Page 150 - Wu News Today

folks, its july 27th. welcome to groundhog day. the only movement is closer to the august 2nd deadline. less than six days the federal government could run out of money and default on its bills. next hour on capitol hill, the dooms day scenario is laid out. executives from credit rating agencies will warn lawmakers of the far-reaching impact of a u.s. downgrade. one debt plan, backed by house speaker john boehner, is yanked from a scheduled vote. the congressional budget office says it...

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...

veterans group there at pennsylvania avenue being briefed on what could happen to their ranks if the debt ceiling is not raised. also cnn is learning some states making contingency plans. california specifically taking out a temporary $5 billion loan just to help pay its bills in case congress fails to act and turmoil in the credit market makes it difficult to borrow money after august 2nd. take a walk with me. i want to look at what exactly is proposed here. we have two different plan...

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...

blame. the debt crisis, here you go. the deepening stalemate. president obama reaches out to a new player and the game is you. in norway, breiviks father wish his son would have killed himself rather than slaughter dozens of people. bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs o...

word. >> the truth is that the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. >> as makeshift memorials spring up across norway, police and the public are searching for answers to fridays deadly attacks. the lawyer and suspect, anders breivik, the lawyer said his client is in insane. the suspects father, who doesnt want to be identified, agrees. >> translator: no, ill never have more contact with him in my darkest momen...

weekend. markets around the world are falling. this will have a direct effect on your 401(k). >> im ali velshi. the norway terror suspect who admits killing 93 on friday is expected to appear in court in the next hour. his lawyers says hell explain himself. little comfort to a grieving nation trying to make sense of a massacre, on this "american morning." good morning. it is monday, july 25th. this is "american morning." a lot going on. lets get you right to it. >> glad youre back. i...

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...

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...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling americas national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nations debt ceiling. failure to do so could downgrade americas debt rating and could be extremely damaging for global economy purposes. lets get all the angles. weve just learned the president will be addressing the natio...