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July 31st, 2011
01:55 PM 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.

Filed under: Debt Ceiling • Economy • Mark Zandi • Newsmakers • State of the Union
July 31st, 2011
12:09 PM ET

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."

Filed under: Debt Ceiling • Economy • Gene Sperling • Newsmakers • State of the Union • White House
July 31st, 2011
11:31 AM ET

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."

Filed under: Charles Schumer • Debt Ceiling • Economy • Newsmakers • State of the Union
July 31st, 2011
11:22 AM ET

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."

Filed under: Debt Ceiling • Economy • Mitch McConnell • Newsmakers • State of the Union
July 31st, 2011
05:20 AM ET

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.