Tuesday July 26, 12 - 1 pm: The Debt Debate

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Midday-Debt Ceiling-7-26-2011.mp3

Congress appears no closer to raising the nation's debt ceiling than it was last week, or in January, for that matter, when the issue first arose. Democrats and Republicans might be further apart now than they were then. After several rounds of negotiations, talks are once again at a standstill as the August 2 date approaches for extending the nation's borrowing limit so that bills can be paid. What's going on, and who's to blame for the mess -- President Obama or the Republican leadership? What's being cut? What taxes are being raised? What are the consequences if no agreement is reached before next week? We'll get reaction to the Monday night televised speeches of President Obama and House Speaker John Boehner. Our guests: C. Fraser Smith, WYPR senior news analyst and Daily Record columnist; Barry Rascovar, WYPR contributor and Gazette columnist, Rep. Chris Van Hollen (D-Md), the ranking Democrat on the House Budget Committee and Rep. Dutch Ruppersberger (D-Md).