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Steve Benen: Donald Trump's

a meaningful handle on the deficits and the debt. now comes of course the federal reserve. we have ben bernanke here, which has used every tool in its box to keep credit flowing and interest rates low in the wake of the great recession. at 2:15 eastern, a little over an hour from now, the fed will tell us what if anything it plans to do in the wake of the downgrade, the debt snafu, the european debt snafu and the global stock freak-outs. in the meantime, i want to bring in richard quest, just outside the new york stock exchange, and christine romans in our new york studios. i would l...

Now golf ball sized tar starting to show up in dauphin island. a woman who found the stuff says it looks like tree bark, but has a liquid consistency. in her words, it is definitely oil. tar is now being examined to determine if it came from the leaking oil we. brooke baldwin is in mississippi. we know you went to the islands and scooped up the water to test it. what are the results? >> reporter: right. we went to the chandelier items. i scooped up what looked like an orange goo and put it in this water bottle. we went up to this lab in ocean springs, mississippi, and they extracted this. can ...

>> reporter: it was amazing. i mean we knew we would go out. we had an idea we would see oil. we had no idea how quick hi and how much of it we'd see. i put some of it in a bottle. this is what it looks like, almost a brownish/pinkish liquid but when you look at the picture on the surface of the water -- i think i described it as an orange goo. we took this teeny, tiny underwater camera and were the first to really photograph what the oil looks like below the surface and i showed those underwater pictures to a marine scientist, to a gentleman from the scripps institute of oceanography and he w...

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