422. The Debt Ceiling Debacle

WASHINGTON — President Obama repeated his call Saturday morning, for House Republicans to accept a compromise that would allow the federal government to borrow more money, avoiding a potential default on its obligations. But there was no sign of progress toward a deal after the Senate on Friday night quickly rejected a Republican plan that had passed the House only hours earlier. Senate Republicans, meanwhile, were blocking a vote on a rival Democratic plan.
(tags: Political Series, Politics, Barack Obama, Obama, President, Congress, GOP, DNC, Debt, Debt Ceiling, Economy)