by Donna Brazile (CNN) -- As Senate negotiators, led by Majority Leader Harry Reid and Minority Leader Mitch McConnell huddle for another day to avoid the nation's default this week, we'll know in a few days if Congress -- more accurately, House Republicans -- will choose to plunge this nation into a second recession, possibly triggering a global financial meltdown, or agree to compromise.
President Barack Obama announces his nominee for the Federal Housing Finance Agency, Rep. Mel Watt, D-N.C., Wednesday, May 1, in the State Dining of the White House in Washington. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) —President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.
