The House of Representatives on Wednesday will take up the matter of What To Do About The Debt Ceiling, trying once again to resolve a crisis-inducing...

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) and other members of Senate Democratic leadership issued a letter to President Barack Obama F...

The most dangerous people involved in the upcoming debt ceiling crisis are the ones who do not believe that breaching the debt ceiling is that big a d...

With a "clean" debt ceiling extension from the Senate, all eyes will again turn to the House. The fiscal cliff vote demonstrated that the mechanism of "letting the House work its will" avoids catastrophe.

Over in the op-ed pages of The New York Times, David Brooks continues his reliable Ahab act, yearning to see some sort of "Grand Bargain" harpooned an...

Great news, America! Some of the dumbest people in the country are leading your nation, according to Speaker of the House John Boehner. "We got so...

How did the Tea Party wing of the Republican Party manage to convince so many Americans that the debt ceiling should not be raised? Voting to increase...

Stimulus -- not spending cuts -- could have created jobs. The wonderful thing about being president is the bully pulpit. But Obama doesn't use it to persuade Americans about much of anything.

Although there wasn't a default in terms of America's payments, there was a gaping, unprecedented, and embarrassing default in our political process, Democratic philosophy, and the social contract of the United States.

Although the debt ceiling imbroglio is finally behind us, D.C. has set the economy up for a painful few years, and without a major change of course, we can expect to see higher unemployment and slower growth in the near future.

If you haven't noticed, this is Mitch McConnell's moment. Only instead of being this century's Henry Clay -- Kentucky's "Great Compromiser" -- McConnell is and wants to be the Bluegrass's "Great Dismantler."

So we won't default -- unless the extremist Tea Party gets its way. But we don't have a long-range fiscal plan, either, whatever the press releases say. Since the plan on the table is horrendous, that's a good thing.

WASHINGTON -- The super committee established under the still-to-be-passed debt ceiling deal has been granted immense powers to make its recommendatio...

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) has tentatively signed off on a deal to raise the nation's debt ceiling, which has been prima...

The partisan standoff over raising the federal debt ceiling could do more than destroy the nation's credit rating and economic health. It could make o...

WASHINGTON — Ending a perilous stalemate, President Barack Obama and congressional leaders announced a historic agreement Sunday night on emerge...

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) may not be pushing the issue publicly, but in private she "clearly" supports President Bar...

What is the relevance of section 4 of the 14th Amendment to the current crisis? What it seems to say is that the government must honor all public debt "authorized by law." This suggests that non-payment of our existing debt is not a constitutionally-permissible option for the president.

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) unveiled a new debt ceiling bill Friday night that strongly resembles a plan first suggested ...

WASHINGTON — White House and congressional negotiators sought on Sunday to reassure the nation that they would beat a Tuesday deadline for averting ...