With just two weeks to raise the $14.3 trillion debt ceiling before the August 2nd deadline, President Obama will continue to negotiate a possible deficit reduction deal this week with congressional leaders in an attempt to clear the way for congressional Republicans to back an increase.
How could the debt ceiling debate impact your money and your investments?
Donna Rosato, senior writer for Money magazine, joins American Morning today to talk about how to protect your personal finances if Congress can't come to an agreement.
Meet the Carrolls. Three years ago, they had a whopping $88,000 in debt.
Today, they're debt free.
CNN's Christine Romans talks to the Carrolls to find out how they were able to escape from this mountain of debt, and how you can, too.