Video: Will the FEC Allow Colbert SuperPAC?; Boehner 'Won't Do That' to Reduce the Deficit

By Carrie Mihalcik  //  June 30, 2011 | 7:36 a.m.
Updated: June 30, 2011 | 7:57 a.m.

Stephen Colbert, host of The Colbert Report on Comedy Central, stopped at the Federal Elections Commission in Washington, DC to file paperwork to form a super PAC on Friday, May 13, 2011. (Chet Susslin)

Stephen Colbert prepares to answer questions from the Federal Election Commission about Colbert SuperPAC.

Jon Stewart, on Speaker John Boehner, R-Ohio, saying the deficit needs to be reduced but that "tax increases are off the table": "It's like saying I would do anything for love but I wont do that. You really wouldn't then do anything for love."

Today's Must See Moment -- Fast forward to 0:15 to find out what happens if Congress doesn't raise the debt-ceiling by August 2.



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