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>> i'm christine romans. house speaker john boehner says no way to the president's plan. he has another solution and it's simply says, spend less. >> i'm ali velshi. congressional websites crash. what president obama said that had a number of websites going off-line. details coming up on this "american morning." thanks for being with us. tuesday, july 26th. welcome to "american morning." we all stayed up later than usual last night to get a chance to hear from the president about this debt ceiling showdown as well as from the house speaker. >> and still divided this morning. they a...

on this debate before it's too late. and a disturbing new study revealing a widening gap between minorities and the wealthiest americans in the wake of a devastating recession. i'm wolf blitzer here in the situation room. first to what many say is shaping up to be an economic disaster of nearly unprecedented proportions if congress doesn't break the deadlock and agree on a deal to raise the debt ceiling only six days from now. the white house warning today there's no more wiggle room and beyond that date, quote, we lose our capacity to borrow. if that happens, interest rates could go...

downgrade the nation's credit even if a deal is reached. even if a deal is reached. it's 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 invoked the words of ronald reagan and also acknowledged how sharply divided washington is while ...

good evening everyone. breaking news, president obama's primetime call for a deal to end the debt crisis and house speaker john boehner's 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 nation's credit even if a deal is reached. even if a deal is reached they may downgrade the credit. it's triple-a, that's nearly as good as cash or gold...

weekend. markets around the world are falling. this will have a direct effect on your 401(k). >> i'm 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 he'll 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. let's get you right to it. >> glad you're back. it has been a very, very busy news time. >> it sure has. >> while you've been gone. and they solv...