American Morning
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.
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.
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 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.
Van Hollen: Democrats not going to support a budget on the backs of Social Security beneficiaries
Representative Chris Van Hollen (D-Md.), ranking member of the House Budget Committee, said on Tuesday that senior House Republican Eric Cantor's offer to scale back on tax breaks did not "break new ground," casting doubt on the idea that the budget negotiations are progressing.
Nevertheless, Democratic and Republican Congressional leaders are set to meet with President Obama today at the White House to continue talks to raise the nation’s debt limit and reduce the deficit.
Representative Hollen joins Ali Velshi today on American Morning to discuss the negotiations and what concessions he is willing to make to the Republicans in order to reach a deal by August second.
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