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ticking clock. troubling signals overnight from the congressional super committee charged with cutting $1.2 trillion from the nation's budget. there's only one week left before severe mandatory cuts kick in if they don't come to an agreement. secretary panetta saying those would result in the u.s. armed forces becoming a paper tiger. tracie potts has the details live for us this morning. it looks like gimmicks are the big talk. >> reporter: well, you know, you were talking about the defense department. actually half of those cuts, if those automatic cuts kick in, would come from the ...

thousands of crowd in the plaza. a massive gathering in support of the occupy movement. despite a no camping rule, tents are going up again at uc berkeley tonight jie. and not far away, uc police shoot an armed man in a university building. that shooting was not connected to the protest. good evening. i'm dan ashley. >> i'm carolyn johnson. we will have that story in a moment. we begin with the return of occupy demonstrators. >> alan wang is live on the cal campus with the latest there. alan? >> reporter: dan and carolyn, take a look. 12 tents have already sprouted up here on the ste...

$1.2 trillion deficit reduction plan. the bipartisan panel has just one week left to reach an agreement before harsh mandatory cuts kick in that no one wants. so far, there are no signs of a deal. nbc's tracie potts joins us from washington with all the details. good morning. >> reporter: hi, lynn, good morning. we are looking at deja view. senate majority leader harry reid says he doesn't see any sign of compromise yet but aides also say there's not a stalemate. both sides, democrats, are working really hard to cut $1.2 trillion from the budget. republicans and democrats have differ...

ticking clock. troubling signals overnight from the congressional super committee charged with cutting $1.2 trillion from the nation's budget. there's only one week left before severe mandatory cuts kick in if they don't come to an agreement. secretary panetta saying those would result in the u.s. armed forces becoming a paper tiger. tracie potts has the details live for us this morning. it looks like gimmicks are the big talk. >> reporter: well, you know, you were talking about the defense department. actually half of those cuts, if those automatic cuts kick in, would come from the ...

i'm jim cramer and welcome to my world. you. >> need to get in the game. >> they're going out of business and he's nuts. they know nothing. >> i always say, there's a bull market somewhere. >> mad money, you can't afford to miss it. hey, i'm cramer and cramerica. people want to make friend. not interested. my job is to try to make money. e-mail me or call me. did you shake today because the dollar was up. did you sing songs of woe now that oil and gold went down? did you wink this trinity of vicious commodity movements? here declining stock portfolio. and want to scream about the inj...