The standoff over how to deal with the national debt ceiling has raised tension levels in Washington several degrees, with some Republicans pushing for an all-cuts agreement and some Democrats pushing for cuts combined with tax increases. What are the various proposals, and what might they mean for constituents and elected officials?
The National Debt Crisis
Julie Hirschfeld Davis, congressional and politics reporter for Bloomberg News
Alan Auerbach, professor of economics and law and director of the Robert D. Burch Center for Tax Policy and Public Finance at UC Berkeley
Marc Sandalow, associate academic director at the University of California's Washington Center and Washington editor of the California News Service