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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...

marketsite. "american morning" starts right now. >> no vote on the debt plan again. i'm 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. >> i'm 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 the southern coast today. >> and it's happened again, a muslim-american soldier in police custody ...

So if they want the five votes in south carolina they will have to give us something that is closely approximates cap, cut and balance as they can. i have to have something i can go back to my state and say the 75th time we did this is the last time we did it. bill: the south carolina delegation have been holdouts. thank you for your time. martha: it's fascinating. they are saying south carolina against the world is the feeling in the house of representatives. it is remarkable. that's the group that went in and prayed together over this decision. one group of house gop freshmen say they are su...

Conservative state. they realize that. so if they want the five votes in south carolina they will have to give us something that is closely approximates cap, cut and balance as they can. i have to have something i can go back to my state and say the 75th time we did this is the last time we did it. bill: the south carolina delegation have been holdouts. thank you for your time. martha: it's fascinating. they are saying south carolina against the world is the feeling in the house of representatives. it is remarkable. that's the group that went in and prayed together over this decision. one grou...

Economic armageddon on purpose, this year, republicans have to give that up and surrender. throw that away. throw away a democratic offer to cut social security and medicare because a deal where they get 83% of what they want in their own party's eyes is a failure. any deal with a democrat is a failure. instead of that, they must surrender and have no deal at all. mitch mcconnell announcing a plan today to give president obama what he and the democrats wanted all along, debt ceiling gets raised, no binding conditions. we now resume our regularly scheduled economic catastrophe. so in the end, u...