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Giving it a lot of lip service. >> i hope you speak with your congressional delegation and remind them in no uncertain terms exactly what is at stake. >> john: what is at stake? listen closely, obama seems to step away from the apocalyptic scenario. >> these impacts will not all be felt on day one, but rest assured, the uncertainty is already having an effect. companies are preparing layoff notices. families are preparing to cut back on expenses and the longer these cuts are in place, the bigger the impact will become. >> john: could it be a dawning realization at the white house that presiden...

Giving it a lot of lip service. >> i hope you speak with your congressional delegation and remind them in no uncertain terms exactly what is at stake. >> john: what is at stake? listen closely, obama seems to step away from the apocalyptic scenario. >> these impacts will not all be felt on day one, but rest assured, the uncertainty is already having an effect. companies are preparing layoff notices. families are preparing to cut back on expenses and the longer these cuts are in place, the bigger the impact will become. >> john: could it be a dawning realization at the white house that presiden...

killing seven people over the past ten days are facing off. the suspect has confessed to the killings of three french paratroopers, a jewish rabbi and three jewish children over the past ten days. dan rivers is at the scene in the city of toulouse with the latest. >> reporter: well, erin, it's been a pretty dramatic day of developments here in toulouse, france. first of all, the news that mohammed merah who has been surrounded, a siege has ensued after an initial shoot-out with police who then tried to engage him in negotiation. that negotiation we're told broke down at several point...

france. police in a self-described al qaeda militant accused of killing seven people over the past ten days are facing off. the suspect has confessed to the killings of three french paratroopers, a jewish rabbi and three jewish children over the past ten days. dan rivers is at the scene in the city of toulouse with the latest. >> reporter: well, erin, it's been a pretty dramatic day of developments here in toulouse, france. first of all, the news that mohammed merah who has been surrounded, a siege has ensued after an initial shoot-out with police who then tried to engage him in nego...

after a standoff lasting nearly 24 hours, reuters is reporting french police have begun an assault on the apartment where a self-described al qaeda militant accused of killing seven people is holed up. just moments ago three loud blasts were heard at the site of the stand-off. the suspect apparently confessing to the killings of three french paratroopers, a jewish rabbi and three jewish children over the past ten days. dan rivers is live. dan, i guess you could hear the shots. what's the very latest you're able to figure out is happening? >> reporter: yeah, i mean we heard these thre...