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talking about cuts and specifically what's handed to em because of the debt ceiling deal reached earlier this week. initially they know they have to cut 350 million which more or less they are okay with and won't necessarily sacrifice our national security, but where the big question mark comes is if that committee can not decide on how they will make those additional cuts to equal around or about $1.2 trillion, they will have to cut hundreds of billions, 500 billion, 600 billion, 700 billion just to defense, and to quote, i want to get this precise for you, the defense secretary sai...

ceiling averting a potential default on the united states' financial obligations. >> it's just been amazing to watch and see the president come out on a sunday night like this, wolf. we'll have complete coverage on every single angle of this story, what's in the deal, lou it finally came about and how all the various players in this debate are reacting tonight. several asian markets already opened, others will be opening soon. we'll take you there live to see how the traders are reacting to this. >> it's been an amazing day, don. i must say. earlier today the senate democratic lead...

from. now the citizens fight back. >> as we explore our new segment cnn anchor don lemon appears not to care for cnn. >> what is jon stewart talking about and why did stephen colbert interrupt one of my broadcasts. >> i'm in the middle of a broadcast. >> yeah, who isn't? yeah, hold on, sanjay. >> i'll explain that and more in the news tonight. good've evening, everyone, i'm don lemon. u.s. senators are on the job. the high stakes standoff over raising the nation's debt ceiling has lawmakers working this very hour. as of now, they don't agree with they're making any progress. tonigh...

already for so many people. so it's unbelievable. we just don't know. we're at a point where there is a lot of concern because it is so uncertain. and people are following it, they're talking about it. >> and they'll be doing that for the next two hours. hope fly we'll have something by the beginning of next week. live from studio 7, want to get you up to speed for this friday, july 29th. we're will thalmost out of time. those words from president obama. the deadline for raising the country's debt limit now just four days away. and congress and the white house still gridlocked over...

to send it to the senate where it can receive action. >> well, the vote was scheduled for yesterday, rescheduled for early this evening and then put on hold again so the leadership could wrangle votes. they're going that literally as we speak. still promising a vote sometime tonight. we'll be live when it hams. yesterday speaker boehner told the troops to "get their asses in line". apparently not enough republicans have, and now his credibility is on the line. most of the opposition coming from tea party supporters, raw, open, direct rebellion. >> we want to make sure we never get he...