Page 2 - Borrowing Debt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dow jones now up by 37 points or so. also, major story today, you've got bills to pay. you've reached your borrowing debt, right? your limit. you can ask your lender raise the limit or default on some of your bills. that is the situation today that is facing the country because it's the day that the u.s. debt reaches its legal limit. but congress is still fighting over raising the borrowing cap. i want to bring in christine romans to explain this. she's with our money team. explain what we're talking about when we say we've got this deadline that we've hit. and what does it actually mean? >>...

path through louisiana's cajun country. >> we're fortunate that were have what we have, we haven't an opportunity to get out. material things we can replace. our family and what we believe in daily, just can't put prices on that. >> did you put up the sign? >> yeah, i put it up, i'm proud of that sign. it's just what we say, we will be back. >> almost a week after the mississippi crested in memphis, the river remains 11 feet above flood stage. president obama is in memphis today to get a look at the flood damage. and to comfort families who have lost their homes. zero and liftoff f...

Bush largely solve and the extent of the trust money that had been put out and the recession that he worsened rather than helped. weakened the borrowing debt that caused a global debt crisis, which is what we're facing now. i think republicans need to separate that. he is trying to pretend like he is fdr, took office with the banks were all closed and he turned it around and saved america. that all happened but it happened under bush. >> sean: well, yeah, the interesting thing to me, this is a case i have long been making is the president cannot take responsibility for anything that has gone w...