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why congress may have breathing room when it comes to raising the debt ceiling on this american morning. and good morning, everyone. it is wednesday, july 27th. this is american morning. a lot going on today. let s get to it. it does feel like dueling bangoes, doesn t it? when you hear both sides of the debate they re dug in but insist they re right. and a growing number of americans want them not to be. they all say god bless america. how we get there is the question. two maker developments in the debt crisis, following minute by minute here. six days until the deadline and house speaker john boehner s plan is coming under fire from members of his own party. he s going back to the drawing board because the numbers don t add up. today s vote has been postponed and in just a few hours, house republicans will meet again as john boehner says that they are looking for more cuts and deeper cuts. this is the plan. i ve got it here. 57 pages. what happens when ....
on this debate before it s too late. and a disturbing new study revealing a widening gap between minorities and the wealthiest americans in the wake of a devastating recession. i m wolf blitzer here in the situation room. first to what many say is shaping up to be an economic disaster of nearly unprecedented proportions if congress doesn t break the deadlock and agree on a deal to raise the debt ceiling only six days from now. the white house warning today there s no more wiggle room and beyond that date, quote, we lose our capacity to borrow. if that happens, interest rates could go up, the value of the dollar could go down. individual mortgages, car loans, student loans, and a lot more could likely suffer significantly, becoming more significant. some financial analysts are even warning of a potential stock market crash. all of that could push the united states into another great recession. let s go straight to capitol hill. our congressional correspondent kate baldwi ....