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GOP's surrender on debt ceiling
Questioning the debt limit vote with our State of the Union panelists, Margie Omero, Kevin Madden, and Corey Dade.
Lew: Congress is playing with fire
Treasury Secretary Jack Lew tells CNN's Candy Crowley that "Congress is playing with fire."
Lew: U.S. needs to pay its bills
Jack Lew talks to CNN's Candy Crowley about the importance of raising the debt ceiling so Congress can pay its bills. Lew tells Candy that defaulting on the debt ceiling is like saying "I ran up my credit card and I decided not to pay it."
Cruz: Debt ceiling is the best leverage
Texas Senator Ted Cruz (R) said Sunday that while he doesn’t believe the United States will default on its debt come October 17th, the looming deadline does give Republicans an opportunity to negotiate with the president on ObamaCare.
In an exclusive interview with Candy Crowley on State of the Union, Cruz said that, historically, raising the debt ceiling has been used as leverage in dealings with presidents, a tactic he believes his party will – and should – use again.
“We should look for three things,” he said. “Number one, we should look for some significant structural plan and reduce government spending. Number two, we should avoid new taxes. And number, we should look for ways to mitigate the harms from Obamacare.”
Recapping a tough week for Congress
Anita Dunn and Fmr. Rep. Tom Davis debate who, if anyone, comes out ahead after an ugly week in politics.
Zandi heaps praise on possible plan
Mark Zandi, chief economist for Moody's Analytics, says he thinks the deal being discussed 'should avoid' a downgrade.
WH budget chief says no new revenue
White House economic adviser Gene Sperling says any deal to raise the debt ceiling will not bring in new revenue. "Nobody is talking about raising any revenues over the next year and a half. [Obama] has been pushing very hard to cut taxes with the payroll tax cut extension for next year."
Schumer: No deal, but 'relief'
Democratic Sen. Chuck Schumer sounded optimistic Sunday morning about a deal that would avert a fiscal crisis. "If there's a word that would right here that would sum up the mood, it would be relief. ... there is no final agreement... but default is far less of a possibility now than it was even a day ago."
McConnell: $3 trillion in cuts on table
Senate Majority Leader Mitch McConnell outlined the deal that's being discussed to raise the debt ceiling. "I'm very close to being able to recommend to my members that we have an agreement here that I'll be able to consider supporting."
About This Show
From the country’s major political and policy issues to diplomacy on the global stage, State of the Union with Candy Crowley brings in the world’s top newsmakers and analysts to deliver the smartest, most comprehensive look at what matters most to you. Sundays at 9am and Noon ET.
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