What prospect for President Obama after debt ceiling raised?

President Barack Obama has signed legislation to increase the US debt ceiling and avert a financial default after Congress voted in favour of a bipartisan compromise deal.

The bill cleared its final hurdle in the Senate by 74 votes to 26.

It raises the debt limit by up to $2.4tn (£1.5tn) from $14.3tn, and makes savings of at least $2.1tn in 10 years.

Governor Howard Dean, former chairman of the Democratic National Committee and former Republican aide Taylor Griffin, discuss the political prospects for President Obama as a result of the bill.