Debt Limit Debate: Obama and Congress Reach a Deal
Monday, August 01, 2011
President Barack Obama makes a statement about progress with congressional leadership regarding the ongoing debt ceiling talks on July 29, 2011 at the White House.
(Martin H. Simon-Pool/Getty Images/Getty)
David Sanger, chief Washington correspondent for the New York Times, joins Kerry Nolan to discuss the debt-limit deal reached last night between President Barack Obama and the Republican-led House. The deal is easing fears of a default which could have sent the economy into a recession. Sanger says that this same deal could have been made much earlier, and that much of this deal is simply putting off the debate until later.

