part of it happens to be wishful thinking because the health, the state of this economy matters more to donald trump, you could argue, than it does for any of his predecessors. because as you all know his approval rating stands at 43%, a large part, the way in which americans view his handling of the economy. if there s a recession or the economy crater on his watch, one imagines what would happen to his standing particularly an election year. many say it s too early to make a determination what the economy may mean for him electorally and at the moment, craig, they re signaling no changes to his messaging. justin, stand by for me. ms. ruhle, i ll turn to you to separate fact from fiction. fact, they don t talk about recessions on sesame street. fact, every day i invite members of this administration who work on economic policy to come on our programming and discuss the economy. so kelly ann conway, that is incorrect.
this american morning. . busy weekend. good morning, august 1st. a lot going on today. it was an agonizing weekend and we were all up late last night. e-mails flying at midnight. it was busy. but things are a little brighter today than they were last night and saturday night and a little brighter. tiny bit. we start with that possible break-through in the debt ceiling crisis. in a few hours the house and senate are expected to vote on a plan by president obama and congressional leaders to raise america s borrowing limit in exchange for massive spending cuts. i want to announce that leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default. the default that would have had a devastating effect on our economy. a sense of what the agreement looks like, going to increase the debt ceiling by up to $2.4 trillion. that is enough to get us through 2012, we hope. the plan also includes $917 billion in immediate spen