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says a tentative agreement is in place to raise the nation's debt ceiling averting a potential default on the united states' financial obligations. >> it's just been amazing to watch and see the president come out on a sunday night like this, wolf. we'll have complete coverage on every single angle of this story, what's in the deal, lou it finally came about and how all the various players in this debate are reacting tonight. several asian markets already opened, others will be opening soon. we'll take you there live to see how the traders are reacting to this. >> it's been an amaz...

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 ...

at 50 or is it fraught with pitfalls and potholes? >> well, i'm 50, so i think i'm fraught with pitfalls and potholes. tonight, his edgy comedy. >> if you look at my face, i'm a little indian. i'm a little sanjay gupta, but then i'm a little bit mexican as well. so i'm not native american enough to get a casino but i did blackout when i drink occasionally. >> difficult childhood, the end of his marriage, and the woman he says gave him his life and career. his good friend, sandra bullock. plus, an exclusive sneak peek at latest project. george lopez on this hour of george lopez on thi...

we are dedicated to providing you with up-to-the minute cov coverage on the debt crisis. tomorrow night we're bringing you a special report. beginning at 9:00 p.m. eastern wolf blitzer and i will break youn the hurdles and options as we near the deadline for reaching a deal to avoid defa t default. tomorrow night, 9:00 p.m. eastern right here on cnn. those are your headlines this hour. stay tuned. i'm don lemon. see you back here at 10:00 p.m. eastern with the latest on the negotiations in washington. tonight, george lopez, one of the funniest guys on late night tv. i have a bone t...

having it? >> it's not that simple. they have to come up with some compromise, some sort of plan that can pass the senate and go back to the house of representatives and pass there something that the president could sign that would allow the united states to raise the debt ceiling and avert some sort of financial disaster come tuesday. it's not simple at all, so they need to work together. the mainstream, main leadership, democrats and republicans, they need to find a way to come up with the bare minimum to get over this hump. it's a huge, huge obstacle, standing in the way of an mec...