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no agreement. nor is there an agreement on a house republican push for a much smaller plan made up of spending cuts alone. if all else fails, we may end up with an idea floated by the top senate republican, mitch mcconnell. we laid it out for you. three separate votes between now and the next elections to raise the nation's debt by $2.5 trillion, and there would be $1 trillion in spending cuts and a special congressional panel to shore up entitlements, and the up side supposedly for republicans is keeping the issue alive for another year and blaming the president, who, by the way, is...

the deficit and raise the debt ceiling. meanwhi meanwhile, the specter of default comes ever closer. frankly, it's the tone of these debates that has a lot of people scared and this is a guy who's scaring a lot of folks tonight. congressman joe walsh, republican from illinois, a freshman backed by the tea party. he's been known to say blunt things when criticizing president obama. these comments might just take the cake. i want to show you a video congressman walsh shot and posted to his website yesterday. >> president obama, quit lying. you know darn well if august 2nd comes and goe...

worked out. hef breaks his silence on the runaway bride. and he'll be introducing me to his new loves. this is "piers morgan tonight." casey anthony will be a free woman in days. sunday she'll be released after being found not guilty in the death of her 2-year-old daughter caylee. joining me now is the woman who was at her side throughout that infamous trial. attorney dorothy clay simms. when i say infamous, it's attracting so much attention. so much speculation. and as you will be very aware, a lot of negativity towards your client. what was your overview? were you even remotely sur...

i tell him? >> sure. >> it is june 18th. >> june the 18 pth this year, saturday. >> sadly, we know how that worked out. hef breaks his silence on the runaway bride. and he'll be introducing me to his new loves. this is "piers morgan tonight." casey anthony will be a free woman in days. sunday she'll be released after being found not guilty in the death of her 2-year-old daughter caylee. joining me now is the woman who was at her side throughout that infamous trial. attorney dorothy clay simms. when i say infamous, it's attracting so much attention. so much speculation. and as you wil...

a democratic source telling it differently, saying the president challenged mr. cantor for what the source called" talk out of both sides of his mouth". they'll be back at the table tomorrow. the stakes could not be higher. moody's today put america's credit rating on review hinting at a possible rating drop. ben bernanke says defaulting on the debt would be catastrophic. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing accounts? >> reporter: democratic sources say that bottom line is that the president was schooling...