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President Barack Obama addresses the nation from the East Room of the White House in Washington, Monday, July 25, 2011, on the approaching debt limit deadline.

Top Talker: The Debt Divide: 7 days to go

07/26/11 09:48AM

 With August 2nd deadline a week away, President Obama and House Speaker John Boehner each took their cases to the American people last night.  Speaking in the East Room of the White House, the President made it clear he does not approve of Speaker Boehner's plan to raise the debt ceiling.  He said "Republican House members have essentially said that the only way they'll vote to prevent America's first-ever default is if the rest of us agree to their deep, spending cuts-only approach."     Reminding Congress that they must find a compromise, President Obama also said he could back Senat read more

Morning headlines: Tuesday, July 26

07/26/11 05:59AM

Here's a look at stories we're following right now. What are you reading this morning?In this corner, the president praises Reid planAnd in this corner, Boehner says the president wants a 'blank check'Both proposals won't keep debt from growingReport: U.S. could avoid default a few days longer Time says the U.S. will not default on August 2ndA new poll shows record pessimism among AmericansIMF sees global impact from U.S. debt woesNorway attacks focus attention on U.S. right-wing extremistsAs the NFL lockout ends, the scrambling begins read more

Actor Don Cheadle on the set of Morning Joe.

Actor Don Cheadle on how he became involved in the Sudan

07/25/11 02:15PM

Actor Don Cheadle joins Morning Joe to discuss his new comedy "The Guard." Cheadle plays FBI agent Wendell Everett who is sent to Ireland to help with the investigation of a missing Irish police officer. The actor also discusses the "Not On Our Watch" humanitarian organization. read more

President Barack Obama meets with Senate Majority Leader Harry Reid of Nev., right, and House Speaker John Boehner of Ohio, left, in the Cabinet Room of the White House, Saturday, July 23, 2011, in Washington, to discuss the debt.

Top Talker: Rival Debt Plans

07/25/11 09:38AM

With the August 2nd deadline just days away,  Democrats and Republicans are now turning to "rival" back-up plans to raise the nation's debt ceiling. After a weekend of meetings resulting in yet another impasse, President Obama is cancelling two fundraisers today to continue negotiations. Senate Majority Leader Harry Reid says the talks broke down last night because of the Republicans' insistence on a short-term deal. But Reid says the Democrats' new proposal is an effort to reach a compromise. Their plan would reportedly cut $2.7 trillion over the next 10 years. read more

Must Read Op-Eds for July 25, 2011

07/25/11 08:08AM

THE TRAVAILS OF ELIZABETH WARREN  BY JOE NOCERANEW YORK TIMES will need strong support from the White House. President Obama’s decision to jettison Ms. Warren is not a reassuring sign.MESSING WITH MEDICARE  BY PAUL KRUGMANNEW YORK TIMESThe G.O.P.’s most potent political weapon last year — the weapon that caused a large swing in the votes of older Americans — was the claim that Mr. Obama was cutting Medicare. Why give Republicans a chance to do it all over again? read more