Rep. Gabrielle Giffords drew thunderous applause from her colleagues as she walked into the House chamber and cast a vote in favor of the bill to raise the U.S. debt ceiling.

More on the vote

President Obama: ‘Plenty of Ways Out of This Mess’

Video of his statement if you missed it

Boehner’s Plan vs Reid’s Plan

(Source: newshour.pbs.org)

Watch Obama’s, Boehner’s Full Debt-Ceiling Remarks

(Boehner’s speech starts at about 18:30 in the video)

Boehner transcript

Obama transcript

More coverage on our politics page

(Source: newshour.pbs.org)

Ron Paul on Proponents of Raising Debt Ceiling: ‘I Think They’re Misled’

In an interview Wednesday with Judy Woodruff Republican presidential candidate and longtime Texas Rep. Ron Paul said “you can’t solve the problem of debt by raising the debt limit.”

"I think they are misled. I think they believe what they are saying, but I think they don’t understand economic policy because they’re afraid of a default and they’ve been frightened," he said. "But this is the way so often government works — they try to frighten the people."

Video and post by Reporter-Producer Quinn Bowman. More here

Smacking Into the Debt Ceiling: the Day-by-Day Consequences

"Remember when the United States was so politically paralyzed that it risked its credit rating and international credibility by refusing to hike the debt ceiling?" 

Interactive graphics by Justin Myers based on data from the Bipartisan Policy Center. Paul Solman shares more of his thoughts- and more infographics that break it all down- here

Smacking Into the Debt Ceiling: the Day-by-Day Consequences

"Remember when the United States was so politically paralyzed that it risked its credit rating and international credibility by refusing to hike the debt ceiling?" 

Interactive graphics by Justin Myers based on data from the Bipartisan Policy Center. Paul Solman shares more of his thoughts- and more infographics that break it all down- here

Political Checklist: Debt Ceiling Vote Symbolism

By Quinn Bowman

The House of Representatives is preparing to hold a symbolic vote on raising the government’s debt ceiling without spending cuts, a vote that is sure to fail as Republicans have said that they won’t support any increase in the limit without substantial cuts to spending.

Political Editor David Chalian and Senior Correspondents Gwen Ifill and Judy Woodruff analyze what the vote means, and why the House would hold a vote that is destined to fail.

President Obama plans to meet with some House Republicans and Democrats, separately this week, presumably to discuss bipartisan negotiations about how to put forward a vote on the debt ceiling that both parties can support.

The team also takes a look at Sarah Palin’s road trip and why Palin is able to command media attention wherever she goes — while also shunning reporters. Palin’s appearance at the Memorial weekend Rolling Thunder motorcycle rally in Washington, D.C. garnered her a lot of attention and marked the start of a bus tour across the country in which she will visit historical sites with her family.

(Source: newshour.pbs.org)