American Morning

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July 26th, 2011
11:02 AM ET

Maid in DSK assault case speaks out: Will media interviews influence case?

Nafissatou Diallo, the 32-year-old hotel maid accusing former International Monetary Fund chief Dominique Strauss-Kahn of sexually assaulting her, decided to speak to the media about her experience this weekend, interviewing with both ABC and Newsweek.

Diallo's choice to go public with her accusations in the middle of a pending criminal investigation is extremely unusual and has put a lot of pressure on Manhattan prosecutors, who she plans to meet with on Wednesday.

Sunny Hostin, CNN legal contributor, and Paul Callan, criminal defense attorney, join American Morning today to discuss if Diallo's interviews will help or hurt her case and to weigh in on why they think she decided to talk.

Filed under: DSK • Media
July 26th, 2011
10:56 AM ET

David Gergen: Debt talk fallout 'is a self-inflicted wound'

Early on Monday, Democratic and Republican congressional leaders unveiled separate debt proposals that the other side quickly rejected, demonstrating the deep partisan divide that exists despite months of negotiation.

Both plans provide a path to raise the debt ceiling through the end of 2012, but they differ in scope and over key components involving requirements for future congressional action.

Both President Obama and House Speaker John Boehner addressed the country last night about the impasse in the debt talks.

Today on American Morning, David Gergen spoke with Kiran Chetry about his reaction to the speeches and the likelihood that a deal will be reached, stressing the importance of maintaining the U.S. credit rating.

Filed under: Budget • Debt • Debt ceiling • Deficit
July 26th, 2011
10:52 AM ET

Gene Sperling: 'We just need a minimum amount of compromise'

Last night, President Obama called for "a balanced approach" to addressing the nation's deficit that includes large spending cuts along with revenue hikes - including a halt to Bush-era tax cuts for families earning more than $250,000 a year.

House Speaker John Boehner showed no sign of moving off his party's opposition to any kind of increase in taxes, signaling that there is still a great divide amongst lawmakers about the correct way to address the nation's debt.

Today on American Morning, President Obama's top economic adviser Gene Sperling spoke with Ali Velshi about the possibility of a compromise in the debt-ceiling negotiations, appearing to remain optimistic despite the continuing impasse in negotiations.

"There is a lot of goodwill that I still believe exists in this country in Washington and we just need a basic, a minimum amount of compromise," Sperling, Director of the National Economic Council, told Velshi. "A minimum amount of not my way or the highway and we can get there easily this week."

See the entire interview here.

Filed under: Budget • Debt • Debt ceiling • Deficit
July 26th, 2011
10:26 AM ET

Political Panel: Is there time left for a grand compromise in debt talks?

The political showdown on the debt-ceiling negotiations continued last night after months of increasingly tense talks have failed to bring a deal that can win approval from all of the necessary players - the Republican-led House, Democratic-led Senate and the White House.

Obama has pushed for a comprehensive plan that included spending cuts, increased tax revenue and entitlement reforms, while Republicans have sought to shrink government by proposing spending cuts and reforms without increased revenue.

CNN senior political analyst Ron Brownstein and Norman Ornstein, resident scholar at the American Enterprise Institute, joined Ali Velshi and Christine Romans on American Morning today to discuss the various plans being proposed on Capitol Hill and to weigh in on America's growing exasperation with the stalemate.

Filed under: Debt • Debt ceiling • Deficit • Politics
July 26th, 2011
10:23 AM ET

How Wall Street is affected by the gridlock in the debt-ceiling negotiations

In a televised prime-time speech last night, President Obama warned that with no clear resolution in sight in Congress, the U.S. is moving closer to a default that could deeply damage the economy.

With only seven days left until the country's August 2nd deadline to raise the debt ceiling, many are concerned with how Wall Street will be affected by a default both now and in the long term.

Today on American Morning, Politico's Wall Street reporter Ben White weighs in on how the debt ceiling negotiations are impacting both the U.S. economy and the global markets.

Filed under: Debt • Debt ceiling • Wall Street
July 26th, 2011
10:21 AM ET

Drug prices to get cheaper as patents expire

Over the next 14 months, generic drugs for seven of the world's best-selling drugs will become available as brand-name drug patents expire, including the top two: cholesterol fighter Lipitor and blood thinner Plavix.

Competition from generic drugs will decrease brand-name sales, causing drug prices to plummet for patients and health providers.

Today on American Morning, senior medical correspondent Elizabeth Cohen breaks down which drugs will decrease in price and discusses how much money Americans will save when they go generic.

Filed under: Health
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