American Morning
Political panel: How are lawmakers reacting to the McConnell/Reid budget plan?
On Thursday, President Obama told congressional leaders that he expects them to consult with their respective caucuses and find agreement over the next 24 to 36 hours on how to proceed with the debt talks.
The President is scheduled to hold a news conference at 11 a.m. today to provide an update on the status of the negotiations - a subject which has brought partisan tempers to a boil over the past week.
Today on American Morning, Jim McLaughlin, GOP strategist, John Avlon, CNN political contributor, and Maria Cardona, Democratic strategist, weigh in on how they think the talks will progress.
Rep. Jim Jordan: 'We are not going to raise taxes'
With President Obama and GOP congressional leaders in a stalemate over a deficit-reduction plan necessary to raise the nation's debt ceiling, two of the "Big Three" global credit rating agencies–Moody's and Standard and Poor's–announced yesterday that they were considering downgrading the United States' credit rating.
Moody's cited the "rising possibility" that the U.S. debt limit will not be raised in time to avoid default.
Representative Jim Jordan (R-OH), president of the Republican Study Committee, talked with Ali Velshi on American Morning about the potential downgrade, Representative McConnell's proposed plan and why he is pushing for a balanced budget amendment.
Is the Tea Party's influence on GOP holding up a debt deal?
President Obama and lawmakers from both parties will meet again today to try to hammer out a deal on raising the nation's debt ceiling. Republican leaders have refused to consider any tax hikes, and now the President says if there is no deal before the August 2nd deadline, he can't guarantee social security checks will go out on time.
Some say the Tea Party's influence in the GOP may be standing in the way of a compromise.
This morning on American Morning, Kiran Chetry and Ali Velshi talk with Dick Armey, who has been called the "godfather" of the Tea Party. He's a former House Majority Leader and is now the chairman of Freedom Works. He explains why it's important that lawmakers focus on spending cuts during the negotiations.
How the debt talks are affecting small businesses and why they're not hiring
Calling it a Main Street rather than a Wall Street issue, business groups and investors warned the White House yesterday that lawmakers need to act quickly to raise the debt ceiling.
The Business Roundtable sent a letter to lawmakers saying that a failure to raise the debt limit would cause widespread fallout in the global financial markets and raise the costs of financing mortgages, auto loans, credit cards and student loans.
David Martin, President of Home Style Foods and Clint Greenleaf, Chairman and CEO of Greenleaf Book Group, join Ali Velshi today to discuss the budget debate and to explain how their hiring and expansion decisions have been influenced by the negotiations.
What will it take to get a debt ceiling deal done by August? Two strategists weigh in
President Obama is challenging Republican lawmakers on raising the nation's debt ceiling. Talks are expected to resume today and the President is insisting that he won't accept any short-term fix.
What will it take for Democrats and Republicans to come together on a debt ceiling deal?
This morning on American Morning, former White House communications director under President Bush, Nicolle Wallace and CNN political contributor James Carville discuss the possible concessions that need to be made for both sides to come to an agreemnet.
What happens if the U.S. defaults? Major job losses, mortgage rate hikes possible
President Obama and Congressional leaders came up empty again Monday in the talks to raise the nation's debt limit. The President and Hill leaders have agreed to meet again today with just 22 days until our nation's credit card can't cover the bills anymore. And no one knows for sure what could happen to the global economy if the U.S. defaults.
This morning on American Morning, Ali Velshi talks to Jay Powell, former Treasury Under-Secretary in the Bush Administration. He explains the possible outcomes of a U.S. default.
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