Economy

 
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Obama, Congressional leaders reach deal on debt limit, but left sees it as a victory for GOP

President Obama and congressional leaders announced a deal to raise the debt limit Sunday night, but the bill contained no new revenue and no stimulus measures, and was seen by the left as a victory for the GOP.

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Rival debt plans aren’t so far apart, but brinkmanship continues

The rival plans proposed by Boehner and Reid actually have a lot in common. But the two sides are staring each other down, waiting for the other to cave.

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As lawmakers push rival debt plans, only one person is still seeking compromise: Obama

A “grand bargain” would seem impossible at this point, but Obama is still pushing for one. Lawmakers in both parties meanwhile, planned votes on their rival debt plans.

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  Eric Cantor walks a fine line

Need to Know interviews political reporter Jeff Schapiro about Republican Congressman Eric Cantor, who has emerged as a leading opponent of the White Houses attempt to broker a deal on the debt ceiling.

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  Richard Brookhiser on divisions within the Republican party

Need to Know turns to historian and senior editor at the National Review, Richard Brookhiser, for a broader perspective on the recent political machinations in Washington, and the age-old discussion over the size of government.

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Moody’s: You know what? Just scrap the debt limit altogether

The novel proposal suggests that rating agencies would rather the government meet its obligations to creditors than grapple over how much spending to slash.

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  Simon Johnson on Europe’s debt crisis

Simon Johnson, a former chief economist at the International Monetary Fund, talks with host Alison Stewart about how debt on both sides of the Atlantic will shape our economic futures for years to come.

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  Greece’s debt crisis and the age of austerity

How has Greece’s debt created so much turmoil within Europe, and how could this crisis threaten to involve the United States and the world?

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  Rebirth of the Rustbelt: an architect’s perspective

Can cities like Detroit, Cleveland and Youngstown, Ohio, make a comeback? Reed Kroloff, director of Michigan’s Cranbrook Academy of Art, thinks so.