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it. police in norway will interview anders breivik today. he's in solitary confinement in a prison near oslo. meanwhile police have called off the search for more victims of the shooting rampage on utoya island. 68 people were killed. a formal inquiry into britain's phone-hacking scandals began in london. a woman who worked with the now depuck news of the world tabloid after her daughter's murder now says her phone was hacked. sara payne had defended the tabloid, even writing the last edition, and calling it a force for good. there's been some break for the rain-soaked korean p...

Washington raises the debt limit in the next week, analysts are questioning this country's credit rating. top agencies rate united states government debt as a aaa investment. that means they think the u.s. has an extremely strong ability to pay back lenders with interest. though with high government debt, ratings firms have warned the u.s. to cut deficits to keep its aaa rating. at a congressional hearing this morning, the agencies reviewed to endorse either of the two competing deficit-cutting proposals on capitol hill. standard & poor's president reports his company favors the democrats' pla...

spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reid's plan can't pass the house, and not only is boehner's plan doomed in the senate, a great many house republicans don't like it either. so what happens now? well, time marches on. a never-before-seen default on u.s. debt and obligations could be just six ...

country's coveted aaa credit rating could be compromised. the unpresence dented consequences for all of us. and why some lawmakers argue the looming august 2 deadline isn't the armageddon the president says it is. i'm wolf blitzer. you're in "the situation room." we're only five days away from what could lead to unprecedented default in the united states if the political sparring between our elected officials here in washington doesn't stop. and we can't emphasize enough how devastating the repercussions could be, not only here, but indeed around the world. interest rates could go up...

why congress may have breathing room when it comes to raising the debt ceiling on this "american morning." and good morning, everyone. it is wednesday, july 27th. this is "american morning." a lot going on today. let's get to it. >> it does feel like dueling bangoes, doesn't it? when you hear both sides of the debate they're dug in but insist they're right. >> and a growing number of americans want them not to be. >> they all say god bless america. how we get there is the question. >> two maker developments in the debt crisis, following minute by minute here. six days until the dea...