Appearing on CBS Monday, House Financial Services Committee ranking member Barney Frank (D-MA) pointed to growing military spending as one of the causes of S&P’s downgrade of U.S. credit. “I would hope there would be one bipartisan agreement we can reach and I’ve been working for,” Frank told CBS’ Nancy…

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Rep. Paul Ryan said Sunday that S&P’s downgrade of U.S. credit was a “vindication” Republican actions and his budget plan, which would end Medicare as it exists today. “I am not very surprised with the downgrade,” Ryan told Fox News’ Chris Wallace. “We more or less saw it coming because…

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Sen. Bernie Sanders (I-VT) appeared on CNN Wednesday to expand on why he did not vote to support the plan to raise the debt ceiling and cut spending. “This legislation does deficit reduction on the backs of the elderly, the sick, the children and some of the most vulnerable people…

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New York magazine writer Frank Rich explained Monday that Rupert Murdoch’s unethical business practices weren’t limited to just Britain. “I think that we’re deluding ourselves if we think the whole Murdoch culture has not spread to America,” Rich told HLN’s Joy Behar. “We’re reading all this sort of exotic stuff…

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Congressional Black Caucus chairman Rep. Emanuel Cleaver (D-MO) isn’t a fan of the proposed deal to raise the debt ceiling. Cleaver told Roll Call Sunday that the deal was a “sugar-coated Satan sandwich.” “You have been quoted, coming out of your caucus as calling this agreement a ‘sugar-coated Satan sandwich,”…

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CNN host Fareed Zakaria is on something of a ranting spree on television over the weekend. Friday night, when Zakaria was a guest on AC360, he called the tea party’s tactics within debt ceiling negotiations “anti-democratic” and “counter-constitutional.” Sunday, he again ripped into a debt-related tirade. “We face downgrades and…

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Nobel Prize winning economist Paul Krugman warned Sunday that proposed spending cuts in a deal to raise the nation’s debt ceiling would end up hurting the economy. “From the perspective of a rational person, we shouldn’t even be talking about spending cuts at all now,” Krugman told ABC’s Christiane Amanpour.…

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CNN host Fareed Zakaria was a guest on Anderson Cooper’s AC360 Friday night, where he said that the ultra-conservative tea party faction of the Republican Party was sending a message that “we’ll blow up the country if you don’t listen to us. We will hold hostage the credit of the…

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The latest earnings reports from Apple Computers show that the company has more than $76 billion in cash on hand, while the U.S. has only $74 billion cash on hand. Watch the CBS report, embedded via NDN, below.…

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