This Week's Agenda: Crunch Time in Washington

Monday, August 01, 2011

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.

For more on the news for this week, we're speaking with Todd Zwillich, The Takeaway's Washington correspondent, who is reporting from Washington, D.C., and Charlie Herman, business and economics editor for The Takeaway and WNYC.

Guests:

Charlie Herman and Todd Zwillich

Produced by:

David J Fazekas

Comments [3]

Penelope from Pittsburgh

I am revolted by the spectacle of a debt-ceiling kabuki theater and the budget, broken by war and tax breaks for millionaires and huge corporations paying zero in taxes, being supposedly balanced by gutting Medicare, Medicaid and Social Security, the last of which adds zero to the national debt.

Another example of Obama's hopelessly weak leadership in permitting this debacle to take up an entire month of legislative time, and never pointing out that what it really boils down to is a referendum on how this country should organize its economy.

It's plain now that both parties care only about the wealthy elite and not the American people, who need a JOBS PROGRAM not debt ceiling shenanigans used as an excuse to gut the remains of the social safety net.

Cutting spending now and not attending to revenue and jobs will lead to another great depression.

Sickening.

Aug. 01 2011 09:52 AM
Jack from Hollywood, FL

Unfortunately for the American people (whoever we are), it's politics as usual in Washington. Politicians practicing Rule #1 - keeping themselves in office. My one wish is that We the People would wise up and vote all these jokers out of office and elect some real, working "statesmen/stateswomen" who understand the problems facing our country today; who see the needs of the people in correct relation to our ability/responsibility to meet those needs; who understand that "passing the buck" and saddling our future with unmanageable debt is criminal (or should be). If these pols aren't ready to make the hard choices, then lets throw them out and find some real people who can.

Aug. 01 2011 09:19 AM
Dan Bernard from Maine

The deal is something the Right sees as merely another opportunity to run interference for the rich and corporations and to deny working Americans their rights. Sad outcome.

Aug. 01 2011 09:08 AM

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