Daily Political Wire

George Wenschhof

Debt Ceiling Talks Go Down to the Wire - there seems to be agreement on creating a bipartisan committee with members from the House and Senate who will be responsible for coming up with the 1.8 trillion in cuts by the end of the year. This, coupled with the original 900 billion cut proposed by House Speaker Boehner would get the country through 2012. The sticking point remains a "trigger" mechanism which would be used if agreement is not reached. An short "several day" extension of the debt ceiling default date may be included to allow lawmakers time to conclude the deal.

The National Journal has some details of the agreement here.

Meanwhile, time is running out to pass a bill to raise the debt ceiling.

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Sunday Morning "Talking Heads" Lineup - Republican and Democratic lawmakers make the rounds this morning along with White House senior adviser David Plouffe. Politico.com has a preview below.



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O'Donnell Outs Tea Party Representative Joe Walsh (R-Ill.) For Owed Child Support - the republican representative has been vocal on the airwaves about how the country can not place the debt on the backs of our children. MSNBC Lawrence O'Donnell bans him from appearing on his show "The Last Word" until he pays the $117, 437 he owes his ex-wife and three children.

Visit msnbc.com for breaking news, world news, and news about the economy

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