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President Barack Obama speaks in Rose Garden of the White House in Washington, Tuesday, Aug. 2, 2011, after the Senate passed the debt ceiling legislation.

Top Talker: Debt Deal is Done, President Obama moves on to jobs

08/03/11 09:08AM

 After months of negotiations and political rhetoric and just hours before the midnight deadline, Congress passed legislation to raise the nation's $14.3 trillion debt ceiling. The Senate voted to approve the deal, 74 to 26, guaranteeing that the United States will not default on its obligations and allowing it to begin borrowing more money.  Speaking in the Rose Garden just after the vote, President Obama praised Congress for finally passing the compromise deal. read more

Morning Headlines: Wednesday, August 3rd

08/03/11 06:00AM

Here's a look at the stories we're following right now. What are you reading this morning?The president signs the debt billNow it's back to jobsBut this is still going onAnd..you know you wanna see 'em..behind-the-scenes pics of the debt talksWe get to keep our AAA rating but Moody's isn't so excitedHosni Mubarak appears in court on gurneyIf you're in New York, you may see a peacock hanging outReport identifies widespread cyber-spying read more

Ezra Klein on why this is a 'frustrating' deficit deal

08/02/11 11:25AM

Ezra Klein, Washington Post: "What I find incredibly frustrating about the bill is that it manages to not do either thing that we need it to do. It doesn’t do the real, long-term deficit reduction; it kicks almost all those hard decisions down. And at the same time, there’s no unemployment insurance in there, no payroll tax cut in there. There’s no support for an economy, a recovery that is really weak right now. So we could’ve done something that did more now and more later, and instead we’re doing nothing now and not enough later. It’s pretty frustrating." read more

Must Read Op-Eds for August 2, 2011

08/02/11 10:50AM

Here are today's must read opinion and editorial columns.IN DEFENSE OF WASHINGTON (SORT OF)  BY JOE SCARBOROUGHPOLITICOThis week, we are once again reading how this current generation of leaders is the worst we’ve ever had. The mainstream media’s narrative goes something like this: Republicans have never been so evil and the president of the United States has never been so weak. I suppose I would buy into that story line if the press had not said the same thing about my freshman class 15 years ago that they now say about today’s Republicans. read more

In this image from House Television, Rep. Gabrielle Giffords, D-Ariz., appears on the floor of the House of Representatives Monday, Aug. 1, 2011, in Washington. Giffords was on the floor for the first time since her shooting earlier this year,...

Top Talker: Almost a Done Deal...

08/02/11 08:35AM

With just hours to go before tonight's midnight deadline, the Senate is expected to vote at noon today on a deal to raise the nation's debt ceiling. It comes after the House vote last night, where 95 Democrats and 174 Republicans, including Speaker John Boehner,  voted in favor of the bill.   The bill is expected to pass in the Senate with an even higher margin than the House.  Then, it will head to President Obama, where he will sign the legislation into law before the United States defaults on its obligations. read more

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