August 2011: President Obama (right) and House Speaker John Boehner at the White House as they and other lawmakers worked to head off a government shutdown that loomed.
Jewel Samad /AFP/Getty Images
September 6, 2012 When talks fell part in July 2011, "I was pretty angry," the president tells Bob Woodward. The Washington Post journalist's latest book is coming out next week.
Within minutes after being turned on Monday, the GOP's clock measuring how much the national debt had grown was moving up quickly.
August 27, 2012 Republicans called their convention to order, then quickly went into recess. Tropical storm Isaac has interfered with their schedule. They're not wasting time, though, in hitting what will be a familiar theme: That the national debt is soaring.
August 11, 2011 The 12 members of the Debt "Super Committee" are now official, as House Minority Leader Nancy Pelosi named her three appointees Thursday. She chose Reps. James Clyburn of South Carolina, Xavier Becerra of California, and Chris Van Hollen of Maryland. The special panel must create a plan to shave $1.2 trillion off the federal deficit over the next decade.
May 11, 2011 Sen. Daniel Patrick Moynihan, gave us one of American politics's killer lines: "Everyone is entitled to his own opinion but not his own facts." It's in that spirit that Bloomberg News reports that some of Speaker Boehner's big economic policy speech falls into "his own facts" category.
April 7, 2011 In the first hour of Talk of the Nation, solving the national debt crisis, and a Q&A on a possible government shutdown. In the second hour, the definitive Malcolm X, and Glenn Beck leaving FOX News.
April 5, 2011 In the first hour of Talk of the Nation, sex discrimination in the workplace, and the national debt crisis. In the second hour, the outlook for jobs, and an update on fighting in the Ivory Coast.
February 17, 2011 Interest payments on the national debt are forecast by 2018 to crowd out much of U.S. spending. Experts worry that the deteriorating fiscal situation could drive up the interest rates the U.S. must pay, further worsening the situation.
Treasury Secretary Tim Geithner testifies before the House Budget Committee, March 2009.
J. Scott Applewhite/AP Photo
November 16, 2010 Taming deficits and the debt is difficult because of ideological differences but also complexity. It was easier to send men to the Moon than ending deficits and the debt because we weren't concerned with fairness.
President Obama meets with members of the fiscal responsibility commission, April 27, 2010.
J. Scott Applewhite/AP Photo
November 10, 2010 But a political firestorm is likely; many of the cuts and tax increases would be very unpopular. Among the proposals are cuts to Social Security and Medicare and and end to very popular tax deductions and credits.
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