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anything quite like this. let me explain what you are looking at. that's a plexiglass pontiac. it was built for the 1939 new york world's fair. it's being auctioned today and expected to sell for about $275,000. and from the cnn center in atlanta, georgia, this is your cnn saturday morning. glad you could spend some time here with us. i'm t.j. holmes. well, you know the story by now. the world's biggest economy is on the brink of possible default. we are all watching and waiting as the fight over the nation's debt ceiling just drags on and on and on. congress has just under three d...

and there's that clock that we speak of. just under two days away from a time when we're told by the treasury, this country will not be able to pay all of its bills. so let me give you the rundown of what's happening today. the house gets to work around noontime today. that's just about two hours from now. after some debate, they'll vote on a proposal from senate majority leader, harry reid. that proposal is expected to fail. then on the senate side, they open debate on that same reid bill at 1:00 eastern time this afternoon. the debate there could go on for some 12 hours. now, it ma...

>> could i just add? could i just add? i think we all know that if the president decides to reach an agreement with us, the democrats most of them will fall in line. he is the leader of the democratic party, he is the president of the united states. he needs to indicate what he will sign and we are in those discussions now. >> reporter: something by monday, is that a firm deadline including the markets? >> i'm not going to put it to any deadlines, but it should be clear to you that senator mcconnell and i believe we're going to be able to come to some agreement to end this crisis as ...

has been recovered. federal investigators are hoping a $10,000 reward will lead them to the weapons or to whom ever may have taken them. the awol private accused of plotting an attack on soldiers stationed at ft. hood in texas is now being held without bond. naser jason abdo was in court yesterday. he was arrested after being tipped off by a gun store clerk. officials say they found bomb-making materials in abdo's motel room. they also say abdo admitted he plans to set off bombs at a restaurant popular with soldiers. texas is in the midst of one of the worst droughts in its histo...

marketsite. "american morning" starts right now. >> no vote on the debt plan again. i'm christine romans. as the u.s. economy lurches closer to a financial crisis, the political crisis continues. house speaker john boehner calls off a vote, unable to convince hardline conservatives in his party to sign on to his plan. >> i'm kiran chetry. more than 90% of texas is now in extreme drought. the state could sure use a lot of rain and now tropical storm don is expected to make landfall along the southern coast today. >> and it's happened again, a muslim-american soldier in police custody ...