And so, the Great Debt Ceiling Negotiations of Aught-Eleven rages on with no end in sight! Will the Obama presidency be utterly destroyed? Will Republican Party implode due to rampant infighting? Will the very fabric of the American economy be torn asunder?
Coverage continues with Wall Street Journal congressional correspondent Naftali Bendavid after the jump.
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Tags: Barack Obama, Debt, Economy, Eric Cantor, Grover Norquist, House of Representatives, John Boehner, Mitch McConnell, Republicans, Senate, Stephen Colbert, Taxes, The Colbert Report, Video, Wall Street Journal