Washington (CNN) - A campaign official for President Barack Obama tells CNN the president has cancelled two political fundraising appearances Monday night because of the debt ceiling situation.
The president’s week-ahead schedule, released Friday night, stated he was to attend two Democratic National Committee events in Washington Monday evening. But the events were not listed on a schedule released Sunday night.
(CNN) - After expectations were raised of a possible deal earlier Sunday, weekend talks to resolve the nation's debt-ceiling crisis appeared to reach a new stalemate as the sides pursued separate plans.
"We've hit an impasse," said a top Democratic official close to the debt talks. "We're trying but there's just no bend on their part."FULL STORY
NEW YORK (CNNMoney) - The day started with congressional leaders trying to resolve the dangerous impasse over the debt ceiling - and calm any anxiety markets may have when they reopened Monday.
It ended in a continuing impasse, with each party sketching out their own plans and showing little common ground.FULL STORY
(CNN) - 2012 Republican presidential candidates are traveling this week, mostly in early presidential-contest states. Here's a look at where they're headed:
– Rep. Michele Bachmann of Minnesota: Manchester and Maquoketa, Iowa: Rally and town hall meeting
– Former House Speaker Newt Gingrich: Manchester, New Hampshire and Lexington, Massachusetts: Meets with workers at a company and screens his documentary
– Rep. Ron Paul of Texas: Ames and Cedar Rapids, Iowa: Holds campaign events
– Former Minnesota Gov. Tim Pawlenty: Davenport, Muscatine and Mouth Pleasant, Iowa: Holds town halls and attends a hog roast party fundraiser
Washington (CNN) - A Senate Democratic aide tells CNN that “despite multiple offers from our side, the speaker has so far been unwilling to agree to any form of a two-step solution that President Obama would sign.”
And while talks continue, the aide said, Senate Majority Leader Harry Reid, D-Nevada, is “working on a proposal of at least $2.5 trillion in debt reduction” and may inform his caucus about that plan Sunday night.
(CNN) – As Congressional staffs worked through the weekend to try to reach a deal to avoid an unprecedented default, CNN Congressional Producer Ted Barrett forwarded this sighting:
David Krone, chief of staff for Senate Majority Leader Harry Reid, passed through the Capitol Sunday dressed casually in khakis, a blue button down shirt and loafers without socks. He walked from his office to House Speaker John Boehner's carrying a single piece of paper. When asked if the page contained the "final deal," he laughed lightly and said he is trying to do whatever it takes to get a deal.
(CNN) - After repeated attacks on her record from Republican presidential rival and fellow Minnesotan Tim Pawlenty, Michele Bachmann hit back Sunday, vehemently contrasting her record in Congress with his as governor.
Bachmann said that while she was working against excessive spending, cap and trade, TARP and the individual health care mandate, Pawlenty was praising the same plans and leaving his state with a budget crisis.
Washington (CNN) - Making her case for the repeal of the Defense of Marriage Act, Sen. Dianne Feinstein said Sunday that Americans are now more open to homosexuality.
"As time goes on, what I find is more and more people have gay friends, they have gay relatives," Feinstein said on CNN's "State of the Union." "People are much more forward with their thinking about this now. I think they're much more open to it."
Washington (CNN) - House Speaker John Boehner said Sunday that his last offer to the White House remains on the table despite his weekend decision to break off talks over a deal to raise the federal debt ceiling.
Boehner told "Fox News Sunday" that his previous offer included $800 billion in projected new federal revenue over 10 years from a "fairer, flatter" tax code, not higher tax rates. But the talks broke down last week when President Barack Obama and congressional Democrats resisted "real cuts in spending," according to Boehner, R-Ohio.FULL STORY
Washington (CNN) - Sen. Dianne Feinstein said a deal to raise the debt ceiling is being held hostage by Republican politics, but that she can envision an agreement in the Senate to prevent default.
The California Democrat said on Sunday there are currently 39 senators who support the so-called “Gang of Six proposal” put forward by three Democrats and three Republicans that would include a combination of spending cuts and revenues to reduce mounting budget deficits and bring Republican support to raise the limit on how much money the government can borrow.