U.S. President Barack Obama and congressional leaders enter the week struggling with negotiations over raising the federal debt ceiling, now with just three weeks left before the country would begin defaulting on its obligations without a deal. Here is a look at this and other stories that CNN plans to follow this week:
Debt negotiations stumbling over proposed tax hikes
Congressional Republicans say they want an agreement to cut federal spending before agreeing to raise the federal debt ceiling, which the Treasury Department says should be done before August 2 to prevent default. But over the weekend, efforts to secure a major deficit-reduction deal took a hit when Speaker John Boehner, R-Ohio, said his party wouldnâ€™t go along with Democratsâ€™ insistence that cuts be paired with higher taxes.
Without Republican support, no deal would pass the GOP-controlled House.
The grand deal reportedly might have included significant Medicare reform â€“ a concession for Democrats who have said proposed cuts to entitlement programs were unacceptable.
The president and congressional leaders still plan to meet Monday to continue negotiations, and Obama is scheduled to hold a press conference in the White House briefing room at 11 a.m. ET
The Treasury Department has warned that failure to raise the nationâ€™s $14.3 trillion debt ceiling by August 2 could lead to a possible default on its loans, which could send interest rates skyrocketing and cause the dollar to plummet.
Soldier to become second living Medal of Honor recipient from Afghan war
A U.S. Army Ranger who lost his right hand while tossing an enemy grenade away from comrades in Afghanistan will receive the Medal of Honor on Tuesday.
Sgt. 1st Class Leroy Arthur Petry, a father of four from New Mexico, will become only the second living Medal of Honor recipient from the wars in Iraq and Afghanistan. The other is former Army Staff Sgt. Salvatore Giunta.
Petry, who is assigned to Fort Benning, Georgia, also will be inducted into the Pentagon's Hall of Heroes on Wednesday afternoon. He has served six tours of duty in Afghanistan and two in Iraq.
WikiLeaks founder appealing extradition to Sweden
WikiLeaks founder Julian Assange, under house arrest in the United Kingdom for months, is scheduled to begin his appeal Tuesday against extradition to Sweden, where he is wantedÂ on sexual misconduct allegations that he denies.
WikiLeaks published tens of thousands of once-secret U.S. documents on subjects ranging from the war in Afghanistan to the inner workings of U.S. diplomacy. His lawyers have expressed concern that Sweden, if Assange is sent there, might hand him over to the United States.
'National dialogue' talks on crackdown in Syria continue
Monday will be the second day of Syria's government-sponsored "national dialogue" talks, where activists have been criticizing recent crackdowns by the country's security forces.
Hundreds of people are believed to have been killed since unrest across Syria began in mid-March, after teens were arrested for writing anti-government graffiti in Daraa, according to Amnesty International. The Syrian government has consistently blamed the protest casualties on "armed gangs," though activists say security personnel have assaulted unarmed protesters.
The state-run Syrian Arab News Agency says the talks at Damascus University have included members of the opposition, independent activists and youth leaders and academics. Syria's vice president has hailed the discussions as a step toward creating a "democratic union." But some opponents of President Bashar al-Assad's government have boycotted the talks, alleging that the regime is trying to stop the unrest without making meaningful changes.
Women's World Cup final, British Open among high-profile sporting events
The United States is still in the hunt for this week's FIFA Women's World Cup final in Germany, thanks to some late heroics in a quarterfinal on Sunday. Down 2-1 to Brazil deep into extra time, the United States' Abby Wambach headed home a cross from teammate Megan Rapinoe to tie the game.
The Americans then won the match on penalty kicks, 5-3, keeping alive their hopes of winning their third Women's World Cup and first since 1999.Â Wednesday's semifinals pit the United States against France and Sweden against Japan. The winners will meet for the title on Sunday.
Other high-profile sports events this week are golf's Open Championship - otherwise known as the British Open, this year played at England's Royal St. George's Golf Club - and Major League Baseball's All-Star Game in Phoenix.
To raise the debt ceiling or not to raise the debt ceiling. That is the question. (Meantime, the US credit rating may go down). The two brave men Sgt Petry and Sgt Giunta are amazing men of honor.
USA should hire DSK to solve the riddle of Obama mess
Here's an example of why republicans are going to lose in 2012.
Democrats are willing to compromise on their ideals to get something done, and republicans, as usual, just don't get it.
