Sunday at 9AM & NOON ET
Zandi heaps praise on possible plan
Mark Zandi, chief economist for Moody's Analytics, says he thinks the deal being discussed 'should avoid' a downgrade.
WH budget chief says no new revenue
White House economic adviser Gene Sperling says any deal to raise the debt ceiling will not bring in new revenue. "Nobody is talking about raising any revenues over the next year and a half. [Obama] has been pushing very hard to cut taxes with the payroll tax cut extension for next year."
Schumer: No deal, but 'relief'
Democratic Sen. Chuck Schumer sounded optimistic Sunday morning about a deal that would avert a fiscal crisis. "If there's a word that would right here that would sum up the mood, it would be relief. ... there is no final agreement... but default is far less of a possibility now than it was even a day ago."
McConnell: $3 trillion in cuts on table
Senate Majority Leader Mitch McConnell outlined the deal that's being discussed to raise the debt ceiling. "I'm very close to being able to recommend to my members that we have an agreement here that I'll be able to consider supporting."
State of the Union Early Bird for July 31, 2011
(CNN)-It's early, and State of the Union is bringing you the best of the morning headlines to go with your cup of coffee.
This morning our guest host Gloria Borger will be bringing you the very latest on the debt ceiling negotiations, so be sure to watch our live interview with Senate Minority Leader Mitch McConnell at 9am ET.
About This Show
From the country’s major political and policy issues to diplomacy on the global stage, State of the Union with Candy Crowley brings in the world’s top newsmakers and analysts to deliver the smartest, most comprehensive look at what matters most to you. Sundays at 9am and Noon ET.
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