American Morning

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August 1st, 2011
10:39 AM ET

Sen. McCain: Debt agreement 'is a success,' but worried about defense cuts

A vote on the new debt deal is expected in Congress some time this afternoon. The plan includes raising the country's borrowing limit in exchange for major spending cuts.

Earlier on American Morning this morning, CNN's Carol Costello talks with Senate Majority Whip Dick Durbin, who explained that Democrats signed on to the deal in order to avoid default.

For the other side, Ali Velshi talks with Sen. John McCain on the debt deal. He says that he feels the debt agreement is a success, but he's worried about defense cuts and is still hoping a balanced budget amendment can be passed.

"I'm worried about the size of defense cuts that may be contemplated, but that doesn't mean I'm, therefore, rejecting the agreement," McCain says.

He also gives some advice to his Republican colleagues in the House: "They should worry about more than anything else is the view in which the American people hold us and their low opinion of us because we are failing to do what they think is our job. And, by the way, they're right."

Filed under: Budget • Debt • Debt ceiling • Deficit
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