There's More To It

On Thursday, the Federal Election Commission gave comedian Stephen Colbert the OK to form a superPAC. Mark Wilson/Getty Images hide caption

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President Barack Obama discusses the debt limit and federal deficit during a news conference in the East Room of the White House in Washington, June 29, 2011. Carolyn Kaster/ASSOCIATED PRESS hide caption

itoggle caption Carolyn Kaster/ASSOCIATED PRESS