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He spent the first seven months of 2011 convinced he could strike a sweeping fiscal deal with that new republican congress. he entered into talks with john boehner as a debt ceiling deadline approached and then he discovered that boehner's caucus were opposed to any deal with obama's name on it. >> comes in the wake of yesterday it's 513-point drop in the dow jones. today the u.s. stock market had finished largely flat. two other big credit rating agencies, moody's and fitch have maintained the aaa rating, though they warned that downgrades were possible in the future a downgrade of course is ...

Not. the argument these cuts had to come, a number of these towers were slated to close anyway. some were taken off the list and new ones added. bottom line, how is it going to affect us? >> well, it's not going to affect the passengers on a commercial flight. nat going to affect the regular fare paying passenger. there are 513 control towers in the country and 250 contract towers. the reason they're contract tower is because they're very low activity towers towers and a contractor could run. the contractors ran the tower at one-fourth the cost of an faa tower and had far less mistakes. these ...

Sales of previously sold homes raised. february sales up 10% compared to the same month last year. in other words, great news for anybody trying to sell a home. the report suggests that few first-time buyers are entering the market and they are key to a sustained recovery. meantime it appears the job market. number filing for unemployment ticked up a bit last week. the four week average is still lowest it's been in five years. economists consider the four week average the most reliable, much more than any other case because it irons out any inconsistencies. the number of folks seeking benefits...

Wasted in the last two years. its 637 million for the faa. that's 5%. janet napolitano, the cuts for the tsa is 276 million. found 1.5 billion in waste by the inspector general, the numbers don't add up. they're threatening to close towers. we have 513 towers. 250 contractor towers. the ig found the contact towers round on 5 hap thousand, the faa towers two million, and the contract towerrers beat them on performance and safety and security and the same levels of traffic. a good manager can manage through 5% cut. a bad one should be dismissed. >> neil: you're looking at lax where there's an ee...

>> thank you very much. now to stories you can bank on this morning. auto sales are revving up and dealerships are on the road to profitability this year. lauren simonetti is tohere to tk about that. >> the dealerships are on track to sell a record 805 each this year. that is higher than the average set back in 2005. 1991 that was the worst year for dealership sales 513 sold back then. we have come roaring back since the financial crisis especially. that seeks to shut down and elimination of possible friends. >> you think con trib -- contributing most and feeling more confident? >> sales yes...