Can lawmakers reach a long term deal in the debt-ceiling debate?

With weekend talks to resolve the nation's debt-ceiling crisis hitting a new stalemate on Sunday, President Barack Obama has canceled two fundraising appearances today as anxiety over the impasse continues to escalate.

Failed weekend negotiations and a series of setbacks have left lawmakers on each side of the political spectrum pursuing separate plans and showing little common ground.

Today on American Morning, Margaret Hoover, author of "American Individualism: How a New Generation of Conservatives Can Save the Republican Party," joins Kiki McLean, Democratic strategist, to discuss  how the GOP and the Democrats are reacting to the continued impasse in the debt-ceiling negotiations.