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."
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."
[Updated Saturday at 4:00 p.m. ET]
Our main focus will be on the last minute negotiations to raise the country’s debt ceiling. We'll ask Treasury Secretary Tim Geithner what the White House's next move is.
We’ll also ask Sen. Feinstein about her bill to repeal the Defense of Marriage Act. New York on Sunday becomes the sixth U.S. state to start marrying same-sex couples.
Finally, we caught up with presidential candidate Tim Pawlenty in Iowa. What message does he have for President Obama, and why, with a well-funded campaign and several trips to key states, are his poll numbers still mired in the single digits?
For Congress and President Obama, the clock is ticking and the choice seems clear: compromise on deficit reduction measures and raise the nation’s debt ceiling, or don’t and risk the country defaulting on its obligations.
Then, a discussion with GOP Presidential candidate Rick Santorum. It’s early, but he’s already playing catch up. Can he beat expectations in a key Iowa straw poll next month?
And on the heels of the final Shuttle lift-off, a look at the future of space exploration for the United States.
Personal finance expert Suze Orman talks to Candy about the challenges to achieving the "American dream" today, struggling to save enough money for retirement and giving your children a better life.