Lake Elmo, MN (CNN)-In her campaign for president, Michele Bachmann touts her background as a small business owner.
"A small business job creator," is how the Minnesota Congresswoman and Republican Presidential candidate described herself in her first campaign ad in Iowa.
WASHINGTON (CNN) – House Majority Leader Eric Cantor said Tuesday that President Barack Obama provided further details of his plans for entitlement reforms at the latest round of deficit reduction talks at the White House.
Cantor said Republicans support what the President laid out in terms of entitlement cuts. However, the Virginia Republican said his GOP colleagues in the House won’t support any tax revenue increases.
Washington (CNN)– A back-up plan proposed by Senate Republican Leader Mitch McConnell that would keep the U.S. government from defaulting on its debts next month is viable and under consideration by Senate Democrats, according to Sen. Dick Durbin, the No. 2 Democrat in the chamber.
“We’re talking about it as one of the options, yes,” Durbin said in response to a question about whether the McConnell plan is viable.
(CNN)- Despite recent public scraps with his own party, former House Speaker Newt Gingrich didn't hold back Tuesday on the subject of Senate Minority Leader Mitch McConnell's debt ceiling plan.
"McConnell's plan is an irresponsible surrender to big government, big deficits and continued overspending," Gingrich tweeted.
Washington (CNN) - 2010 California Republican Senate candidate Carly Fiorina was named the National Republican Senatorial Committee's new vice chair on Tuesday.
"I look forward to working with Carly to elect strong Republican Senators who will finally put a stop to President Obama's failed tax-and-spend agenda, and instead promote the economic growth and job creation Americans so badly need," Committee Chairman, Texas Sen. John Cornyn said in a statement released Tuesday.
(CNN) – Words in Washington are important. President Obama and the Democrats always say that "millionaires and billionaires" can afford to pay higher taxes, especially when spending cuts will impact middle class families and the elderly. Given the nation's high unemployment, House Speaker John Boehner and the Republicans counter by always saying that this is no time to increase taxes on "job creators."
You won't be surprised to find out that politicians on both sides are exaggerating.FULL STORY
(CNN) - Mitt Romney, the frontrunner for the GOP presidential nomination, responded Tuesday to criticism that he has been too quiet during the debt ceiling negotiations, largely reiterating his position in the debate.
"We cannot lose sight of the need to move the President toward meaningful fiscal responsibility," Romney said in a statement to CNN. "A vote on raising the debt ceiling has to be accompanied by a major effort to restructure and reduce the size of government."
(CNN)–GOP Texas Gov. Rick Perry met with former president of Pakistan Pervez Musharraf and tweeted about it Tuesday. "Met with Former President Musharraf for lunch. Had a great discussion," Perry said.
Editor's note: Gloria Borger is a senior political analyst for CNN, appearing regularly on CNN's "The Situation Room," "AC360°," "John King, USA" and "State of the Union."
Washington (CNN) - So all the congressional leaders and the president are locked in a room. They all have one goal: raising the debt ceiling. They all agree it's important. They also agree that it's urgent, because by August 2, the United States will have run out of money to pay its bills.
Washington (CNN) - Senate Republicans offered a politically inspired fallback option to the debt ceiling impasse Tuesday, proposing three short-term increases in the amount the government can borrow while at the same time registering the disapproval of Congress for such a move.
The proposal is certain to be rejected by President Barack Obama and Democrats. Obama said Monday he would reject any short-term extension of the debt ceiling.