debt ceiling debate

Associated Press

Senate Majority Leader Harry Reid has named Democrat Patty Murray of Washington to co-chair a powerful "super committee" charged with finding more than $1 trillion in deficit cuts this fall.

The choice immediately drew cries of disbelief from conservatives.

Flickr

University of Washington, the City of Seattle and King County all face possible credit rating downgrades because of the federal government stalemate over raising the national debt ceiling.