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government goes about raising debt ceilings. senate leaders from both parties are hammering that out. the kick the can deal, a short-term deal that would raise the debt ceiling for a few weeks or months. the president has said he doesn't like that idea. coming up next the just get to 2012 deal, a compromise that would give the government spending power to get through the president elections. fourth, the grand compromise, the one the president is pushing for, the long-term deal that could take a big bite out of the deficit. two big head lines, the casualties keep coming and the scop...

A -- future. and of course, if we look back at the valdez disaster in alaska, it took 20 years to date and we still don't know. and it will take years to recover. >> and with the oil spill in mexico, they are still seeing oil on the coral there -- >> we were there in november, and indeed. >> and in terms of the long term when i was down there, a lot of of the people rt stad tastarted about the worries of the dispersants and the 2 million gallons of the dispersants, and what are you learning about that one year later? >> well, the thing is, and one of the key things to remember about this oil s...

One of the things about the oil spill was that it came in -- couldn't come at a worse time in that it was springtime and larvae and fish eggs, next generation in the water column which the oil is so toxic. same thing now this spring people aren't sure what will happen. they don't know, shrimp fishery just opened up two, three days ago. there's preliminary reports of the catch not being too bad. but oil showing up in the shrimp. the number one thing that still scaring people on the gulf is the uncertainty. >> thank you so much, felipe cousteau for your insight on this. this is a story we are co...

It's hard to overestimate what is serious concern this is. >> well, that's just it. i think that one of the scariest parts about this experience is the catastrophe in the gulf. it's unprecedented. this level, this degree of oil spill has never happened, never happened this deep and we don't know the long term impacts of what's going to happen. the latest reports that you mentioned about the oil in the crab larvae is a perfect example of how this oil -- its insidious. i had it on my hands. i've been diving in the gulf. even when we didn't see it at the surface, i could see it in front of my fac...

Dive suit, yesterday, descended along the felipe cousteau to get a look at this water to see how the dispersants may have polluted the water. any idea what some environment lists or others might be thinking about felipe cousteau about news the old containment cap is removed by bp as hay make way for the new one? >> reporter: i haven't talked to felipe cousteau but he will be happy. they want bp to quit pumping dispersants in the water. we were diving around yesterday and saw little pieces of oil and according to felipe, that oil is toxic to fish eggs and larva. to explain that, one part per