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CNNW Fareed Zakaria GPS July 31, 2011

and the role of government. dan akerson, the ceo of general motors, the largest consider manufacturer in the world back from bankruptcy with a bang. then the new head of the imf, france s former finance minister christine lagarde on the fate of america, greece, the euro and more. also the knight s tell particular. why in the world is an 800-year-old religious organization being cited by murderers on at least two continents? finally, what is this green blob attacking china? first here is my take. i know you heard so much about the debt ceiling that you re probably exhausted. i think it s important to point out a few facts because this matter has been so clouded by rhetoric. did you know there is only one other country in the world that even has a debt ceiling? that s denmark. it s a strange anomaly because its debt ceiling is deliberately kept very high so it will never need to be raised. why does no one else have a debt ceiling? because when a legislature votes to ....

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CNNW Fareed Zakaria GPS July 31, 2011

we re watching the breaking news on the floor of the united states senate right now. we re watching and they re close to a deal. close but not there yet. in the meantime, there are some procedural votes under way on the floor of the united states senate. we want to welcome our viewers here in the united states and around the world. i m wolf blitzer reporting from washington. gloria borger, our chief political analyst, is here as well. we have our correspondents standing by on capitol hill as well as over at the white house. but gloria, let s set the scene right now. just saw live here on cnn an extraordinary exchange between senator dick durbin, the democrat from illinois, been a majority whip, the number two democrat in the united states senate, and john mccain, a republican senator from arizona. he was the republican presidential candidate back in 2008. and it was a perfect way to set the scene for this debate that s unfolding, the stakes, the economic stakes for the ....

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CNNW CNN Newsroom July 29, 2011

hands. keep in mind, this is not a situation where the two parties are miles apart. we re in rough agreement about how much spending can be cut responsibly as a first step towards reducing our deficit. we agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform, and i am willing and ready to have that debate. if we need to put in place an enforcement mechanism to hold us accountable for making the reforms, i will support that too if it s done in a smart and balanced way. so there are plenty of ways out of this mess. but we are almost out of time. i want to bring in cnn s joe johns to tell us where things stand at this moment. how is speaker boehner trying to reach his magic number of 217? randy, when i was listening to you at the top sounded like you were describing theater of the absurd. house republicans are inches closer to fixing their problem in the house of representatives. i think we have pictures now of t ....

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