Related Content: deadlock
July 25, 2011
President Barack Obama and House Speaker John Boehner addressed the nation Monday about the approaching debt-limit deadline and the political stalemate between top lawmakers over deficit-reduction proposals. Watch their full remarks plus analysis from Gwen Ifill and Political Editor David Chalian.
President Clinton declared victory when his economic program to lower the federal deficit passed the House Ways and Means Committee in May 1993. But panelist Gloria Borger predicts political deadlock in the Senate between Democrats and Republicans over Clinton’s desired tax hike—the biggest the country had seen in decades—that proposed to raise taxes on the wealthy and increase the Social Security tax.