Republican presidential candidate Rep. Michele Bachmann, R-Minn., holds up a newspaper saying that she won the GOP Straw Poll as she speaks at the Black Hawk County Republican Party Lincoln Day Dinner in Waterloo, Iowa, Sunday, Aug. 14, 2011.
President Obama announced a deal Sunday with Republican and Democratic leaders that would reduce the deficit and avoid default. The deal needs congressional approval.
Jewel Samad/AFP/Getty Images
Senate Majority Leader Harry Reid of Nevada (center), accompanied by Sen. Charles Schumer, D-N.Y. (left), tells reporters that he is moving ahead with a Democratic plan to trim the deficit and avert a debilitating default on Friday.
J. Scott Applewhite/AP