Week In The News: Washington In Crisis Over Debt Standoff

45:50

July 29, 2011

Jacki Lyden in for Tom Ashbrook

With Boehner's plan falling short, the debt crisis has dominated the news. Our weekly roundtable goes behind the headlines.

After numerous meetings between congressional leaders from both chambers and the White House, there's still no deal on raising the country's borrowing authority. (AP)

As the trigger is cocked on the debt ceiling deadline, the country holds its breath. Is default really going to happen?

Thursday night House Speaker John Boehner postponed a vote on his debt ceiling bill, which the Senate and White House declare dead-on-arrival anyway.

Still, it was another day in limbo. At a historic moment in national dysfunction amongst the nations leaders, what are the remaining options?

Compromise, ransom, capitulation, or a 14th amendment Hail Mary?

This hour On Point: We explore where we are on a special Week in Review.
-Jacki Lyden
Guests:

Ben Smith, covers national politics for Politico.
Margaret Talev, White House Correspondent for Bloomberg News.
Jack Beatty, On Point news analyst

This program aired on July 29, 2011.