American Morning
Gene Sperling: 'We just need a minimum amount of compromise'
Last night, President Obama called for "a balanced approach" to addressing the nation's deficit that includes large spending cuts along with revenue hikes - including a halt to Bush-era tax cuts for families earning more than $250,000 a year.
House Speaker John Boehner showed no sign of moving off his party's opposition to any kind of increase in taxes, signaling that there is still a great divide amongst lawmakers about the correct way to address the nation's debt.
Today on American Morning, President Obama's top economic adviser Gene Sperling spoke with Ali Velshi about the possibility of a compromise in the debt-ceiling negotiations, appearing to remain optimistic despite the continuing impasse in negotiations.
"There is a lot of goodwill that I still believe exists in this country in Washington and we just need a basic, a minimum amount of compromise," Sperling, Director of the National Economic Council, told Velshi. "A minimum amount of not my way or the highway and we can get there easily this week."
Political Panel: Is there time left for a grand compromise in debt talks?
The political showdown on the debt-ceiling negotiations continued last night after months of increasingly tense talks have failed to bring a deal that can win approval from all of the necessary players - the Republican-led House, Democratic-led Senate and the White House.
Obama has pushed for a comprehensive plan that included spending cuts, increased tax revenue and entitlement reforms, while Republicans have sought to shrink government by proposing spending cuts and reforms without increased revenue.
CNN senior political analyst Ron Brownstein and Norman Ornstein, resident scholar at the American Enterprise Institute, joined Ali Velshi and Christine Romans on American Morning today to discuss the various plans being proposed on Capitol Hill and to weigh in on America's growing exasperation with the stalemate.
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.
Drug prices to get cheaper as patents expire
Over the next 14 months, generic drugs for seven of the world's best-selling drugs will become available as brand-name drug patents expire, including the top two: cholesterol fighter Lipitor and blood thinner Plavix.
Competition from generic drugs will decrease brand-name sales, causing drug prices to plummet for patients and health providers.
Today on American Morning, senior medical correspondent Elizabeth Cohen breaks down which drugs will decrease in price and discusses how much money Americans will save when they go generic.
Question of the Day: If you had the budget ax, what would you cut first and what would you keep?
(CNN) - Last night, President Barack Obama called on the American public to pressure elected officials to work out a compromise to raise the federal debt ceiling and avoid a potentially devastating default.
The president's speech was intended to convince an increasingly frustrated and concerned public that Obama's approach to dealing with mounting deficits is better for working class Americans and the nation as a whole.
In a televised response, Boehner argued the opposite, saying that excessive government spending caused the problems the nation faces and cutting that spending is the only way to solve the problem.
American Morning wants to know: If you had the budget ax, what would you cut first and what would you keep?
Post your response here. Your answer could be included in this morning's broadcast.
Perry's Principles: Does school discipline go overboard?
According to a new study released by the Council of State Governments, almost 60 percent of Texas public school students received punishments ranging from expulsion to in-school suspensions of a single period at least once between seventh and 12th grades.
The study also found that black and Latino students are suspended at much higher rates than white students.
Steve Perry, CNN education contributor, joins Ali Velshi on American Morning today to discuss these alarming disciplinary statistics and to weigh in on when suspensions are an effective disciplinary tool versus when they go too far.
About this Show
Welcome to the American Morning blog where you can get daily news updates from American Morning's reporters and producers. Join us for "the most news in the morning," weekdays from 6-9 a.m. ET, only on CNN.
On Twitter
