happening off the court that's getting attention. are you mom enough? time magazine wants to know. this cover spurring shock and talk about attachment parenting and it's really the way you should raise your child. good morning to you. i'm carol costello. they are alive. alexandria and kyliyah bain are safe and sound and they have now been released from the hospital. the two tennessee girls turned up in a wooded area in mississippi after a nationwide manhunt. the fbi says their kidnapper adam mayes is dead. he shot and killed himself as police closed in. mayes is suspected of killing the girls' mother and their older sister in a bizarre case of violence and obsession that first exploded three weeks ago. martin savidge is in alpine, mississippi with the latest. good morning, martin. >> reporter: good morning, carol. it good news in an otherwise bittersweet tale that two younger girls have been found alive. this played out a hundred yards down the road in a wooded area beginning around 5:30 local time when federal authorities say they got a tip. someone said they saw adam mayes down the road here. there was a heavily armed s.w.a.t. team in the area. they moved into the woods and found one of the young girls laying on the ground and short distance away they saw adam mayes. he took a semiautomatic gun out of his waistband and pulled the trigger and he died a short time later. the girls were undergoing a review to see how to they were doing at the hospital. they were dehydrated and suffering from being in the out of doors but otherwise they were okay and that's wonderful news now. >> so the girls were found in a wooded area. were they living in a tent? was it an old cabin? do we know? >> reporter: we don't know at this particular point. the crime scene is considered a crime scene. the investigation is only now really getting under way. authorities say this doesn't end anything. there is still going to be a prosecution and looking to see if there are other people that assisted adam mayes on the run. if they do find additional people, they'll be prosecuted. it appears by the condition of these young girls, that they were living out in the open. they had mosquito bites and poison ivy. they were found deep in a heavily wooded area. it doesn't look like they had a shelter of any kind. >> martin savidge reporting live from mississippi this morning. it's the high school that won't go away. mitt romney apologized but can't move past an incident that haunted his high school classmates for decades dredging up an incident from 1965 when romney was 18 and the governor's kid supposedly romney and some of his buddies chased down a fellow teenager, held him down and cut off chunks of his hair. one of his classmates say this was not only bullying but criminal assault. romney's staff dismisses talk that it speaks to his character and the candidate himself will only say that he apologizes for any childhood prank that went too far. >> i don't recall the incident myself. i've seen the reports. i'm not going to argue with that. there's no question but that i did some stupid things when i was in high school. obviously if i hurt anyone by virtue of that, i would be very sorry for it and apologize for it. >> what people really want to hear about is does he care? i can tell you that he cares deeply. he's a deeply compassionate person and that bullying is not something that he has ever knowingly engaged in. >> romney's campaign has been busy batting down the story. they released a statement from other former classmates who says romney was never mean spirited and never a bully. the alleged victim in this case died several years ago. president obama scores another first. he starred in the biggest single campaign fund-raiser ever. his co-star, george clooney. the actor known for his political activism hosted this campaign raising event in his hollywood mansion. here's a glimpse of the star studded guest list. actor robert downey, jr., comedian billy crystal, singer barbra streisand and jack black. $15 million was the take for the night. single event record in a presidential campaign fund-raising event. dan lothian is at the white house to tell us more. >> reporter: hollywood always opened its wallet to president obama and this time it was a big one. 150 people ponying up $40,000 each for this event. the bulk of the money came from the sweepstakes that was held by the campaign where anyone for $3 could enter this contest to win a night rubbing shoulders with the stars eating the fancy dinner there by wolfgang puck. the two winners, a teacher from new jersey and a utility worker from florida. president obama during this star studded event did have a chance to joke with hollywood crowd there but he talked about the decision coming out and making his public feelings known about same-sex marriage saying how he made news on this event but in addition to that, the president also expressed a little bit of reality talking about how this campaign against mitt romney will be much more difficult than it was in 2008 saying "this is going to be harder than it was the last time -- not only because i'm older and grayer and your hope posters are dog eared, 2008 in some ways was lightning in a bottle. that's not going to be replicated." i should point out that this fund-raiser was set before the president came out and talked about same-sex marriage but no doubt this is an issue that hollywood has been very sympathetic to and so we can only expect that the money will continue flowing from the west coast because of what the president did. >> dan lothian reporting live from the white house. vice president joe biden has apologized to the president for igniting this week's firestorm over gay rights. senior administration officials tell us biden acknowledged his comments supporting same-sex marriage put his boss in a tough position. during that sunday morning interview, biden said obama's own views were evolving. as you know the president officially came out in support of