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>> hes running for reelection. hes sago owe im saying hes got a lot of explaining to do about the economy if thats what hes out talking about. i dont think the folks in iowa are going to be real excited about unemployment rate where it is and the number of americans who are out of work. this president has been an ab jekt failure when it comes to the economy. >> republican candidate michele bachmanns bus will be in dpreenville and spartanburg, south carolina, today. today is the natio...

did too! now hear -- lets hear a little bit from all eight candidates. >> we should not have increased the debt ceiling. >> a better tax structure, lower taxes, invite capital back into this country, get a lot less regulations. >> take the corporate rate and cut it to zero for manufacturers. cut that tax to zero, our jobs will come back. >> going to the american people with clarity, creating a sense of urgency, and building a bipartisan majority. >> seven things come to mind. one is to...

dark studio. but were going to improve, i promise. the big stories are the u.s. markets. the markets tanked again yesterday. the dow, the nasdaq and s&p were down 4% but good news for stocks futures. premarket trading is all up across the board this morning but remember, futures doesnt mean much until 6:00 a.m. eastern time. lets see how the worlds money is doing this morning. andrew stevens is joining us live from hong kong, so tell us something good. >> i with us going to tell you so...

one assistant chief con stanl calls it unjustified acts of wanton krlt. nearly 800 people arrested for violence, disorder and looting. more than 100 officers have been hurt. the streets have been calmer, probably because there are twice as many police on the streets as there was a night before. amazon uk reports sales of lull num baseball bats are up 8,000% since the violence broke out. prime minister, david cameron meets with his crisis response committee, and hes called lawmakers fro...

complicated partisan bickering. the senate went o recess without giving the agency a short-term funding extension. president obama believes the issue will be resolved by the end of the week. the transportation secretary says you have nothing to worry about when you fly. ill be speaking to him later on "american morning." president obama turns 50 today. he qualifies for a free scoop at baskin-robbins. and he got a surprise in chicago ♪ happy birthday to you ♪ happy birthday to you...

this year. there you can see him. its an extraordinary turn-around in the fortunes of hosni mubarak, from long-time iron-fisted ruler to inform, elderly defendant. he faces the death penalty if found guilty. cnns mohammed jamjoom is in cairo and he joins us. what can you tell us about these developments? >> reporter: we cant stress enough just how historic this is. its unprecedented a ruler like hosni mubarak, the deposed leader of egypt would be in that courtroom wearing a prisoners u...

trillion in cuts over ten years, raises the debt ceiling about about the same amount, sets up a bipartisan committee to find other ways to trim another trillion and change from the deficit. think of it as a deficit posse. it calls for both chamber of commerce eventually to pass a balanced budget amendment to the constitution. they dont actually have to pass it, they just have to vote on it. and the president and house speaker admit that the plan is not perfect, but hey, theres a deadli...

offer the spending and deficit cuts that republicans thought it would. cnns chief white house correspondent jessica yellin spends the next 18 seconds giving us the big picture. >> reporter: whats happening now is democrats are waiting. theyre just waiting to see what happens with the republicans bill before making their own move in the senate. the big picture here is neither the republicans bill in the house nor the democrats bill in the senate seems to have the votes to get through bo...

nation last night. two men and two parties clearly are not on the same page. its possible theyre not even reading from the same book. heres the president, the speaker of the house and then a quick word from cnns senior political analyst david gergen. >> temporarily raise the debt ceiling will force us once again to face the threat of default just six months from now. in other words, it doesnt solve the problem. >> i want you to know that i made a sincere effort to work with the preside...

ive never taken my last offer off the table. and theyve never agreed to my last offer. >> boehner says house legislation needs to be posted on-line today and voted on on wednesday if they want to raise the debt ceiling by the august 22nd deadline. timothy geithner is the guy who might not have the money to pay the countrys bills on time. heres what he told cnns candy crowley on "state of the union." >> what we cannot do, this is very important, it would be irresponsible, is to leave th...