@lee- 41 of the republicans have signed a pledge with Grover Norquist. They cannot go back on their word now can they? I say the 41 republican congressmen pledged an oath to the people of this country, if they honor the pledge with Norquist and do not tax the wealthy first and mend the loopholes they are gone. I will post their names or you can look them up.
Hey leeintulsa where have u been ,u left me and little lee in the dumpster u phuc en b***h ! Get your a$$ back to the dumpster with little lee and I . We're still out here in las vegas where u left us u little hore !!!
The Republicans have exposed themselves as what they are – lap dogs for corporate leaders and the wealthy people who aren't threatened by a depression. The Republican supporters have already stashed enough money offshore to allow them to live large after America tanks – with the rest of us as their lackys. It's class warfare and time for anybody who isn't filthy rich to understand the threat. They really don't give a crap about America, except for the America where an elite class emerges to call all of the shots. It's almost time to take to the streets.
Larry is right. I's sick of these fat cats with all their money. Who do they think they are with their degrees and risk taking? I got me 6 kids and am on welfare. The welfare barely covers my food and cell phone plan. I can't have unlimited data nomore. They should pay like 90% of their money in taxes and give it to me. I want my reparations Obama.
@IAWL-Acually President Obama stated he was willing to do reform on welfare. So your point of people living on welfare is mute. Republicans do not want to give up the wealthy loopholes. Most are stuck on welfare because they are not educated enough to get a job and if you get a job it is not enough and you cannot live on it it is a catch 22. If they put job training and welfare and/or education/welfare and/or job/welfare together they could get more people to work and less money spent on people who need it and police the people that are on it and how long they have been on it.
If the corporations are going to continue being stubborn by a. Not bringing jobs back from overseas or b. By not re hiring then I say it's dam well time to raise their taxes.
@John-and we as citizens in the time our country needs our support do not buy products from other countries until they are taxed or our country is back on our feet.
The democrats are like children with a credit card. Sometimes the adults need to step in and take the card away. If the card gets maxed out, you don't just give them more credit. It is called responsibility.
Actually the republicans are the ones using a credit card all along the two wars. You need to go back to reality.
The Republicans are completely irresponsible by letting the rich keep their tax cuts while destroying America in the process.
@Joseph where were you joe when President Bush raised the debt ceiling 6x. Now the country is hurting and you want to play the republican card. Doesn't work here. The republicans are tired of you sound byte bull malarky. You are a lone wolf, in a sea of people who want the best not partisan crapola. You do not know the history of your country, just that you are republicans or a tea partier that does no research.
My friend, you forget – the money got spent the previous 8 years – when – let's see – who was in charge – Republicans. Who ran up the credit card for the US – George Bush, Karl Rove and cronies in the House and Senate. And just who is Grover Norquist? President? Any position of responsibility? No – just a troublemaker par excellence with plenty of money and a network of good old monied boys and girls to go along with him. You are living in another world then the one most of us inhabit today. You sound like FOX! the ultimate prevaricating media. The American people deserve better.
Hey, I needs mo money from da rich folk. My sorry black @ss needs da money for chitlin an greens. Workin is fo the dumb @sses. Keep dem welfare checks a comin so I can keep humpin momma while you dumb folk goes to work.
Belong to the KKK,huh. the wealthy are stealing and buying everything and you let them. Your hatred shows and your ignorance. Thank goodness there are less and less of your kind.
The real issue behind the debt crisis..all minorities v. Corporate bail outs. The debt is mostly republican misuse of surplus revenue of 2000 and mishandle of the financial system with war contractors with blank checks~ White collar mobs
So the real tax payers should pay or the corporate wealthy who the recession does not touch?
I think if we started taxing people each time they do number 2 the govt would raise a lot of money. People got to take a poop sometimes. Say at just 10 cents a poop it would raise zillions of dolllars.
Until the Fedel Reserve is audited, none of US have a clue. Both Democrat and Republican leaders have always stubbornly refused our requests to audit the Fed. If you think that an account can be balanced without an audit...knock yourselves out some more. I enjoy watching it.
That's right. Obama won't allow US to audit the Fed either. Get a clue. Both parties have much to hide that would be exposed with even a cursory and preliminary audit of the Federal Reserve located inside of our borders. Other nations leaders won't allow their citizens to audit the Federal Reserves located there either. At least the world's peoples have that in common.
Bring it on.