New Hampshire Republican Senator Kelly Ayotte expressed frustration with the budget stalemate and debt ceiling crisis on “Face The Nation” Sunday morning. Host Bob Schieffer began by asking her where she thinks negotiations are since House Republicans' failed bid to defund Obamacare.
A week into a government shutdown, with a looming debt ceiling crisis, politicians remain rooted in their positions. Many people wonder if we’ve become partisan to a fault, with both sides refusing to contemplate compromise. We’ll look at how we got here and whether we’ve run out of solutions.
As another debt ceiling deadline looms, on top of a government shutdown, we’ll look at what our nation’s defining document, particularly the fourteenth amendment, says about federal debt, as well as the roles of Congress and the President.
With Greece entering its fifth year of recession and dealing with harsh austerity measures imposed as part of a eurozone bailout deal to save it from default, its society is in upheaval. Opinion polls suggest the old political system is collapsing, and extremist parties are gaining popularity ahead of spring elections.
At a recent protest in Athens, a large bronze bell tolled as thousands of policemen in full uniform marched solemnly through the streets. They ominously waved their handcuffs at Parliament, shouting, "Take your bailout plan and get out of here."
The entrance to the Museum of the Olympic Games in Olympia, Greece, is cordoned off last month, after two hooded thieves broke into the museum and made away with more than 70 ancient objects. The stolen loot included chariots, horses and a gold ring that was more than 3,000 years old. Greeks say such sites are vulnerable because of cutbacks that have reduced the number of guards.
People walk past the Bank of Greece headquarters in Athens. Greece toughened its stance to push creditors to accept a debt swap and take heavy losses, just one day before the Thursday deadline for completion of the deal to avert default.
Stock prices rebounded somewhat Wednesday, one day after their biggest sell-off of the year. What caused prices to plunge Tuesday was an all-too-familiar problem: the Greek debt crisis.
European officials have cobbled together a deal to keep Greece from defaulting, and investors all over the world who hold Greek bonds are weighing their options. They're worried about what could happen if they reject the deal.