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washington doesn't reach a deal. so let's go there now. our congressional correspondent kate bolduan standing by as she has for so many hour. i hear nancy pelosi, democrats' leader in the house also weighing in? >> reporter: she. behind closed doors for most of the day meeting with democratic leadership and came out a short time ago and, of course, was asked the question on everyone's mind. do you have a deal? have you signed on to a deal? while she wouldn't endorse a deal, she wouldn't shoot one down. she said she needs to speak with her democratic members in the house first. listen...

now, we are standing by to here about two hikers held in iran. and then you will hear from the men who sin tau grated the marines. hello, i am t. j. holmes, and thank you for spending part of your sunday with us. this is what we're keeping an eye on today in the debt debate. 1:00 eastern time, that is when a vote is scheduled in the senate on majority leader harry reid's plan. that was the vote that was supposed to take place overnight but it was delayed late into the evening. listen to the senate majority leader. >> i have spoken to the white house quite a few times this evening...

could it still fall apart? we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room". it's been a day of dramatic changes in washington's debt crisis. within the past few hours capitol hill's angry partisanship gave way to serious negotiations, and then to predictions of an agreement within the very near future, one top republican, the senator minority leader mitch mcconnell declared and i'm quoting, he's confident and optimistic. moments ago harry reid seemed to throw some cold water on the new found optimism. rets go ...

the most recent cnn o.r.c. polling says 51% of americans would hold republicans responsible if the debt ceiling is not raised. just 30% would find president obama more responsible. peter moresi joins us. i have to ask you this, you are an economist, you're a well-respected economist and we have spoken together for years. do you have any evidence of what so many conservatives are saying that if we were to increase taxes at all, at all at this point in an economic cycle, that it would actually hurt our economic recovery? >> well, increasing taxes wouldn't hurt anymore than, say, cuttin...

ridiculist tonight. breaking news everyone. tonight right now in that building over on the senate side according to democrat harry reid who spoke last hour, nothing is going on. the senate is now adjourned. but the clock is still ticking and the government is running out of money to pay the bills at this moment because the debt limit was not raised back in may, the united states treasury has less cash on hand than apple computer. on wednesday the government will have $23 billion in social security checks to send out and not enough cash to cover them unless it doesn't send out a who...