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and theres that clock that we speak of. just under two days away from a time when were told by the treasury, this country will not be able to pay all of its bills. so let me give you the rundown of whats happening today. the house gets to work around noontime today. thats just about two hours from now. after some debate, theyll vote on a proposal from senate majority leader, harry reid. that proposal is expected to fail. then on the senate side, they open debate on that same reid bill ...

>> could i just add? could i just add? i think we all know that if the president decides to reach an agreement with us, the democrats most of them will fall in line. he is the leader of the democratic party, he is the president of the united states. he needs to indicate what he will sign and we are in those discussions now. >> reporter: something by monday, is that a firm deadline including the markets? >> im not going to put it to any deadlines, but it should be clear to you that sena...

has been recovered. federal investigators are hoping a $10,000 reward will lead them to the weapons or to whom ever may have taken them. the awol private accused of plotting an attack on soldiers stationed at ft. hood in texas is now being held without bond. naser jason abdo was in court yesterday. he was arrested after being tipped off by a gun store clerk. officials say they found bomb-making materials in abdos motel room. they also say abdo admitted he plans to set off bombs at a ...

marketsite. "american morning" starts right now. >> no vote on the debt plan again. im christine romans. as the u.s. economy lurches closer to a financial crisis, the political crisis continues. house speaker john boehner calls off a vote, unable to convince hardline conservatives in his party to sign on to his plan. >> im kiran chetry. more than 90% of texas is now in extreme drought. the state could sure use a lot of rain and now tropical storm don is expected to make landfall along ...

countrys coveted aaa credit rating could be compromised. the unpresence dented consequences for all of us. and why some lawmakers argue the looming august 2 deadline isnt the armageddon the president says it is. im wolf blitzer. youre in "the situation room." were only five days away from what could lead to unprecedented default in the united states if the political sparring between our elected officials here in washington doesnt stop. and we cant emphasize enough how devastating the r...

folks, its july 27th. welcome to groundhog day. the only movement is closer to the august 2nd deadline. less than six days the federal government could run out of money and default on its bills. next hour on capitol hill, the dooms day scenario is laid out. executives from credit rating agencies will warn lawmakers of the far-reaching impact of a u.s. downgrade. one debt plan, backed by house speaker john boehner, is yanked from a scheduled vote. the congressional budget office says it...

word. >> the truth is that the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. >> as makeshift memorials spring up across norway, police and the public are searching for answers to fridays deadly attacks. the lawyer and suspect, anders breivik, the lawyer said his client is in insane. the suspects father, who doesnt want to be identified, agrees. >> translator: no, ill never have more contact with him in my darkest momen...

were just getting the information in. that means that the players vote will happen later today in more of a formal setting. training camp could start as early as wednesday now, weve been told. david mattingly has been following this for us. he has been live out of atlanta every day, at least he was last week when those negotiations were taking place. david, did you just get word that something came forward just moments ago? >> reporter: reading and finding out now is that the nfl playe...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling americas national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nations debt ceiling. failure to do so could downgrade americas debt rating and could be extremely damaging for global economy purposes. lets get all the angles. weve just learned the president will be addressing the natio...

this scene played out across scandinavia earlier today. people pausing to remember the victims of that attack. as norway mourns we are hearing more from people who risked their lives to save others. our cnns michael holmes caught up with one of them. >> its not a huge boat. how many people did you put in here? >> the first round i believe it was 14. >> reporter: 14. >> yes. and then i had to address the oldest one and said you have to stay ashore. i promise i will come back and get you...