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Republicans as being the main stumbling block to reaching an agreement. what really happened behind doors? senator joins us live. thank you for your time. we know you have been on a bit of a roller coast are the last few days, what happened? >> well, i'm terribly disappoint the. i really am. this was a huge opportunity for us to do something really meaningful, thank that would lead to strong economic growth and job creation and again to put our federal government on a sustainable fiscal path that we certainly are not on now. but at the end of the day, and you touched on this in your earlier se...

Republicans as being the main stumbling block to reaching an agreement. what really happened behind doors? senator joins us live. thank you for your time. we know you have been on a bit of a roller coast are the last few days, what happened? >> well, i'm terribly disappoint the. i really am. this was a huge opportunity for us to do something really meaningful, thank that would lead to strong economic growth and job creation and again to put our federal government on a sustainable fiscal path that we certainly are not on now. but at the end of the day, and you touched on this in your earlier se...

The current tax code. not everyone in our party was happy. we offered this reform but republicans put forth good faith offers that would address democrats' demands for more revenues. jeb henserling writes in "the wall street journal" today, that's what it came down to. the democrats were absolutely inflexible. they had to have $1 trillion in taxes. >> and pat toomey was the guy who actually put forward. he was on the super committee. he's the one who put forward that revised tax plan. that, as boehner says, a lot of republicans were not on board with that. he was at least trying to look for a ...

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. let's get to it. >> it does feel like dueling bangoes, doesn't it? when you hear both sides of the debate they're dug in but insist they're 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. >> two maker developments in the debt crisis, following minute by minute here. six days until the dea...

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 plans, two different bills on the table. one from democratic leader, senate majority leader harry reid, ...