Michigan Gov. Rick Snyder reiterated on CBS' "Face the Nation" that a federal bailout was far from likely for Detroit. The remarks come after the city of Detroit, shouldered with more than $18 billion in debt, filed for Chapter 9 bankruptcy, the largest municipal bankruptcy in U.S. history. Snyder said he's not counting on help from the United States government, and he doesn't plan to provide financial assistance on the state level"It's not just about putting more money in ... it's about accountable government," he said.
U.S. Treasury Secretary Jack Lew urged Greece to persevere with tough economic reforms during a one-day trip to Athens designed to demonstrate Washington's support for the crisis-plagued country.
Amid record-low productivity on Capitol Hill this year, House Speaker John Boehner said that Congress should be judged on how many laws it repeals, rather than how many new laws lawmakers enact.