Aug. 6: Texas Governor Rick Perry (R) speaks to a crowd gathered, Saturday, at Houston's Reliant Stadium for a Christian event dubbed "The Response."

Former head of the Council of Economic Advisers under President Obama and chief architect of the stimulus bill Christina Romer reacts to the news that Standard & Poor's downgraded the U.S. credit rating from AAA to AA+. Romer tells HBO's Bill Maher that she knew the debt problem was an "abysmal" one but felt it was one issue that could be sideli

"This week, Congress reached an agreement that’s going to allow us to make some progress in reducing our nation’s budget deficit. And through this compromise, both parties are going to have to work together on a larger plan to get our nation’s finances in order. That’s important. We’ve got to make sure that Washington lives within its m

"Hello, I’m Congressman Michael Grimm from the great state of New York, proudly representing Staten Island and parts of Brooklyn. After serving my country in combat with the United States Marine Corps and deep undercover with the FBI, I decided to go out on my own and start a small business. I’ve seen firsthand how politicians and bureaucra

TX Gov. Rick Perry: God's agenda is not a political agenda, but a salvation agenda.

"It does feels like one of those relationships where you just had a giant fight and said so many nasty things that you know that you're never going to get back together. You'll stay together, you'll stay together cause you don't want to be a lone and who you going to date, Mitt Romney," Bill Maher said to his panel consisting of two liberals nad on

This is from Joan's Friday evening appearance on HBO's "Real Time" with Bill Maher: WALSH: "I also feel that part of our political problem right now is now is that people who talk about and make decisions, people like us, are so cut off from the lives of the average Americans who are not going to fancy restaurants, who are not being

Bachmann: "This President has destroyed the credit rating of the United States through failed economic policies and his inability to control government spending by once again raising the debt ceiling. "We were warned by all the credit agencies that a failure to deal without the debt would lead to this downgrade in our credit rating. Instead, the

They have been overvaluing private debt and undervaluing public debt, Rep. Barney Frank (D-MA) said. Frank says the interest rate people pay should not depend on whether the U.S. government defaults or not. Maddow contends this downgrade is an "indictment" on the political process of the United States.

Charles Krauthammer says no matter who is appointed to the bipartisan, bicameral committee, the outcome will be a so-called "Grand Bargain" which will bring $800 billion in new taxes, something that at one point was put on the table by Speaker Boehner. Krauthammer writes about the "Grand Bargain" in his

"No risk of that, no risk," Secretary of Treasury Tim Geithner said on the Fox Business Network in April. (source The Hill)

The U.S. government claims Standard & Poor's overcounted the U.S. debt by over $2 trillion when they made the decision to downgrade our status from AAA to AA+. FOX News Channel's Ed Henry reports.