Page 5 - 2nd Deadline News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The dow down almost 200 points around all the debt discussion in washington. the front page of "the wall street journal," markets swoon on debt fear. plus a day after republicans invoked ben affleck movie "the town" in the debt debate, the white house raises the stakes going with sophie's choice. we'll have the latest on the ongoing imdb fight a bit later. but first let's get to the news, here at 30 rock in new york city. with just five days to go before the august 2nd deadline, the house is expected to vote today on speaker john boehner's plan to raise the debt ceiling. house republican leade...

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Plan to a house vote today. the reworked plan's now projected to cut $917 billion over ten years. >> it is a test. this is a big step trying to get control of or deficit and our debt by the august 2nd deadline. it's a big test. >> reporter: some in his own party complain the speaker's bill doesn't go far enough, and they're planning to vote no. >> that is unacceptable and unsustainable. >> reporter: at a tea party rally yesterday, some called for a revival of cut, cap and balance, which includes a constitutional amendment to balance the budget. >> that plan is the only shot we've got to change...

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Congressman tom coal from oklahoma. first of all, thank you for your time tonight. >> thank you. >> let me ask you first. do you think, i mean, there is serious. this is beyond the politics and the screaming back and forward. we're 12 days out from the august 2nd deadline. do you think the economy will suffer if the debt ceiling is not raised, sir? >> yeah, i actually do, reverend sharpton. i think this very serious time and the united states never failed it pay its bills in 235 years. i think if we failed now it would have negative consequences for the economy. >> you heard boehner, your spea...