Debate over funding extension could shut down agency unless lawmakers resolve controversial provisions.
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White House suggests Obama might consider a short-term compromise; House GOP aide calls the idea a possibility until a larger deal is worked out.
House Armed Services Committee leader notes the proposal would require changes to military retirement and other benefits, a difficult issue on Capitol Hill.
By flinching at the prospect of significant deficit reduction, the GOP will have to deal with the fallout.
President praises group of senators for coming up with a plan that is "balanced" and includes tax revenues.
The House speaker would not say what options he considers to be available or viable as 'Plan Bs.'
Senate is not expected to approve legislation requiring a constitutional amendment to raise debt ceiling.
President thanks Elizabeth Warren for helping stand up the agency, but goes with former Ohio official.
Geithner says there is “no plausible way to run the country… if we are not paying our obligations.”
John Allen will lead the process of withdrawl by 2014.