Fifty mayors from around the country meet in Los Angeles today to urge Congress to reach a deal and prevent economic trouble at the local level

Sen. Kent Conrad of North Dakota says President Obama's proposal to push back the debt ceiling deadline by a few days will not address long-term solutions

To meet Republican objections, the president is floating a plan that would make spending cuts first and tax reforms later

Richard DeKaser, an economist with the Parthenon Group in Boston, explains why he thinks the bipartisan group's 'grand bargain' has the greatest chance at passing.

A new package in the works would not only raise the debt ceiling, but would also take a bite out of the nation's public debt. But could it pass in time for the August 2nd default deadline?

Besides House Minority Leader Nancy Pelosi, there are no women in the leadership of the debt ceiling debates. Congresswoman Susan Davis, a Democrat from California, says that should change.

There are a lot of different debt ceiling plans in progress right now in Washington, but will any get through before the Aug. 2nd deadline?

Chris Low, chief economist with FTN Financial, explains why investors aren't scared of U.S. debt despite real worries of a default.

Jill Schlesinger, editor-at-large at CBS/MoneyWatch, says people are reacting differently to this week's debt talks, and looks ahead to what could happen should politicians fail to settle the debates.

President Obama told lawmakers that "it's decision time" for the ongoing debt talks. But is there an actual deal within reach?