delayed. police in texas say a muslim american soldier confessed to plotting an attack on ft. hood just two years after a muslim officer shot to death 13 people on that same base. tropical storm don could hit the south texas coast tonight and drought-stricken farmers are welcoming the prospect of up to 7 inches of rain. we begin with that sobering reality check on the debt crisis and just how daunting the challenge has become. in less than four days, the federal government could run out of money and default on its bills. but on capitol hill, the process has taken a huge step back. house speaker john boehner abruptly delayed a vote on his debt plan because of a revolt within his own party. joe johns is in washington with more on the political battle and ali velshi in new york waiting to see how the markets will react. ali, let s start with you. the new gdp number that just came out moments ago. reporter: this is going to add a whole new wrinkle. we have seen futures tank
offer the spending and deficit cuts that republicans thought it would. cnn s chief white house correspondent jessica yellin spends the next 18 seconds giving us the big picture. reporter: what s happening now is democrats are waiting. they re just waiting to see what happens with the republican s bill before making their own move in the senate. the big picture here is neither the republican s bill in the house nor the democrats bill in the senate seems to have the votes to get through both houses of congress. so we re back at stalemate. and so it s wednesday and there s no deal. the ted line is tuesday of next week. if congress can t get it done by then, you could start to see higher interest rates, a declining dollar and other problems. the white house website has put up a chart that breaks down the u.s. debt by administration over the last ten years. i was just looking at it. more than $3.5 trillion because of changes to the economy, not policy changes, but less tax in
i m christine romans. house speaker john boehner says no way to the president s plan. he has another solution and it s simply says, spend less. i m ali velshi. congressional websites crash. what president obama said that had a number of websites going off-line. details coming up on this american morning. thanks for being with us. tuesday, july 26th. welcome to american morning. we all stayed up later than usual last night to get a chance to hear from the president about this debt ceiling showdown as well as from the house speaker. and still divided this morning. they are still divided with different plans, different ideas how to get us out of the mess. didn t you both think maybe they got something, something happened. i didn t think there was a deal. i m always the optimist. lots of ideas, plans, but no agreement. start there with the debt crisis looming, president obama, house speaker john boehner took their cases for getting a deal done directly to the
tom is a man who can make just about everything funny. tonight he sits down with me for a candid conversation about his battle with various addictions, his brain chemistry changes, cocaine, alcohol, and all those drugs and it didn t give me what i was looking for. the roller coaster life. i was getting married a bunch. tom arnold for the hour. this is piers morgan tonight. my special guest, tom arnold. tom, you ve got a new dvd out, tom arnold, that s my story and i m sticking to it. what does if mean? they are my points of view on different things and i think it is just a play on that. i talk about i have a certain amount of relationships, maybe about people you know, friends of mine, most of them. it is a remarkably candid thing to watch. you ve had quite a life. to put it mildly. haven t you? i think if you do stand-up, the kind of stand-up i like, you got to tell the truth and hopefully you ve had some interesting things. the saddest things, most painf
i m don lemon. you re in the cnn newsroom. if you weren t paying close attention to the deficit and the debt ceiling talks in washington, you really need to now. a sunday filled with tv talking points face-to-face meetings and party conference calls brought the debt ceiling debate back to the very beginning. a little stalemate tonight and traders worldwide are surely taking notice, several overseas markets have opened lower in monday trading and the u.s. stock futures and trending they re trending lower right now. in washington this hour, power brokers from the president to the house speaker are standing firm unwilling to abandon their positions. our correspondent, our congressional correspondent kate bolduan has been tracking the events for us all day in d.c. and joins me now. kate, where do we stand right now. reporter: bottom line, don, after a long weekend of work and of meetings and a lot of negotiating there is no deal between congressional leaders and the white