GOP Relents Over Debt Talks

After weeks of fruitless talks, House Speaker John Boehner has thrown in the towel in the contentious fight over the federal deficit and the nation's debt limit. In a statement issued last night, Boehner said he would back down from Republican demands for $4 trillion dollars in cuts to reduce the nation's deficit in exchange for raising the debt ceiling. Guest host Linda Wertheimer talks to NPR's Mara Liasson about the weekend effort to reach an agreement and the problems it will cause in both parties.