5:32am

Thu August 2, 2012
NPR Story

Back To The Debt Debacle: A Look At What's Changed

Originally published on Thu August 2, 2012 11:53 am

It was just a year ago that the House rejected a deal with President Obama and threatened to allow the U.S. to default on debt obligations coming due. The Tea Party refusal to raise the debt ceiling led to a downgrade in U.S. credit and a selloff in the markets. NPR's David Welna reports on what's changed since then and what hasn't.