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Investigates. Dana . Reporter the session is still in session at this hour. It is possible for the Senate Majority leader harry reid to come to the floor before they close out for the evening and say at least theres a framework of a deal on principle. There are lots of reasons why they want to do that. First and foremost because of the markets tomorrow morning. In fact at senator Chuck Schumer still here working, senator from new york, made sure to tell reporters as he was walking into one of the offices a few moments ago, explicitly said the markets need to know we are very close. Democrats a...

I think that there is a growing number of people on our side of the aisle who understand that we have some systemic work to do. we cannot continue to run up our debt and deficit. just a 1% increase in our interest rate on the debt we have right now would be 110 billion a year, $1 trillion over ten years. you can't afford >> it a lot of republicans point to boles simpsons and say the president set up this commission, bipartisan commission and basically ignored the results of >> it who are those republicans? the same republicans who voted against it? you know, at some point we all share responsi...

there are serious consequences to not making a deal, a warning from the fitch rating agency putting the united states on note its credit rating is on danger of being downgraded because of all the brinkmanship that has the u.s. government teetering on a default. tonight a house plan was canceled, a senate vote could be close. dana bash and christine romans with what happens if the deal investigates. dana? >> reporter: the session is still in session at this hour. it is possible for the senate majority leader harry reid to come to the floor before they close out for the evening and say...

with what happens if the deal investigates. dana? >> reporter: the session is still in session at this hour. it is possible for the senate majority leader harry reid to come to the floor before they close out for the evening and say at least there's a framework of a deal on principle. there are lots of reasons why they want to do that. first and foremost because of the markets tomorrow morning. in fact at senator chuck schumer still here working, senator from new york, made sure to tell reporters as he was walking into one of the offices a few moments ago, explicitly said the markets...

0 join us at kp.org and thrive. good evening. welcome to "ac 360 later." live tonight from washington, d.c. where the people who work in the building behind me are simply running out of time. if you're keeping score at home, lawmakers now have about 26 hours until the debt ceiling deadline. it is a race against the clock in a route that has been littered with canceled votes and a whole lot of hot air. there are serious consequences to not making a deal, a warning from the fitch rating agency putting the united states on note its credit rating is on danger of being downgraded because of all t...