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split, 6-6 along party lines. theyll have until thanksgiving to come up with a package of cuts and/or taxes to get the $1.5 trillion. now, congress would then vote up or down on the entire chunk. they have to vote. but remember, the supercommittee was set up to do what congress and the white house failed to do. keeping them honest tonight, its not like this is the first time politicians have decided to set up a committee to do what they themselves have failed to do. in targets we have ...

leaders each get to name three members. meaning the panel will be evenly split, 6-6 along party lines. theyll have until thanksgiving to come up with a package of cuts and/or taxes to get the $1.5 trillion. now, congress would then vote up or down on the entire chunk. they have to vote. but remember, the supercommittee was set up to do what congress and the white house failed to do. keeping them honest tonight, its not like this is the first time politicians have decided to set up a co...

can pass it in the next day or two and avert the first default on our national debt in history. >> i am worried about the size of defense cuts that may be contemplated, but that doesnt mean im therefore rejecting the agreement. im just worried. >> this is a head scratcher. stocks take a tumble after the debt relief rally that happened earlier this morning. the dow surged more than 120 points, but a weak manufacturing report, just sanction the market. stocks posting the worst weekly per...

this "american morning.". busy weekend. good morning, august 1st. a lot going on today. >> it was an agonizing weekend and we were all up late last night. e-mails flying at midnight. >> it was busy. >> but things are a little brighter today than they were last night and saturday night and a little brighter. >> tiny bit. we start with that possible break-through in the debt ceiling crisis. in a few hours the house and senate are expected to vote on a plan by president obama and congre...

spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reids plan cant pass the house, and not only is boehners plan doomed in the senate, a great many house republicans dont like it either. so what happens now? we...

were just getting the information in. that means that the players vote will happen later today in more of a formal setting. training camp could start as early as wednesday now, weve been told. david mattingly has been following this for us. he has been live out of atlanta every day, at least he was last week when those negotiations were taking place. david, did you just get word that something came forward just moments ago? >> reporter: reading and finding out now is that the nfl playe...

live on capitol hill correspondent. youve been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. whats in the latest plan. >> i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of...

officials say nothing suggests an attack is imminent. they only say recent incidents reinforce the terror threat. and hope for a grand debt fix was dimmed just a bit in washington. some democrats and republicans are picking apart the latest plan with the same old complaints. liberals say it cuts social security and medicare. conservatives say it raises taxes. republicans have refused to raise the nations debt limit without deep spending cuts and no tax increases. the deadline now is ...

>> the house of representatives sending a powerful message to president obama that they want more clarity in the u.s. mission in libya. in a vote of 268-145 the house passed a resolution put forth by speaker boehner that would force the white house to make its case for military involvement in the next two weeks. they have to explain themselves and. calls on the president to divulge how much the pentagon is spending and prohibits any u.s. ground troops deployment. pentagon and nato have been flyi...

Gives the president to consult congress about military action have come and gone. today, house speaker john boehner libya resolution passed by a vote of 268 to 145. it requires the president to answer within the next two weeks. some tough questions about the military ongoing air war over libya. and bars ground troops being introduce in the libya conflict, despite nato indications that may be needed. democratic congressman dennis kucinich introduced his own resolution which ultimately failed. it ...