American Morning

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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
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