• What deficit problem? Rep. Jerrold Nadler (D-NY) argues that the U.S. does not currently have a budget crisis.
• Is it human nature to be generous? Andrew Delton, a postdoctoral scholar at UC-Santa Barbara, reveals the details of a new study which suggests we’re hard-wired to be giving.
• The Aug. 2nd deadline to raise the debt limit is approaching and the gridlock continues. Alan has the latest on the budget battle.