presidential election. the caucuses aren t until it s winter, until snow on the ground. at least it s been entertaining. up first texas governor rick perry on the attack in new hampshire. hit the ground running and hitting president obama hard calling his handling of the economy a disaster. he s not backing down from his verbal assault in iowa this week on fed chairman ben bernanke. here s what governor perry said. if this guy prints more money, between now and the election, i don t know what you all would do to him in iowa, but we d we would treat him pretty ugly down in texas. i mean, printing more money, to play politics at this particular time in american history, is almost treasonous in my opinion. this morning, governor perry is headlining the politics and eggs breakfast in new hampshire. cnn senior political editor mark preston is covering that event and joins us live from bedford. the texas governor, i m telling you he s backing up his comments about berna
london as police struggle to take back control of their streets. now americans are being urged to use caution when traveling around the city. good morning again. i m carol costello. three members of the congressional super committee have been chosen. nine more to go. there are 12. they will have 90 days to come up with $1.5 trillion in spending cuts. the selections and reaction to them on this american morning. all right. good morning, it is wednesday august 10th. ali is off today after working i think 15 or 16 straight days covering the markets and all that. more on the markets and the economy in just a moment. you seem a little short today. i know. i have a high chair. i think so. i like that. you re taller than i am, carol. good morning. i m carol costello. actually we have to talk about this first, london is burning a fourth night of looting and violence in the streets, parts of london resemble a war zone with burned out buildings and destruction. 16,000
trillion in cuts over ten years, raises the debt ceiling about about the same amount, sets up a bipartisan committee to find other ways to trim another trillion and change from the deficit. think of it as a deficit posse. it calls for both chamber of commerce eventually to pass a balanced budget amendment to the constitution. they don t actually have to pass it, they just have to vote on it. and the president and house speaker admit that the plan is not perfect, but hey, there s a deadline tomorrow. here s what the president said, then you ll hear from a freshman republican who, by the way, is dressed casually. give him a break, it was late on sunday night. now, is this the deal i would have preferred? no. but this compromise does make a serious downpayment on the deficit reduction we need and gives each party a strong incentive to get a balanced plan done before the end of the year. and to have bold changes to something so systematically broken is going to take time. i u