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this year. there you can see him. it's an extraordinary turn-around in the fortunes of hosni mubarak, from long-time iron-fisted ruler to inform, elderly defendant. he faces the death penalty if found guilty. cnn's mohammed jamjoom is in cairo and he joins us. what can you tell us about these developments? >> reporter: we can't stress enough just how historic this is. it's unprecedented a ruler like hosni mubarak, the deposed leader of egypt would be in that courtroom wearing a prisoner's uniform in a cage on a stretcher as a defendant. it's shocking to people here in egypt. many peo...

a ton of money. this hour, how he's dealing with the new messes that the country simply can't afford right now. and from the seat of power to an iron cage in a courtroom, the ousted egyptian president hosni mubarak goes on trial for allegedly ordering the killing of protesters. i'm wolf blitzer, you're in "the situation room." sort of vacation right now, they're on leave while tens of thousands of american workers are going without a paycheck because of their inaction. a lot of new anger and fingerpointing over the partial shut down of the federal aviation administration. senator...

for this wednesday, august 3. we have just gotten confirmation that bomb squad officers in australia have secured the safety of an 18-year-old girl who was in a house with a suspicious device attached to her. the operation to free her lasted three hours, they say her life was potentially at risk. nearby houses were evacuated and neighboring streets closed off. i'll talk to a reporter there in just a few minutes. stocks across the board are lower today, investors are worried about the weak economy and the debt deal that has done very little to reassure the markets. the dow has bee...

hey, kiera. >> good morning, guys. great to see you. here's some of the stories that have us talking this morning. nervous investors awaiting this hour's opening bell on wall street. the doll plunged 266 points yesterday for its eighth consecutive loss. trial under way for former egyptian president hosni mubarak. the ailing hue mark could face execution if convicted in the deaths of anti-government protesters. florida watching tropical storm emily as it approaches the northern caribbean. warnings up in haiti and the dominican republic. -- captions by vitac -- www.vitac.com well...

but you won't get away. the video that has everyone talking on this "american morning." good morning. it's wednesday, august 3rd. this is "american morning." a lot going on today. we should get right to it. >> yes, we should. >> isn't the debt deal done? >> it's not done yet. they have to do the super committee. >> and decide what they will cut, cut food inspectors, education grants, they are going to cut stuff out of education. >> at least some of it is done? >> some of it done. one of the bitter and dangerous debates this recent history is now history. the bill to raise the deb...