gay marriage a few days later. more than 200,000 americans will not receive unemployment checks as a federal extension of that benefit expires this week. eight states are affected including california, where more than half of the recipients live. florida, illinois, north carolina, colorado, connecticut, pennsylvania, and texas also on the list. to be eligible states must prove their jobless rate is at least 10% higher now than in one of the last three years. those rates have been falling as the unemployed find new jobs or leave the workforce for good. it's a big i told you so from bank reformers as jpmorgan chase discloses a trading loss of $2 billion in just six weeks. alison kosik is at the new york stock exchange. how does this affect the rest of us? >> here's what's interesting in this whole story that's unfolded since last night, carol. $2 billion is a drop in the bucket for jpmorgan chase. this company will get through it and it should not affect customers. no doubt about it. this is a big deal. what jpmorgan did was gamble. it made risky bets and it lost. ironically the bets were meant to protect against possible losses on jpmorgan's other investments but it backfired and the bets produced losses of their own. all of this came out last night when ceo jamie dimon had this surprise conference call with analysts saying the losses were caused by what he calls errors, sloppiness and bad judgment. the way dimon sees this is it tarnishes jpmorgan's reputation and tarnishes his own reputation as well because since jpmorgan is regarded as one of the healthiest banks on wall street. this is the bank that weathered the recession better than most. it took over bear stearns and took over washington mutual. dimon is a well respected ceo. been called the king of wall street. dimon says the $2 billion loss you mentioned at the top, that loss could grow. carol? >> there are some democratic lawmakers coming forward saying, see, this proves that we need more regulation of these big financial institutions. will anything happen? >> and this is going to give them more fuel for that fire definitely. it raises a lot more questions about oversight. new regulations by the way are expected to go into effect on july 21st. what these regulations look to do are limit how much banks trade with their own money that would eventually affect their customers. now, dimon ironically has spoken out about these regulations so it's interesting. now he's kind of caught with his hand in the cookie jar yet he's speaking out against having these tighter regulations. you know, as wall street sees this, it's a huge shock to wall street. the big players down here are getting hit hard. bank of america, morgan stanley, citigroup, all shares down 2% to to 4%. wall street is also worried about other banks. what kind of bets are they making that if healthiest and regarded as cleanest bank is making these kind of risky bets, a lot of people want to know about the other banks out there. are they doing the same? >> i thought we were supposed to solve this problem a long time ago but apparently no. alison kosik live at the new york stock exchange. a republican congressman fighting defense cuts. why he says our national security and economy will be at risk if automatic spending cuts kick in. he's known as the mole and now we're getting new details on why al qaeda picked him to carry out their plan to bomb a u.s. bound plane. a live report from london. got it all. here. have a good day, honey. i love you, ok. bye, mom. 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because of that failure, automatic spending cuts will kick in next year. hit hard, the military losing billions of tax dollars in general something republicans say will put the country at risk. lawmakers in the republican controlled house of representatives replaced a bill with scheduled defense cuts with cuts to programs like medicaid, food stamps and mortgage programs for struggling homeowners. a bill that will not pass the senate and will most likely be vetoed by the president if it did. and then there's leon panetta's decision. >> there is no free lunch here. every dollar that is added will have to be offset by cuts in national security. and if for some reason they do not want to comply with a budget control act, then they would certainly be adding to the deficit, which only puts our national security further at risk. >> that's right. that house backed bill that passed the house of representatives according to "the new york times" would add $8 billion to the defense budget so it would make it bigger so joining us now, congressman randy forbes. a republican. he's also concerned about what kuds cuts in defense spending will mean to national security and our economy. the congressman is embarking on a 20-state tour to promote defense cuts. >> great to be with you this morning. >> what are you planning to tell people? >> just the facts. that is in just a few months we're going to have a trillion dollars the cuts to national defense. that puts them on the ragged edge. the navy will have fewer ships than we've had in a hundred years. we'll be giving 200 pink slips to active men and women in the military today and according to secretary of defense, it will cost 1.5 million jobs across the country. the biggest concern is we're moving dangerously close to a point where we'll no longer be able to guarantee the security of the united states or u.s. interest and i think that's something the american people don't want us to do. >> isn't it congress's fault for putting us in this position? >> i don't think so. i think first of all i didn't vote for the bill but the second thing is most people in washington realize the reason we got here is if you look at the stimulus bill that was $825 billion and $347 billion of interest that came from that, that's an exact overlay of what we're taking out of defense. what essentially happened is the administration spent this money in one year on a failed stimulus plan and now