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the economy lousy through election day. let me ask you, if the president is really serious about fixing this economy, wouldn't he have drafted a jobs plan he spoke about a few weeks ago that would be more likely to garner partisan support and get done. >> the problem the president is facing republicans have said no to basically everything so far. i think they will agree to certain provisions, certain tax cuts in the president's plan but it's going to be like pulling teeth for the president. when i said republicans want a lousy economy on election day, i certainly didn't want to paint...

i'll ask about red hot democrats. stay here and hear how it plays out. i'm wolf blitzer here in "the situation room." we've been expecting the house to vote on raising the debt limit. but it has not happened yet. the debt deadline is looming larger than ever. the deal would raise the debt limit $900 billion in the short term and green light spending cuts of roughly the same amount over ten years. offset dollar for dollar by more spending cuts. there's a lot of huge ifs involved in making all of that happen. let's go to capitol hill. kate baldwin is standing by. what are we toll abo...

house. he is inside of the courthouse in winston salem courthouse. and you can see it in the bottom right-hand corner of the screen, but we are expecting john edwards along with the defense attorney to walk in front of a crowd of reporters, and we will bring it to you live as soon as we see it, but i know that my pal, joe johns, has been out there off and on covering the story, and he has literally walked outside of the courtroom. joe, first, talk me through what you have just experienced inside of the courtroom. you saw edwards, himself, in front of the magistrate, and how did he ap...

Impact in a negative direction if, in fact, say, california, new york, or michigan, who have the three biggest shortfalls, what is the biggest impact of the states they chairing -- declaring bankruptcy. >>guest: the problem is how do they borrow money in the future? what is their cost of borrowing? if you look back last some are what the treasury notes for 10 years traded at versus what greece borrowed for 10 year notes there was about 1,000 base point, over 10 years they have to pay 100 percent more in principle toward their interest than what the u.s. treasury notes would have to pay. it is ...

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