President Barack Obama and House Speaker John Boehner of Ohio, take part in a meeting in the Cabinet Room of the White House.
With the full faith and credit of the United States on the line, President Obama will make his case to the American people in a prime-time address to the nation. Earlier today, House and Senate leaders each formally presented their plans to raise the debt ceiling in time to avoid the Aug. 2 deadline by which if a deal is not reached, the country would default on its debt for the first time in history.
President Obama will speak at 9 p.m. ET. Two minutes after his speech, Speaker Boehner will give his own address. We will blog both of them live, so hit refresh often.
The Federal Aviation Administration has stopped work on air travel infrastructure projects across the United States after Congress failed to pass legislation re-authorizing federal ticket taxes. The taxes fund the building airport facilities such as control towers and runways.
The FAA issued a statement Monday saying, in part, that the halt in work would end up costing the government more money in the long run:
In this Oct. 2, 2010 file photo provided by the Willamette Week newspaper, Rep. David Wu wears a tiger costume in Portland, Ore.
In the wake of allegations that Rep. David Wu (D-Ore.) engaged in unwanted sexual activity with the teenage daughter of a donor, Democratic leaders in the House quickly called for an ethics investigation. Others called for Wu's immediate resignation from office. On Monday there were reports that Wu would not seek re-election, but would not resign either.
In case you were wondering if and when President Obama would make a prime time speech from the White House to argue his case on the debt ceiling, wonder no more. The White House announced the president is scheduled to speak to the nation at 9 pm eastern time Monday from the East Room.
Earlier Monday, it was reported that the White House had cancelled two planned appearances by the president at campaign fundraisers because of the debt ceiling crisis. Now we know that the president had more in mind than working the phones.
The Stockholm production trio Teddybears aren't really a band as that term is usually employed. They rarely play live and prefer to hire more personable performers to front their tracks. In the past, they've been known for mild, electronically treated vocals on mild, electronically treated dance songs. But on their newly released album, Devil's Music, they like things much livelier.