Charles Krauthammer: "The winner is the tea party. They have changed the debate in the country. I think they ought to do what George Aiken advocated in the worst of days of the Vietnam war, declare victory and go home. There will be another fight, a year from now. Obama is losing it. And I think that's where the big payoff will be and that's when t

"I am concerned about this because we don't know the details. And until we see the details, we're going to be extremely non-committed but on the surface it looks like a Satan sandwich," Rep. Emanuel Cleaver (D-Missouri) said on MSNBC.

Jim Cramer on "Meet the Press": "We were all hopeful in Wall Street and in Main Street that the president would come out and say a few things which had compromise. He came out and panicked the heck out of us. He talked about the higher interest rates for mortgages, he talked to spiking credit cards, he talked about how hard it's going to be to get

PIMCO's Bill Gross: "I call this Debt Man Walking."

House Minority Leader Nancy Pelosi says the Democratic may not be able to back the new debt deal put into motion by Sen. Reid and the Senate leadership.

"The tea party originally was to bring up -- created by the stimulus, Obamacare and opposition to the huge expansion of government and debt and what we're talking about today. Monopolizing all this discussion is debt and all in of itself is a victory. We are now in the debt era. It will now be central to all political debates. They've gotten quite

"I want to announce that the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default. A default that would have had a devastating effect on our economy. The first part of this agreement will cut about $1 trillion in spending over the next ten years, cuts that both parties had agreed to early

Nobel Prize winning economist Paul Krugman: "The first thing is, we shouldn't even -- from the perspective of a rational person, in other words a progressive on this stuff -- we shouldn't even be talking about spending cuts at all now. We have 9 percent unemployment. These spending cuts are going to worsen unemployment. That's even going to hurt th

MSNBC's Chuck Todd: "The White House says every time they tinker with it a little bit to get Republicans on board they might lose Democrats. There hasn't been a lot of give on either side. It does seem the White House made the decision we're going to lean slightly to try to fine more Republicans votes than Democrat votes."

"Now, let me tell you, there is no relationship between a debt ceiling and spending. The debt ceiling represents funds that have already been committed, that we have an obligation to pay. And we all understand what would happen if we violated the debt ceiling," Maryland Senator Ben Cardin (D) said on the Senate floor on Sunday.

Huffington Post's Howard Fineman says the GOP nominee will have to have a "Sister Souljah moment" with the tea party.

Bill Kristol, Chuck Laynes, Stephen Hayes and Juan Williams.

"Speaker Boehner has been the leader on this of changing Washington. First and foremost now we're cutting. Before we were spending. The president to me has been somewhat -- look, you cannot be the leader of the free world and sit on the sidelines and tweet and think you are going to get the job done," Rep. Kevin McCarthy (R-CA) said on "FOX News Su

George Stephanopoulos, George Will, Paul Krugman, and Grover Norquist.

CNBC’s Jim Cramer talks about the global effect of the debt crisis. Gov. Jennifer Granholm, Rep. Raul Labrador and Tom Brokaw talk about the consequences they see.

"We’ve come a long way. This agreement is likely to encompass up to $3 trillion is spending cuts."

Here is a free tip to the President's aides: How people regard the President will depend on how this crisis comes out. Good policy always trumps bad public relations, and the best PR can't trump bad policy. Whether or not the President is sleeping well won't be a factor in his reelection, that will depend on what he does while he is awake."

Obama senior adviser David Plouffe says there is no deal right. "I think any long-term deficit-reduction is going to include revenues," Plouffe told ABC's "This Week."

Senator. Chuck Schumer says it's premature to talk about specifics of debt ceiling negotiations.