The Madeleine Brand Show for July 29, 2011

Obama: 'The time for putting party first is over'

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President Barack Obama speaks on the status of debt ceiling negotiations in the Diplomatic Reception Room of the White House in Washington, DC.

President Obama addressed the nation Friday morning with a statement on the debt ceiling negotiations. He told reporters gathered at the White House that "there are plenty of ways" for the crisis to be resolved. The president said that defaulting on payments would lead to a heavier financial burden on the American public, impacting everything from mortgage payments to car loans. With the Tuesday deadline around the corner, President Obama called for bipartisan support to get a workable bill on his desk for signature before time runs out. David Fahrenthold, Congressional reporter for the Washington Post, shares his thoughts on the president's statement.

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