nearly three years ago. occupy wall street protesters were met by police. clashes break out, arrests were made. on this american morning. good morning to you. it is thursday, october 27. welcome to american morning an incredibly busy morning. it sure is we start with europe. investors across the globe, news they ve been waiting for. europe striking a deal to address its long-running debt crisis. this agreement made overnight after a marathon 11 hours of talks. that has sparked a major rally in europe and asia. u.s. stock futures are also significantly higher. we begin coverage this morning in brussels, belgium. after 11 hours of fraught negotiations, eu leaders did finally manage to come up with what they call a lasting and incredible agreement to solve the eurozone debt crisis once and for all. here it is. in the 15-page draft communique that was wrapped up soon after talks, they aim to solve problems. these leaders decided to boost the eurozone firepower or esff
social unrest and pushing for a plan for raising taxes on the wealthy. it appears the politics of division are making a great comeback. instead of working together where we agree, the president has opted for divisive rhetoric and broken politics of the past. he s going from town to town impugning the motives of republicans setting up scapegoats and engaging in lazy arguments as he tries to build support for punitive tax hikes on job creators. he went on to say that many americans share my disappointment. here is language that ryan and other republicans are objecting to. their plan which is have dirtier air, dirtier water, less people with health insurance. all right. so far at least i feel better about my plan. president obama in north carolina last week suggesting the republicans favor pollution and letting people go without health insurance. here s vice president joe biden when asked by a reporter about the stakes involved in the president s plan to pay to keep loca
hit by an interest hike. let s all go outfront. i m erin burnett. outfront, count down to another downgrade of america? the super committee held a rare public hearing today. they re the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don t do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd, that is the deadline for the final submission. and then december 23rd, the final deadline when congress must up or down vote that plan. the committee must come to an agreement, and congress has to pass it or automatic across the board cuts will be made, half of them coming from our defense budget. the problem is those cuts don t come until 2013. they are too small to prevent more downgrades. yes, thanks to congress, america s economic standing in the world is on
i m erin burnett. outfront, count down to another downgrade of america? the super committee held a rare public hearing today. they re the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don t do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd, that is the deadline for the final submission. and then december 23rd, the final deadline when congress must up or down vote that plan. the committee must come to an agreement, and congress has to pass it or automatic across the board cuts will be made, half of them coming from our defense budget. the problem is those cuts don t come until 2013. they are too small to prevent more downgrades. yes, thanks to congress, america s economic standing in the world is on the verge of another downgrade. economist ethan har
breakthrough for mitt romney? he s ahead of his rivals in four early voting states. we have the results of the latest cnn/time/orc poll. plus, this is sure to wake you up. bp has gotten the green tlit drill in the gulf of mexico. good morning to you. it s thursday, october 27th. this is your a.m. wake-up call. wall street investors are waking up to some encouraging news to the delight of the united states and markets around the globe. unileaders have worked out a deal to resolve the debt crisis. the agreement came after ten hours of tough negotiations in brussels. as part of the plan, banks agreed to take a 50% loss on greek bonds. the region s banks also must raise about $150 billion in new capital to protect themselves from potential debt defaults. and the plan calls for expanding the region s emergency bailout fund. now this debt deal is full of complicated details which must be finalized in the coming days and weeks. joining us now from hong kong with his take on th