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the outside world with william cohen. it is a new day hopefully a far safer one for sunlts at a los angeles school at the center of a shobi ishocking child abu n scandal. they were greeted with an entirely new staff. the whole staff was replaced after the arrest of at least two teachers accused of committing lewd acts with students. eight alleged victims are expected to announce the first lawsuits in that case. president obama is let'sing states off the hook when it comes to the no child left behind law. the president is expected to announce this hour that he's freeing ten states...

Holloway, of course, famously in aruba. >> some of that, it looks like she was about to get hit by a car in that footage. >> a marine springs into action to nab a would be car thief. the sergeant says his training kicked in when he heard a man calling for help, that's when he tackled the suspect. the 48-year-old -- >> italian guy, get him! >> thank you, brian. he managed to hold him until police arrived. certainly heroic actions but not in this marine's mind. >> i know, you know, buddies who have essentially given their lives to, you know, do more heroic things than i have. >> the victim and h...

i'm wolf blitzer. you're in "the situation room". -- captions by vitac -- www.vitac.com we begin with breaking news on wall street. a dramatic rescue and equally dramatic reaction on wall street. the stock market skyrocketing today on new that is the federal reserve and other central banks are taking direct action to prevent a financial meltdown in the euro zone using the their resources to keep money and credit flowing amid the staggering debt crisis. it's the largest coordinated move of its kind since 2008 when similar action brought u.s. credit markets back from the brink. let's...

the sickening scene of violence and looting. and one party is paying a bigger price over the showdown over the regular debt. stand by on whether members deserve to even be re-elected. i'm wolf blitzer, you're in "the situation room." wall street following big gains after some of its biggest losses of the year. the s&p and nasdaq also rebounded. the dow on a roller coaster all day after the federal reserve's afternoon announcement about interest rates and future economic conditions. lit's bring in poppy harlow. it was wild. >> swings of 600 points. some of them hundreds of points wi...

but "cnn newsroom" continues right now with brooke baldwin. >> speak of washington, we have a busy two hours ahead. randi, thank you very much. hello, everyone. are you ready for this? the debt deal is done, right? not exactly. we still need to see votes happening both in the senate and the house. on the house side, it looks like some democrats could be holding things up. we'll speak with one of them. we expect to hear from speaker of the house, john boehner this hour. we'll carry that live for you. so stay tuned for that as well. let's begin here. as the clock continues to tick, n...