Top of the Hour: Contingency Plan Emerges in Debt Deal, Morning Headlines

After talks collapse between President Obama and House Speaker John Boehner, Democrats and Republicans will release separate plans to raise the debt ceiling before the August 2 deadline. That and this morning’s other headlines.  

After talks collapse between President Obama and House Speaker John Boehner, Democrats and Republicans will release separate plans to raise the debt ceiling before the August 2 deadline. That and this morning’s other headlines.