they are taking it out of defense over the next ten years. we don't think it's right to balance that on the back of men and women in uniform or on our veterans or even on the taxpayers of the united states. >> that was the debt ceiling deal. if congress didn't find a way to find these cuts, these things were going to happen not only to the defense budget but to cuts in social programs and the like. >> remember the president started these cuts. he started with $100 billion of cuts which he said he would reprogram. >> that's not where we are now. let's concentrate where we are now. i think democrats don't want that much cut from defense either. then you have to find a solution. house republicans push through this bill and it's the same old, same old. you offer cuts to social programs like medicaid knowing that democrats will never sign onto this bill and knowing -- why not sit down and negotiate and come up with a solid plan? >> and that would be great. in fact, one of the things you know in washington today when you just reduce the level of increases in spending, people call them cuts but the second thing is recognize at least the house has come up with a plan a sent it to the senate. you can't negotiate -- >> according to "the new york times," the budget that the house passed would actually add $8 billion in moneys to the defense department. it wouldn't cut any military spending at all. >> we're looking at capacity reductions. it doesn't matter about the number of terms. you have to ask the american people if they really want a situation where the chinese will outnumber us in two years and do you really want a situation where you lose 1.5 million jobs across the country. do you want a situation where we lose 150,000 to 200,000 people in the military, which would be the equivalent of doing away with the entire marine corps in one fell swoop. i don't think they do, carol. >> there was a survey that was recently conducted in part by the center for public integrity knowing that they want less spending at the pentagon. so are they wrong? >> well, there's two different things, carol. what we're talking about is do they really want a reduction in capacity? i think when they hear the president and many in the senate talk about the fact that they can some of these cuts but maintain security of the united states, i think any of us would want those reductions. i think when you ask the american people do they really want to reduce security of the united states of america, that answer comes back they don't. they want to make sure that we're maintaining and guaranteeing that security. if the senate is serious about this, let them pass a budget so we can do what you said. sit down at a conference table and try to negotiate some sort of agreement. if they don't pass a budget, you never get to that table. >> congressman forbes, thank you for being with us this morning. >> thank you, carol. have a great day. >> you too. new details in the al qaeda plot to bring down a u.s. plane including how ties to the united kingdom made a would be bomber their ideal recruit. ahah, , wewelclcomome e toto h . ifif y youou'r're e lolookokinio geget t totogegethther, yoyou u cacameme t to o ththe. bebecacaususe e heherere a at, wewe'r're e ononlyly a abob. fifindndining g yoyou u ththe e isis a allll w we e do. wewelclcomome e toto h hot. a british passport and knowledge of arabic made al qaeda think they had the right person to blow up a plane. tell us about this mole, nic robertson. >> he was of saudi origin but had a british passport meaning he would be attractive to al qaeda. anti-terrorism agencies spotted him and they persuaded him to go to yemen and let al qaeda come to you and let them pick you up. he was baited if you will. this is sort of a lesson learned from the underpants bomber. that's how he got into al qaeda in yemen by going to an arabic language and islamic study center. this was a really sophisticated effort to have al qaeda think they found this guy because he had the passport they needed and it was a clever trick duped on them. >> i'm amazed when i think of this man how courageous he was. i know he's probably in some safe place. i hope he is. every day of his life he now lives in fear. >> at the moment nobody is talking about his name. we have a vague idea of his nationality and where he may come from. it's now a very well kept secret where he is. we've heard he was spirited out of the country perhaps with a handler through several countries and ultimate destination is not entirely clear. it does seem very clear, however, he's not going to be able to go back and penetrate that al qaeda cell. the lessons being learned here with now this information that spilled out are lessons being learned on both sides. al qaeda now knows that it is being baited and that it probably recognizes it may have other people inside its organization who have been similarly put out there to get in and spy on them. so al qaeda is learning from this as we learn from them in the past. this man is probably safe as long as his name doesn't come out but al qaeda will know who he is. he's probably not going to bump into these people. he won't walk the streets of yemen any time soon we can be pretty sure of that. >> nic robertson reporting live for us this morning. now is your chance to talk back on one of the big stories of the day. the question for you this morning. what does attachment parenting mean for our kids? we have now moved beyond helicopter parenting and onto attachment parenting. if you don't know what that is, look at the cover of "time" magazine. that's a 3 year old breastfeeding causing outrage and confusion but if you are into it, it's understanding. attachment parenting means breastfeeding into toddlerhood, sleeping in the same bed as your child and it means never leaving your child alone. a tall order. >> what are single male parents supposed to do? they can't breastfeed and they say you should sleep with your children. >> that's hard. >> someon