Political Brinksmanship and the Debt Ceiling

Treasury Secretary Geithner says the first default in US government history would mean economic catastrophe, and it's just two weeks away. David Brooks (at left), the New York Times' conservative columnist shocked Washington this week by saying that Republicans may not be "fit to govern." Many Republicans see default as an opportunity to force massive spending cuts, even if the government has to shut down. But President Obama rejects any short-term fix and sees an opportunity of another kind. Will Republicans drive the country into default? Has the President made too many concessions or, as he said yesterday, is this an "opportunity to do something big?"

Photo: Spencer Platt/Getty Images