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In Pictures: Who's who in the US debt crisis

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Economist Mom
Elmo's solution to the budget crisis: Play dates

A bipartisan solution to the budget problem will require basic listening and engagement–the same things required for children to play well together
Economist Mom
The US fiscal situation can be solved

Our deficits are still being sustained at the moment, and U.S. Treasury bonds are a safe investment. But the nation must address the gap between spending and revenues to avoid a full-blown crisis.
Saudi Arabia refrains from fingering Iran in alleged assassination plot

The US continues to ratchet up pressure on Iran over an alleged assassination plot against the Saudi ambassador to the US. But Saudi Arabia Wednesday said it was working to determine who was responsible.
Obama's deficit plan is just the first for 'super committee' to consider (video)

President Obama’s plan to cut the deficit by some $3 trillion faces robust competition in a Congress already awash in competing principles to get America back to a sustainable path.
In Pictures: Who's who in the US debt crisis
'Gang of Six' plan hailed as debt-ceiling breakthrough. What's in it?

The proposal by the 'Gang of Six' senators Tuesday draws on ideas from the deficit commission. The middle-of-the-road plan will have to overcome partisan concerns and a lack of time.
'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

President Obama's hopes for a 'grand bargain' both to raise the debt ceiling and rein in the deficit got a boost Tuesday when the Senate's 'Gang of Six' proposed $3.7 trillion in deficit reductions.
Economist Mom
Why we need the (well-mannered) Gang of Six

Beyond the potential for political progress, the Gang of Six has something else to offer America and the rest of Capitol Hill: good manners.
The bin Laden effect: How the Al Qaeda leader changed America

In life, Osama bin Laden made a huge impact on the US, all in the name of preventing another 9/11. If he and Al Qaeda fueled antagonism between the US and the Muslim world, they also pushed America toward a better understanding of the Middle East.
US won't release bin Laden photo: 'We're not interested in ... trophies.'

Concerns that release of a 'gruesome' bin Laden photo could spark a backlash in the Muslim world won out over a desire to defuse conspiracy theories that Al Qaeda's leader was still alive.
Terrorism & Security
Obama doubles down on refusal to release bin Laden photos

The White House seems to have decided that satisfying skeptics is not worth the risk of releasing 'gruesome' photos of Osama bin Laden, which could enrage radicals.
In Senate, 2012 federal budget drama could take bipartisan turn

The House passed its federal budget bill Friday on a near party-line vote, but both the Senate and the president are working hard to forge a bipartisan alternative.
Tax VOX
Conrad makes a case against tax subsidies

Senate Budget Committee Chairman Kent Conrad is an important player in tax reform.
Budget wranglers find 'entitlement cuts' and 'tax hikes' still dirty words

'Gang of Six' deficit-cutting negotiators in the Senate are mum after rumors of entitlement cuts and tax code reform nearly derailed talks. Still, a short-term budget accord this week did manage to avert a government shutdown.
Tax VOX
Little rebellions against party orthodoxy

A few Republicans and Democrats are turning away from their party's ideology. Can this lead to a bipartisan budget deal?
Video: Backroom bipartisan talks 'positive,' says Obama budget director

Jacob Lew responded Thursday to a report that some senators are working on legislation that would trigger tax hikes and spending cuts if Congress fails to live within spending targets.
Behind closed doors, bipartisan bids to break budget impasse

The words of Republican and Democratic leadership on Capitol Hill suggest Congress is headed for a government shutdown over budget issues. But several bipartisan groups of rank-and-file senators are seeking to find a solution.
Tax incentives, tax cuts on Geithner's agenda

Tax incentives, lower corporate taxes, and tax simplification will be subjects that Treasury Secretary Geithner and corporate executives talk about Friday.
After Arizona shooting, how can Congress heal the division? Break bread together.

The shooting of Gabrielle Giffords (D) and bystanders in Arizona seems to be the worst symptom of the division and disdain that dominate politics. There was a time when members of Congress not only reached across the aisle, but shared meals together. They must commit to break bread together again – to heal the wounds in DC, and set an example for a grieving nation.
Deficit reduction: Why it may not be dead despite the costly tax cut deal

The tax cut deal that President Obama signed Friday costs $858 billion, making the cause of deficit reduction that much more challenging. But deficit hawks still see some hopeful signs.
Sarah Palin and Bill Clinton face off in Georgia governor endorsements

Sarah Palin and Bill Clinton are shaking up Georgia's race for governor, offering endorsements ahead of the July 20 primary.
Robert Reich
Want real financial reform for Wall Street? Do this.

Senator Lincoln wants to stop big banks' risky derivative trades from being subsidized by taxpayers. Here's how to keep her measure in the financial reform bill.
Robert Reich
Lincoln to the rescue: Shaking up the derivative business

Arkansas Senator Blanche Lincoln wants to force banks to put their derivatives into separate entities that aren’t subsidized by the general public. Considering such a change would cut dramatically into big banks’ profits, does she stand a chance?
Top Pentagon brass endorse ending 'don't ask, don't tell'

The Pentagon will undertake a year-long review of the 'don't ask, don't tell' law that bars gays from serving openly. A separate 45-day review will look to halting discharges of service members outed to by a third party.
Senate cuts F-22 funding: a win for Obama and Gates

Proponents of the plane had argued for preserving jobs in the name of national security.