market, folks. we are going to find out what is causing the latest very disappointing trend that you need to know about with regard to your home. and seven teenagers rushed by a grizzly while hiking lieu the alaskan wilderness. we will talk to one of the people who helps run that program in ten minutes from now. i would say that it was just general chaos. i believe we startled the bear, and so when grizzly bears are startled they attack. [ male announcer ] this is lisa, who tries to stay ahd of her class.
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
martha: new fears that a serial arsonist is on the loose in north hollywood. police detectives are also working on this case. apartment buildings, a motor home and several other vehicles have been set aflame. and making matters worse the arsonist is striking in the early morning hours when many people are fast a sleep of course. then there are shocking details on this horrifying bear attack. seven teenagers in a leadership program were rushed by a grizzly while they were on a survival skills course in the alaskan wilderness. two of the boys were brutally mauled. right now they are both we understand in critical condition. trace gallagher has more on this for us from l.a. reporter: this is a month
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
live on capitol hill correspondent. you ve been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what s in the latest plan. i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he s saying as afghanistan and iraq wrap up, there s about a trillion dollars in savings. that s kind of controversial, brooke, because republicans don t count that money. but bottom line, $2.7 trillion all in savings cuts. you might like all them. that s what he s saying. he has a longer term committee in here but it would just make recommendations for long-term reform, really would have a vote on that but wouldn t force those reforms to happen. so i want to look at th