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The debt ceiling rap

07/26/11 07:41PM

A rap on the debt ceiling — it exists! ReasonTV, the group behind the music video, wrote in a YouTube post, "we may not be able to address our current debt ceiling woes, but we can at least put them to a good beat." The video urges Congress to "make it rain" and "raise da debt ceiling!" It's no Kanye. Those are... read more

Rep. David Wu (file)

Congressman Wu steps down

07/26/11 06:05PM

After growing calls for his resignation, Democratic Rep. David Wu announced today he will leave office. The Oregon Congressman has been accused of having an unwanted sexual encounter with an 18-year-old, who was the daughter of one of his friends."With great sadness, I therefore intend to resign effective upon the resolution of the debt... read more

Data Source: Congressional Research Service and news reports

Brief history of debt ceiling increases

07/26/11 04:06PM

National Journal put together a cool graphic a few months ago, illustrating the history of debt ceiling increases. It's not a new thing in Washington. Congress has raised the debt limit 10 times in the past 10 years. What is new, as Lawrence brought up again in last night's rolling coverage, is the fierce debate to raise it. read more

First Word: July 26, 2011

07/26/11 03:21PM

A look at headlines shaping tonight's rundown.Speaker John Boehner presses debt plan opposed by Democrats, IMF urges debt-limit increaseHouse sites, phones inundated after President Obama's call to reach out on debtA fired up Nancy Pelosi tears into GOP deficit planEric Cantor to GOP: Quit whining and voteWealth gap between whites,... read more

Watch the dueling debt speeches

07/25/11 10:54PM

President Obama addressed the nation from the White House regarding ongoing debt ceiling negotiations between Democrats and Republicans. He called for an end to the stalemate, and urged immediate action. "The American people may have voted for divided government, but they didn't vote for a dysfunctional government," the president... read more

What were they thinking on debt?

What were they thinking on debt?

07/25/11 08:00PM

Raising the debt ceiling used to be a non-controversial Washington routine. But this year, Washington has used the debt ceiling to create a new phenomenon in our politics. Elizabeth Drew, a contributor to The New York Review of Books, joins The Last Word. watch

Unchartered territory in debt debate

Unchartered territory in debt debate

07/25/11 08:00PM

The Republican debt plan would keep the fight over the debt limit going into the next year, affecting the economy and the President's re-election campaign. Jared Bernstein, the former chief economist to Vice President Biden, joins The Last Word. watch


About The Last Word with Lawrence O'Donnell

Lawrence O’Donnell brings his extraordinary background in politics and entertainment to “The Last Word with Lawrence O’Donnell,” airing weeknights on MSNBC. Drawing upon his experience as a former chief of staff on the Senate Finance Committee and as an Emmy-winning executive producer and writer of “The West Wing,” O’Donnell gives the last word and rewrites the most compelling stories of the day.

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