Page 32 - Debt Talks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

the process, for that, i want you to take a look here. i will not try and walk you through it. it's a mess. the bottom line is 917 billion dml spending cuts with a special committee in charge of finding $1.5 trillion cuts by the end of the year, and the debt limit rises by $900 billion now, and $1.5 later. already, there is one potential wrinkle here. the nonpartisan budget congressional office says the plan would cut spending only by 1.5 trillion, not 2.4 trillion. we are following all the claims and repercussions as only cnn can. by colleagues join me, and if you don't believe this...

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 congressional leaders to raise america's borrowing limit in exchange for massive spending cuts. >> i want ...

and the lead economic adviser. and then mark sandy to tell us whether a deal with save the u.s. credit rating, and finally presidential politics. candy crowley in iowa with candidate, tim pawlenty. >> you can be both strong and pleasant and nice. those are not contradictory things. >> i am gloria borger in for candy crowley, and this is st e "state of the union." mitch mcconnell yesterday demanded that president obama get personally involved in the debt talks and he soon got his wish, and now there are reports this morning a plan is near. mitch mcconnell, thank you for being with us....

washington doesn't reach a deal. so let's go there now. our congressional correspondent kate bolduan standing by as she has for so many hour. i hear nancy pelosi, democrats' leader in the house also weighing in? >> reporter: she. behind closed doors for most of the day meeting with democratic leadership and came out a short time ago and, of course, was asked the question on everyone's mind. do you have a deal? have you signed on to a deal? while she wouldn't endorse a deal, she wouldn't shoot one down. she said she needs to speak with her democratic members in the house first. listen...

>> reporter: i think it's a step in the right direction in terms of reaching a compromise. the big question remains while we have heard that harry reid signed off on the deal, where do republicans -- the key republican negotiators in this whole deal, where do they stand on the issue? in the house as well as in the senate. well, we're still obviously looking to get guidance on that. we have heard from one top senate republican leadership aide who said at least -- at least right now they're not there yet saying the agreement is not done and that they're still working on it. so it seems...