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times for people who aren't rich players or owners. take san antonio. the spurs are the only major pro sports team. some 4,000 people depend on them for a living. and then cities like sacramento, orlando, portland, salt lake city, the nba is the only major pro sport in that town. we'll see the economic impact there for sure in those cities. so, let's talk more about this with mike pesca from mpr. mike, it's a complicated money dispute, no doubt. what is the main sticking point at 9:01 eastern time on this tuesday? >> money. lots and lots of money. the players get 57% of all basketbal...

>> all right. first, though, big news today. the trial of the accused underwear bomber begins this morning with earnest with opens statements at the federal courthouse in droit. umar farouk abdulmutallab is charged with trying to blow up a flight on christmas day 2009 with a bomb hidden in his underwear. >> the defendant is acting as his own attorney. cnn's deb feyerick in live in detroit, where you were the night this all developed and christmas day 2009. deb, what is the situation? >> reporter: well, ali, christine and carol, we can tell you that he is facing eight charges today. i...

north carolina first gets hit on saturday, and then somewhere in new england after that, even in areas that don't get a direct hit though, there's the flooding damage, wind damage and power outages, a major pain. you're looking at live pictures from folly beach in south carolina. residents keeping an eye on irene. it could pass by though. they haven't been told to leave though. they are urged to take precautions. evacuations are under way though in the north carolina outer banks. the governor declaring a state of emergency ahead of the hurricane. many areas are accessible only by fer...

governments are facing a crisis. one alabama government is getting ready for one of the largest municipal bankruptcy in history. why in the world would anybody name their child cheeto or limoncelo. those are all real names. this hour, more names to tell you about. why people do it and whatnot to name your child. good morning. thanks to my parents for naming me t.j. holmes. glad you could be with us. that clock is ticking on the debt ceiling crisis. tuesday is the deadline. the deadline for what? the government may not be able to pay its bills. we will have to decide which ones to...

and there's that clock that we speak of. just under two days away from a time when we're told by the treasury, this country will not be able to pay all of its bills. so let me give you the rundown of what's happening today. the house gets to work around noontime today. that's just about two hours from now. after some debate, they'll 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 at 1:00 eastern time this afternoon. the debate there could go on for some 12 hours. now, it ma...