Page 43 - August 2 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling america's national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nation's debt ceiling. failure to do so could downgrade america's debt rating and could be extremely damaging for global economy purposes. let's get all the angles. we've just learned the president will be addressing the nation later to. kate baldwin is up on capitol hill. first to you. what's the very latest, the think...

do. nobody can get the support to get one of those through. do we have to look for just the possible? >> i think mission number one is to raise the debt ceiling. they cannot get away without doing that. saying they're going to downgrade you. but they left a bit of an out. if you raise the ceiling but give indication you're on the road to getting a deal, we'll keep you on credit watch negative but take you off and affirm your aaa rating if you get it done within a couple of months if we see that possibility. so that's -- that seems to me to be the fallback plan for congress. weather t...

was declared dead at the scene. alan duke is a cnn entertainment producer, so any more now on the details surrounding her death? >> reporter: in the last hour we have gotten official confirmation from her publicist who says that she has died, issuing a statement to cnn. note nothing about what she died in, what killed her is unexplained according to london officials earlier in the investigation. it was only this afternoon in her apartment where her body was found. it was two months ago that she was released from a british rehabilitation center after fans booed her off the stage after...

jeanne, first question, is it time to simply say, let's go for the possible in washington? everybody has grand ideas about what they want to do. nobody, nobody can get the support to get one of those through. do we have to look for just the possible? >> i think the mission of everyone in congress is to absolutely raise the debt ceiling. they cannot get away without doing that. the s&p has been the strongest credit rating agency. they said, we're going to downgrade you if you don't come up with a plan. but they say f you raise the ceiling but give us indication that you're on the road...

Weaken, reduce, or not continue the 2001-2003 bush tax cuts. rumors swept the capital this morning that the president and speaker of the house were close to an agreement on a deal, a deal that sent waves of panic through washington. democrats and republicans, who assumed their side must have given up too much. in order to strike such a deal. faced with a possible muteiny in his caucus, speak are boehner used a method that no speaker has used before to calm his troops. he tweeted. one word. false. meaning, there is no deal. the speaker then said this in a press conference. >> i believe that t...