Washington (CNN) - President Barack Obama on Tuesday signed a compromise plan raising the nation's $14.3 trillion debt ceiling, averting what could have been an unprecedented national default.
Obama's signature came hours after the U.S. Senate passed the plan on a 74-26 vote. The U.S. House passed the package a day earlier on a 269-161 vote, overcoming opposition from liberal Democrats and tea party conservatives.FULL STORY
Washington (CNN) – The United States appears to be no closer to raising the debt ceiling than it was in January when the issue arose. In fact, Democrats and Republicans might be further apart now than they were then.
After several rounds of negotiations, talks are once again at a standstill as the August 2 date nears at which the U.S. will bump up against its borrowing limitFULL STORY
Washington (CNN) - Negotiations on raising the debt ceiling, tied to tackling the nation's growing deficit, have officially reached an impasse.
Lawmakers must raise the nation's $14.3 trillion legal borrowing limit soon. The Treasury Department says that on August 2 it will run out of money to pay the nation's bills in full and on time.FULL STORY
Manchester, New Hampshire (CNN) - Seven Republican candidates faced off on Monday in the first debate in New Hampshire, which holds the first primary of the 2012 election.
Michelle Bachmann, Herman Cain, Newt Gingrich, Ron Paul, Tim Pawlenty, Mitt Romney and Rick Santorum addressed issues ranging from the debt ceiling to abortion rights.FULL STORY
(CNN) – CNN will hold the first Republican presidential debate in the critical early voting state of New Hampshire at 8 p.m. ET on Monday.
With the 2012 election a little less than a year and a half away, there are still prominent Republicans who have yet to make a decision on whether they'll make a run for the White House but other contenders have been running for months.
Here's a look at the seven people who will share the stage at Saint Anselm College in Manchester:FULL STORY
Washington (CNN) – From the White House to Congress, lawmakers are hashing it out on how to solve the nation's massive debt crisis - and the negotiations, shall we say, are less than pretty.
President Obama is set to lay out his deficit reduction plan Wednesday night, which is expected to call for rolling back the Bush-era tax cuts for the wealthy, among other things.FULL STORY
(CNN) - President Obama's spending plan is just the first step in a process that will involve no less than 40 congressional committees, 24 subcommittees, countless hearings and a number of floor votes in the House and Senate, with the aim of getting funding in place for the federal government by the beginning of the 2012 fiscal year October 1.
Congress never passed a budget for the current fiscal year, and the government has been running on a "continuing resolution," which expires March 4. House Republicans have thrown down the gauntlet over cuts to current programs and threaten to shut down the government if they don't get their way.FULL STORY
(CNN) - From unrest in Egypt to the 100th anniversary of President Ronald Reagan's birth, here's what you might have missed on the Sunday talk shows:
On what's next for Egypt:
"My own personal opinion is the Mubarak era is over. And the question is how to have a process that really works properly, that allows these various voices to come together and not disagree on some of the tactical aspects." - Former Secretary of State Madeleine Albright, CNN's "State of the Union"
(CNN) - From the political unrest in Egypt to why House Majority Leader John Boehner cries, here are some of the best sound bites from the Sunday morning talk shows:
On Egypt and President Hosni Mubarak's future:
"This is going to be up to the Egyptian people. But let's look at what we have. We have a calendar that already has elections for the next president scheduled, so there is an action-enforcing event that is already on the calendar." - Secretary of State Hillary Clinton, CNN's "State of the Union"FULL STORY
(CNN) - Here are some of the most notable sound bites from the Sunday morning shows:
On President Obama's State of the Union message:
"The American people are expecting him to say something about what he's going to do to fix the economy even more than it has been fixed already, keep it moving forward, and to get the unemployment rate down. That's what they are looking forward to hearing about." - Former Secretary of State Colin Powell, CNN's "State of the Union"FULL STORY