Page 27 - Breathing Intelligence News Today

there are signs of deep trouble in the house of representatives. speaker john boehner is trying to rally enough votes for the debt crisis. his republicans in the red hold a substantial majority. at least 60 of their members shown here in yellow are affiliated with the tea party. they are pushing against a compromise with the democrats over here. they appear to have risen in revolt, once again. how many? we dont know. the speaker has to bring roughly two-thirds of them into his camp if ...

good morning. great to see you this morning. thursday, july 28. this is "american morning." advice teen out. we know yesterday a little stuffy. >> she sounded. >> it she is getting better hopefully at home today. a lot going on. >> imagine what our lead story is now? its the debt. the republicans are scrambling to line up house votes to stave off a potential first ever default of u.s. debt. the deadline, you know, this, august 2 now less than five days away. the house is expected to vo...

john boehner, still a few votes short as he tries to muscle his plan through the house of representatives and send the message to the democrat-controlled senate and the democratic-controlled white house. however, were in limbo tonight as this drama plays out. the speaker in his office with his top deputies. were told pizza brought in a short time ago. theyre trying desperately to round up the last few votes they need to get this vote through the house tonight. the vote has been delayed...

impact nationwide on an all fragile recovery. >> a default and the ripple effect i think would be impactful and representing our consumers, we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. >> thats here at home. then there are global worries. concerns that a default or even a close call here could rattle international markets and international economies like that domino effect back after the big wall street m...

why congress may have breathing room when it comes to raising the debt ceiling on this "american morning." and good morning, everyone. it is wednesday, july 27th. this is "american morning." a lot going on today. lets get to it. >> it does feel like dueling bangoes, doesnt it? when you hear both sides of the debate theyre dug in but insist theyre right. >> and a growing number of americans want them not to be. >> they all say god bless america. how we get there is the question. >> tw...

boehners plan has now checked harry reeds. today those same bean counters are saying, yep, reeds numbers are wrong as well. but they also say that when its all said and done, reeds deficit cutting trumps boehners by, listen to this, more a trillion dollars. reeds plan, ten years, $2.2 trillion in net debt reduction. meantime boehners plan $850 billion. again, six days until default. so what about the white house here? no debt meetings, not today, at least not publicly on the presidents...

for post august 2nd if no plan is agreed to. if the treasury couldnt meet its obligations, a bill being circulated would prioritize payments, social security checks and paychecks for troops. everything else would be covered if possible with cash on hand or put off until we can take on more debt. two main default avoidance plans remain on the table right now. speaker boehners plan would raise the debt ceiling twice, this year and next, with spending cuts now and an election year overhau...

downgrade the nations credit even if a deal is reached. even if a deal is reached. its a aaa, nearly as good as cash or gold and has been almost from the begin. losing that status would raise interest rates for all of us, make mortgages cost more, stifle the economy, possibly trigger a run on the dollar. tonight, president obama restated his desire for a deal that includes tax increases on wealthier americans as well as spending cuts. he cited statistics appealing to bipartisanship and...

good evening everyone. breaking news, president obamas primetime call for a deal to end the debt crisis and house speaker john boehners response. the speech is coming with two competing proposals on the table. one from senate democrats and the other from house republicans, neither of which is looking very likely to pass. meantime, seven days until the government runs out of money and rating agencies are threatening to downgrade the nations credit even if a deal is reached. even if a de...

cnn congressional correspondent kate bolduan joins us now from capitol hill, what is the latest? >> reporter: you know the cbo numbers, the congressional budget office, jessica, this office that scores, gives a cost estimate, for legislation, its very critical, and this evening it came out the cbo brought out -- gave out its estimate, and it says that the speaker boehners bill falls short of what its target was. it says that it would only reduce the deficit by $850 billion, rather than...