Congressional Leaders Have Agreed on Debt Plan, Will Vote Monday; How US Cities are Reacting to the Debt Crisis

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Monday, August 01, 2011

This Week's Agenda: Crunch Time in Washington, MTV Turns 30, Mubarak Trial Begins; The Long-Term Political and Economic Impact of the Debt Ceiling Drama; Middle East News Roundup: Syria, Egypt, Libya; Rosa Parks' Essay on Rape Helps Inform Her Career; How Can We Get the Long-Term Unemployed Back to Work?; How US Cities are Reacting to the Debt Crisis; Why Default May Not Be So Bad; Could the US See a Third Political Party by 2012?; 'The 99': Superheroes in the Islamic World

Top of the Hour: The Debt Deal and Congressional Support, Morning Headlines

A deal was finally made between the White House and congressional leaders on the debt crisis. But will the deal get bipartisan support on Capital Hill? Speaker Boehner and Minority Leader Nancy Pelosi are both rallying his weary caucuses to support to plan.  

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This Week's Agenda: Crunch Time in Washington

The August 2 deadline for Congress to agree on a budget deal and avoid defaulting is looming uncomfortably close. Last night, President Obama and Senate Majority leader Harry Reid said tonight that congressional leaders of both parties have agreed on a plan to lift the debt ceiling. They will present the plan to their caucuses this morning, and hope for the measure to pass through votes by both the House and Senate, in order to avoid a U.S. default by August 2.

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The Long-Term Political and Economic Impact of the Debt Ceiling Drama

As Congress arrives at a budget agreement and avoids sending the U.S into default right before the August 2 deadline, we're examining the broader, long-term political and historical impact of the the debt crisis. How will it affect the credibility of the U.S. government? What does it tell us about President Obama, and how will the crisis shape next year's election?

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Crackdown Against Protesters in Syria as the Ramadan Holiday Begins

Syria’s government cracked down on democratic protesters in the city of Hama on Sunday, leaving as many as 130 dead, according to activists there. Tanks and troops entered the city early Sunday morning, in a brutal show of force just as the holy month of Ramadan begins. There’s further tension in the Middle East this week, as Egypt's former President Hosni Mubarak, his two sons and seven associates, will begin trial on Wednesday in Cairo for charges of corruption and ordering the killings of protesters. The trial will be televised. And in Libya, rebel commander Abdel Fattah Younes was shot dead Friday by Islamist-linked militia.

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Rosa Parks' Essay on Rape Sheds Light on Her Legacy

Over the weekend, the AP gained access to a six-page essay handwritten by Rosa Parks, recounting details of a white man attacking and attempting to rape his black housekeeper. It’s unclear whether the story is autobiographical or fictional, but it provides a window into the life of Rosa Parks, a legendary human rights activist who spent years bringing the cases of rape and violence against black women to national attention.

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How Can We Get the Long-Term Unemployed Back to Work?

The U.S. Bureau of Labor Statistics will release the latest unemployment numbers on Friday. In anticipation of what could be discouraging news, we're kicking off a weeklong series about unemployment-related issues. Today we focus on the long-term unemployed. What can be done to get them back in the job market? Our guest says one solution is offering incentives to employers to hire the long-term unemployed over those who already have jobs.

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Top of the Hour: A Vote on Debt Deal Still Pending, Morning Headlines

President Obama announced that there is still "work to be done" with the debt deal. Today, Capital Hill will vote on the proposal as congressional leaders rally their respective caucuses.

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How US Cities are Reacting to the Debt Crisis

The nation's debt crisis has all eyes on the politicians on Capitol Hill. But we wanted to know how the debt crisis is playing out in different cities across the country — what local fears and concerns are, and what people have to say about what's happening in the District of Columbia. We headed to Denver, Colo., Detroit, Mich., and Miami, Fla. to hear what people have to say about the current debt crisis.

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Why Default May Not Be So Bad

While the country anxiously waits to see if lawmakers can raise the debt limit before the August 2 deadline, a few economists and financiers are emphasizing the importance of a long-term financial solution to the deficit, even if that results in a temporary default. They question the lasting effects of a default in terms of investor confidence, citing the reputation and dominance of U.S. currency in financial transactions.

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Could the US See a Third Political Party by 2012?

The American political system has rarely been successful at fostering a third party. In recent history, voters in the ballot booths have mainly conformed to one of two parties: Democrat or Republican. But by 2012, the U.S. may see a centrist third political party, thanks to an Internet-based movement called Americans Elect, which is helmed by Democrats, Republicans and independents who are frustrated with the current two-party system.

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Violence in Libya Rages as Rebel Factions Fight Qaddafi Loyalists

Days after the mysterious death of Libya's top rebel leader, opposition fighters staged an eight-hour gunfight with a group Qaddafi loyalists who were posing as another rebel brigade. Tensions within the rebels ranks suggest that there is not unity among the factions. These developments are are latest in a chaotic, confused, and violent situation. 

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'The 99': Superheroes and Comics in the Islamic World

When times are tough, Americans often turn to comic books. The so-called Golden Age of Comics in the U.S. began with the Great Depression, when out-of-work Americans were desperate for superheroes and role models. Our appetite for Superman and the Green Lantern only grew as Hitler marched across Europe. And Americans aren’t the only ones who need superheroes in difficult times. Our guest for this segment is the author of "The 99," a comic book series published in Kuwait and translated into nine languages. "The 99" follows Islam-inspired superheroes as they fight evil dictators and extremists.

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