Warren Buffett's op-ed last week calling on Congress to raise taxes on the wealthy has struck a nerve with conservatives, stirring charges of class warfare and zingers about how the billionaire investor should write a check to help Uncle Sam. Exemplifying the right's opprobrium, the reactionary Tax Foundation has been lambasting Buffett in a series of recent posts and has actually gone so far as to call on low- and middle-income Americans to pay more before the rich do.

As you might have heard, last week Congress finally negotiated an end to the debt ceiling crisis. The basics of the deal are well-known: Republicans agreed to raise the debt ceiling through the next election in exchange for significant spending cuts. But how does the deal actually work? Our new FAQ should help you understand the details behind the deal.

Bob Greenstein, president of the well-respected Center on Budget and Policy Priorities (CBPP), lays out the broader consequence of the self-inflicted debt ceiling crisis and, in short, it's a "terrifying" new framework of federal budget politics that enshrines minority rule and threatens to "undermine democracy."