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 solved the debt crisis while i was away wrong. a new and powerful force is now entering the debt ceiling debate and as christine said it s the financial markets. the most important at this point. that s what it s about. the markets are down overseas in hong kong and japan, they closed down as efforts to reach an agreement in washington over the weekend failed and this morning, with just eight days
i ve never taken my last offer off the table. and they ve never agreed to my last offer. boehner says house legislation needs to be posted on-line today and voted on on wednesday if they want to raise the debt ceiling by the august 22nd deadline. timothy geithner is the guy who might not have the money to pay the country s bills on time. here s what he told cnn s candy crowley on state of the union. what we cannot do, this is very important, it would be irresponsible, is to leave the threat of default hanging over the american economy for a longer period of time. back in january, more than seven months ago, we started this process of working with the congress to get them to raise the debt limit so we could avoid a default crisis. it s taken us seven months. we re not nowhere, but almost out of runway. geithner says it s okay to do this in stages, raise the debt ceiling with spending cuts now and work out broader tax reform next year. but you heard him say that getting
millions of dollars in tv ads and taken a sure lead into a deficit. he s going the try to reverse some of that momentum today. he used jeb bush in ads and now mitt romney and mitt romney by the way was the first major republican to jump on the nikki haley bandwagon and not an endorsement people think won t help that much. it certainly will help in a place he needs it most and that s the pocketbook. he is short of a lot of money. scott has got billions to spend at this point. scott, by the way, challenged mccullum to four debates. think eve ducked it. the problem that he faces, though, is that he s in a deficit. he s trailing. and scott is dominating the air waves so the romney endorsement is as much about financial as anything else and will be at a couple fund-raisers in miami and coral gables for him this week.
been scheduled yet. after a stop in el paso, texas, yesterday to talk about immigration reform the president attended a couple fund-raisers in austin, texas, these are his first campaign appearances since bin laden s death and the paying crowd showed their appreciation. thank you for getting bin laden. there you go. case in point. it should inspire us to fin whash we started. we re taking the fight to al qaeda and because of the extraordinary bravery of the men and women who wear this nation s uniform and the outstanding work of our intelligence agencies, osama bin laden will never again threaten the united states of america. [ applause ] the obama administration was hoeng hoping to raise $2 million. really it s the obama campaign. tickets averaged about $1,000 each with some going for nearly $30,000 apiece. and former house speaker newt gingrich is about to announce he is in.