’ve heard discussed in recent weeks. “The president doesn’t want a small deal that kicks the can down the field,” says an official. One official said he thinks there are leaders in both houses of Congress who want to reach “a significant deficit reduction deal…something big and meaningful.”
Officials on both sides of the aisle say this could be in the range of a $3-4 trillion deal.FULL STORY
Washington (CNN) - Former Massachusetts Gov. Mitt Romney held a major fundraiser Wednesday night at the prestigious Dartmouth House in London, England, where he became the first presidential candidate this political cycle to campaign abroad.
Romney met with British Secretary of State for Defense Liam Fox and former Prime Minister Tony Blair before the fundraiser, said a source familiar with the meetings.
NEW YORK (CNNMoney) - President Obama answered questions about the still-sluggish job market and broader economy in his first-ever Twitter town hall Wednesday.
Sitting at the White House with Twitter Co-founder Jack Dorsey, Obama took questions from Twitter users, or so-called tweeps, and responded via a live webcast online.FULL STORY
WASHINGTON (CNN) - A federal appeals court has issued an order blocking the U.S. military from enforcing its "don't ask, don't tell" policy on gays and lesbians serving in the military. U.S. officials have been moving ahead with dismantling the policy but had objected to having the courts force the government to officially repeal it at this time.
At issue in the complex legal fight is whether "don't ask, don't tell" can remain in effect - even in name only - while the legal fight over its constitutionality is being fought in the federal courts. Judges have been at odds over the enforcement issue for months.FULL STORY