American Morning
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.
How are the markets reacting to the stalled debt-ceiling negotiations? Jay Powell weighs in
Asian stocks opened lower Monday, the first reaction in major markets after congressional leaders and the Obama administration failed to reach an agreement on a deal to raise the U.S. debt limit over the weekend.
Pressure to reach a deal continues to escalate, with all three major credit rating agencies warning in the past week that they are considering a downgrade of the U.S. credit rating as a result of the continuing impasse.
Today on American Morning, Jay Powell, former Treasury Under Secretary under President George H.W. Bush, joins Christine Romans to discuss how the markets are reacting to the continued stalemate and to weigh in on whether he thinks a bill will be passed before the August 2nd deadline.
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.
What possible plans are lawmakers negotiating to raise the debt ceiling?
Consultations will continue today about a possible deal that would raise the debt ceiling and cut $3 trillion from the federal deficit after word spread last night that a possible deal is being negotiated between President Barack Obama and House Speaker John Boehner.
Spokesmen for Obama and Boehner have denied that a deal is imminent and both lawmakers still have to sell the deal to members of their own parties.
Republicans generally have opposed any tax increases while Democrats have balked at proposals that would cut too deeply into entitlement program spending.
Ron Brownstein, CNN senior political analyst, joins American Morning today to discuss what possible plans are on the table and to weigh in on the status of the negotiations.
What will happen if lawmakers fail to raise the debt ceiling by August 2nd? Jay Powell weighs in
With the August 2nd deadline to raise the debt ceiling just eleven days away, efforts to avoid a potential U.S. default have entered a critical phase.
Many fear that failing to raise the debt ceiling would send shock waves through the underpinnings of the financial system, adding urgency to the negotiations between President Barack Obama and top lawmakers as they continue to try to strike a sweeping deficit-reduction deal.
Today on American Morning, Jay Powell, Treasury Under Secretary under President George H.W. Bush, tells Ali Velshi what he thinks will happen if a deal isn't reached within the next few days and explains what the consequences will be for the average American if the debt ceiling isn't raised.
How to protect your personal finances from a possible debt default
With just two weeks to raise the $14.3 trillion debt ceiling before the August 2nd deadline, President Obama will continue to negotiate a possible deficit reduction deal this week with congressional leaders in an attempt to clear the way for congressional Republicans to back an increase.
How could the debt ceiling debate impact your money and your investments?
Donna Rosato, senior writer for Money magazine, joins American Morning today to talk about how to protect your personal finances if Congress can't come to an agreement.
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