American Morning

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July 22nd, 2011
10:16 AM ET

What possible plans are lawmakers negotiating to raise the debt ceiling?

Consultations will continue today about a possible deal that would raise the debt ceiling and cut $3 trillion from the federal deficit after word spread last night that a possible deal is being negotiated between President Barack Obama and House Speaker John Boehner.

Spokesmen for Obama and Boehner have denied that a deal is imminent and both lawmakers still have to sell the deal to members of their own parties.

Republicans generally have opposed any tax increases while Democrats have balked at proposals that would cut too deeply into entitlement program spending.

Ron Brownstein, CNN senior political analyst, joins American Morning today to discuss what possible plans are on the table and to weigh in on the status of the negotiations.

Filed under: Budget • Debt • Debt ceiling • Deficit • Politics
soundoff (3 Responses)
  1. Jeff

    The GOP and the Tea Party will come away from any deal looking like the hero in this in the end. They can say to all of America they help stop total disaster, now let's do more and get rid of our deficit...the President needs to be really serious and CUT more. To their base they will say, we didn't give in to the high tax rates.

    What's lost in translation is that they would let disaster happen, people personnel life crumble to protect the extreme wealthy. The mass public (medium income household) who are GOP's and Tea Parties will also fall off this cliff and be destroyed. By uttered hatred for the other party and or the President they will destroy this nation!

    July 23, 2011 at 9:36 am |
  2. John McHenry

    Ok, so if I was the owner of a company and the employees failed to resolve signficant issue that I paid them to resolve, I would fire those people and find someone who could resolve the issue. If Congress doesn't solve this problem, they should all be fired. Second, there is all this talk about default and the possibility of checks not going our for Social Security, or Military Pay, etc. Although it would just be a small drop in the bucket, I believe that every Congressman, and Senator along with their staff's should not get a paycheck first before anyone else doesn't get one. Maybe this would motivate them to resolve the issue and maybe it would allow them to understand what ordinary people are going through with this debt crisis. I'm tired of our representatives not being subject to the rules, laws, and policies they enact. Withhold their pay if they can't perform and do the countries work!!!

    July 22, 2011 at 1:46 pm |
  3. default

    here comes the default!


    July 22, 2011 at 11:44 am |