President Obama and Congress reached a deal on raising the debt ceiling today, averting a potential debt default just hours ahead of midnight deadline.
The framework for the deal, which was announced on Sunday by Congressional leaders, raises the debt ceiling in two stages - an initial $1 trillion now to stave off the threat of immediate default, and a second, $1.4 trillion to be proposed by a newly created congressional committee that would have to agree upon cuts.
David Sanger, chief Washington correspondent for the New York Times, joins Kerry Nolan to discuss the debt-limit deal reached last night between President Barack Obama and the Republican-led House.
The House on Friday approved the plan put forward by House Speaker John Boehner to raise the debt-ceiling. The two-stage plan called for $3 trillion in cuts to government spending in order to lift the $14.3 trillion debt ceiling by August 2, and another vote on the issue toward the end of 2012.
—Bob Turner, Republican candidate in the September 13 special election, talks about his run as the Republican candidate to replace Anthony Weiner as Representative for New York's 9th Congressional district., on The Brian Lehrer Show.
Democratic Congressman David Wu of Oregon will resign immediately following the debt ceiling debate, the Oregonian is reporting.
— Beth Kobliner, financial journalist, author of Get a Financial Life: Personal Finance in Your Twenties and Thirties, and member of the President’s Advisory Council on Financial Capability, on The Brian Lehrer Show.
— New Jersey Senate president Stephen Sweeney, on The Brian Lehrer Show.
Longtime couple Erika Karp and her wife, Sari Kessler, were among the first same-sex couples to be wed on Sunday as hundreds lined up outside the Manhattan clerk's office to get their marriage license on the first day gay marriage became legal in New York.
PHOTOS. Hundreds of same-sex couples in New York were expected to wed by the end of Sunday — the first day gay marriage became legal in the state. In New York City, happy couples lined up outside the clerk's office in Lower Manhattan.
— Alex Colvin, associate professor of Labor Relations and Conflict Resolution at Cornell University, on The Brian Lehrer Show.
— New York City Schools Chancellor Dennis Walcott, on The Brian Lehrer Show.
Governor Andrew Cuomo has made clear that clerks who do not wish to perform same-sex marriages should find other work. This Sunday, when same-sex couples statewide line up for the first day, clerks will perform the service that they were elected to do.
"You don't get to say, 'I like this law and I'll enforce this law, or I don't like this law and I won't enforce this law'—you can't do that.” Cuomo stated. “If you can't enforce the law, then you shouldn't be in that position."
— Jeremy Ben-Ami, executive director of J Street and JStreetPAC and the author of A New Voice for Israel: Fighting for the Survival of the Jewish Nation, on The Brian Lehrer Show.
Rupert Murdoch clearly has had tremendous political influence in Europe, but here in the United States politicians have not been immune to his power either.