Just weeks before Rep. Michele Bachmann called for the end of Fannie Mae and Freddie Mac, she took out a federally subsidized home loan backed by the mortgage giant. Mother Jones’ David Corn and The Daily Beast’s Michelle Goldberg discuss. watch
The debt ceiling negotiations are looking more and more like a political game of chicken—but this endgame has huge real-world consequences. After the Congressional Budget Office made it known that Speaker Boehner’s plan won’t decrease the debt as much as he intended, the Speaker is back to the drawing board and adamantly appealing to members of... read more
Let me finish tonight with this dreadful, dispiriting, debasing, dueling diatribe over the debt.Both sides now have the other pegged. It's why the Spanish don't allow the fighting bull to be fought a second time. He now knows the matador as well as the matador knows "him." You no longer hear the "Ole's"... read more
Sideshow: As the debt ceiling debate continues to consume both Congress and the White House – the Republican rhetoric against the White House is now mimicking President Barack Obama’s accusations against them. watch
Showdown! In dueling press conferences last night, President Obama and House Speaker Boehner made their cases to the American public—and appeared as far apart as ever on a potential debt deal. Now, exactly one week from the deadline, the plans being considered include no new taxes, no new spending, and possibly even a short-term deal. So haven’t... read more
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