Page 31 - Fire Break News Today : Breaking News, Live Updates & Top Stories | Vimarsana

i'm wolf blitzer. you're in "the situation room". -- captions by vitac -- www.vitac.com we begin with breaking news on wall street. a dramatic rescue and equally dramatic reaction on wall street. the stock market skyrocketing today on new that is the federal reserve and other central banks are taking direct action to prevent a financial meltdown in the euro zone using the their resources to keep money and credit flowing amid the staggering debt crisis. it's the largest coordinated move of its kind since 2008 when similar action brought u.s. credit markets back from the brink. let's...

Floods. this is really crazy. >> if we could just spread this out. this is mayhill, new mexico, the first picture we have had. this may drop out on us, we don't know, but kwre, our affiliate, this was a home. mayhill was evacuated last night to save lives. but the winds picked up. the winds in new mexico were near 60 miles per hour yesterday. and when you get a wild fire here, that begins to blow. this was right along u.s. 82 near mayhill, new mexico. structure after structure. that's a very long structure. even if there was a fire break there, it didn't help at all. and there you can just see...

Bailout. is this the straw that will break the camel's back, or is the eurozone now in good shape to deal with -- >> it's completely predictable, everybody expected it, so the three most vulnerable countries are gone. the hope, and there is so much evidence to support it, is that this is the fire break. they will take these countries out of the market, they will be financed by the euro countries as a whole. they're very small so it's easy to do so. they won't do anything about resolving the debt, restructuringing t inin inin ii it won't spread to spain. if it doesn't spread to spain, the spani...

Do is care about the republican challenge he's going to face in the primaries and the people who put him there. the problem is there's going to be a deal. at this point he doesn't have to deal but there will be a deal. whether it's three weeks from now or now. >> where's the conception that there will be a deal? because strikes always end? >> yes, they do. and governments reopen after a shutdown. there will be a deal and that deal is not going to be $100 billion. >> do you agree there's going to be a deal in the foreseeable future? >> here's the -- again, to go back to the poker game. here's w...

He is actually -- all he has to do is care about the republican challenge he's going to face in the primaries and the people who put him there. the problem is there's going to be a deal. at this point he doesn't have to deal but there will be a deal. >> there will be a deal? >> of course there's going to be a deal. >> don't strikes always end? >> yes, they do. and governments reopen after a shutdown. there will be a deal and that deal is not going to be $100 billion. >> do you agree there's going to be a deal in the foreseeable future? >> here's the -- again, to go back to the poker game. here...