American Morning

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August 4th, 2011
10:01 AM ET

Mayors of two struggling cities discuss their plans to tackle deficits

America's cities are facing tough challenges when coping with some of the most daunting and widespread fiscal crises in decades.

Facing budget deficits and near bankruptcy conditions in their cities, mayors across the country have been presented with difficult decisions when figuring out what needs to be cut in order the balance their budgets.

Tony Mack, Mayor of Trenton, New Jersey, and Dayne Walling, Mayor of Flint, Michigan are two mayors who have had to make painful cuts in their cities.

Mayor Mack plans to cut 108 police department jobs–a full third of Trenton's police force–to try to deal with a $55 million deficit he inherited. Mayor Walling cut Flint's police force last year by 30%, despite the fact that the city is one of the most dangerous in the country.

Both Mayor Mack and Mayor Walling join Carol Costello on American Morning today to discuss the tough cutbacks they have been forced to make and to weigh in on the recent federal debate over the debt ceiling.


Filed under: Budget • Money
August 3rd, 2011
11:19 AM ET

Debt bill enacted yesterday – what's next?

President Obama signed the emergency debt ceiling legislation into law yesterday just hours before a midnight deadline to get a deal done.

The measure provides an immediate $400 billion increase in the $14.3 trillion U.S. borrowing limit, with $500 billion more assured this fall. Later this year, a special bipartisan 'supercommittee' will come together to draft legislation to find up to $1.5 trillion more in deficit cuts.

Today on American Morning, Kiki McLean, Democratic strategist, and Margaret Hoover, author of "American Individualism: How a New Generation of Conservatives Can Save the Republican Party," join Christine Romans to discuss how the American public reacted to negotiations and where lawmakers will go from here.


Filed under: Budget • Debt • Debt ceiling • Deficit
August 2nd, 2011
11:12 AM ET

Rep. Walsh and Rep. Kucinich explain why they voted no on debt deal

The House of Representatives passed a bill to raise the nation's debt-ceiling while imposing sweeping spending cuts yesterday on a 269-161 vote, overcoming opposition from liberal Democrats and tea party conservatives for ideologically different reasons.

Representative Joe Walsh (R-Ill.) and Representative Dennis Kucinich (D-Ohio) are two lawmakers who voted against the bill.

They join Carol Costello on American Morning today to discuss their decision and to weigh in on the political compromise.


Filed under: Budget • Debt • Debt ceiling • Deficit • Politics
August 2nd, 2011
11:10 AM ET

Rep. Wasserman Schultz details Rep. Gabby Giffords return to House

Yesterday Arizona Representative Gabrielle Giffords made a triumphant return to the House after recovering from a gunshot wound to the head.  She went to Washington to vote in favor of the debt bill.

Rep. Debbie Wasserman Schultz, a close friend of Giffords, was there for her vote.  She has been at Giffords' side through her recovery.

Wasserman Schultz talks to American Morning about the welcome Giffords received from the House, as well as a potential timeline for Giffords' full-time return to Washington.


Filed under: Budget • Debt • Debt ceiling • Deficit • Gabrielle Giffords
August 1st, 2011
10:51 AM ET

Debt deal then and now: Comparing Congress and the White House

With a debt deal in place and a vote on the plan expected to happen in the next few hours, could the past be any indication of our debt future?

On American Morning this morning, we look at the current political process in Washington through a historical lens. Ali Velshi talks to Nick Ragone, author of "Presidential Leadership: 15 decisions that changed the Nation" and Presidential historial Doris Kearns Goodwin about how the current debate compares with past debates.


Filed under: Budget • Debt • Debt ceiling • Deficit
August 1st, 2011
10:47 AM ET

Winners and losers in the debt deal

It could be the beginning of the end when it comes to the current debt ceiling crisis.

Last night, President Obama announcing a deal to raise the nation's debt limit in exchange for deep spending cuts. But the President and House Speaker John Boehner also admit that the agreement is far from perfect.

Who stands to win and who stands to lose in this deal?

This morning on American Morning, Stephen Moore with the Wall Street Journal Editorial Page and Norman Ornstein with the American Enterprise Institute look at who stands to gain and who will lose in the debt deal.


Filed under: Budget • Debt • Debt ceiling • Deficit
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