Aug 03 With Debt Deal Done, Obama Turns to Re-election Campaign President Obama signs the Budget Control Act of 2011 on Tuesday. Photo by Pete Souza/The White House. President Obama took to the Rose Garden on Tuesday afternoon to publicly put the debt and deficit deal behind him and… Continue reading
Aug 02 Senate Passes Debt Deal, Ends Crisis Hours Before Default Updated 4:40 p.m. ET | The White House has released a photo (above) of President Obama signing the debt compromise bill. Photographer Pete Souza has also released more behind-the-scenes images of the negotiations: Updated 2:21 p.m. ET |… Continue reading
Aug 02 No Cylons, No Caprica, But Still Pretty Fracking Cool By Paul Solman Pretty fracking cool, if you'll pardon our Battlestar Galactica reaction to this video from Studio 20 at New York University. Whether or not the method of natural gas extraction known as "fracking" is more costly than beneficial is the… Continue reading
Aug 02 Majority of Americans See ‘Ridiculous’ Process in Washington Rep. John Boehner is surrounded by reporters at the Capitol after the House voted to raise the debt ceiling. Photo by Win McNamee/Getty Images. House Speaker John Boehner got his votes. He passed a debt limit increase… Continue reading
Aug 01 Watch Amid Debt-Ceiling Drama, Interest Rates Have Hardly Followed the Script On Wall Street, stocks initially rallied Monday on the news of a debt-ceiling deal, but a weak report on manufacturing killed the surge. Economics correspondent Paul Solman reports on the financial world's reactions to the drama over a debt deal… Continue watching
Aug 01 Default by Debt Ceiling? ‘Complete Nonsense’ By Paul Solman // Editor's Note: On Monday's NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt-ceiling deal. Turns out the market is reacting… Continue reading
Aug 01 Default by Debt Ceiling? ‘Complete Nonsense’ EmbedVideo(1145, 514, 320); Editor's Note: On Monday's NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt ceiling deal. Turns out the… Continue reading
Aug 01 Watch Default by Debt Ceiling? ‘Complete Nonsense’ Paul Solman reports on how the stock market was reacting to news of the debt ceiling deal… Continue watching
Aug 01 With Debt Ceiling Agreement In Place, Can Leaders Find Enough Votes? It's a new morning in Washington as Congress prepares to vote on extending the debt limit while cutting spending. Photo by Mark Wilson/Getty Images. If members of Congress from both parties and in both chambers follow their leaders,… Continue reading
Jul 31 President Obama Announces Debt Deal 9:25 p.m. ET | President Obama announced Sunday evening that he had reached an agreement with party leaders in Congress that will cut the deficit, raise the debt ceiling and create a bipartisan, bicameral committee of members of… Continue reading