A fourth consecutive day of talks at the White House for a deal to raise the debt ceiling by Aug. 2 ended abruptly Wednesday night, with President Obama walking out on a meeting with congressional leaders. That was hours after the credit-ratings agency Moody's threatened to cut the U.S. credit rating, warning of an increased risk of a government debt default.
Meanwhile, GOP congressional leaders in particular are increasingly at odds with members of their own party in the debt-ceiling debate.
Moody's Investor Services is putting the United States' top-notch credit rating under review for a possible downgrade. The credit ratings agency's action comes as lawmakers continue talks on how to raise the U.S. debt ceiling. Robert Siegel talks to NPR's Jim Zarroli.
Baseball pitching star Roger Clemens, winner of a record seven Cy Young awards, sat silently in federal court on Wednesday, as his trial opened on charges of perjury and obstruction of Congress — charges that carry a maximum penalty of 30 years in prison.
Clemens remained expressionless as the prosecutor, Assistant U.S. Attorney Steven Durham, told the jury that the government had physical proof that the 48-year-old one-time pitching ace had been repeatedly injected with anabolic steroids and human growth hormone.
As the clock ticks down to the Aug. 2 deadline to raise the debt ceiling, Moody's Investor Service became the first of the big-three rating agencies to put the United States' Aaa credit rating on review for possible downgrade.