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points. that continues to fluctuate. coming up in a couple of minutes. i'll speak live with the man who ran the government's bank bailout a couple of years ago. by the way, he agrees with the downgrading of the u.s. credit rating. don't miss that conversation with him here. i do want to begin with this. the commander in chief of the u.s. armed forces is at dover air force base in delaware right now. president obama is attending the dignified transfer, right there, that's what the military calls the movement of war fatalities from the place they died back to american soil. those who...

bank, their equivalent of ben bernanke gave a speech had morning and they said their economic growth is slowing, and traders took it as a note to say things are more serious than we thought. you combine that with the fact that the japanese central bank intervened to prop the yen up, and there's a fear that everybody is doing badly and nobody is there to pick up the slack. basically is that what is happening. money is coming out of the stocks. when you see that happening, it comes out of commodities or gold. people are taking their money out of the stock market and gold, and oil, and ...

because i wasn't willing to try to make a point and at the same time drive the economy off into the abyss. but make no mistake, i don't know of a single democrat who voted for this bill who thought it was a good bill. not one single democrat. >> i know you said that the consequences of default would be catastrophic but it's interesting you say you would have voted for it if your vote was needed to make it pass. a critic could say well, then, that your vote is sort of about politics because you knew your vote didn't really matter so it was a safe vote to vote "no" on? >> no. it really...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling america's national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nation's debt ceiling. failure to do so could downgrade america's debt rating and could be extremely damaging for global economy purposes. let's get all the angles. we've just learned the president will be addressing the nation later to. kate baldwin is up on capitol hill. first to you. what's the very latest, the think...

fires in los angeles, more than a dozen in just the past four hours. houses, cars, nothing is safe. we're talking live with the l.a. fire department tonight. students on a wilderness adventure attacked by a grizzly bear and one of her cubs bites and puncture wounds and the latest on their conditions. plus there. therefore, by the powers vested by me by the state of new york i pronounce you both married. [ cheers and applause ] >> history is made in new york. same-sex marriages, even new york city's mayor gets involved by performing a ceremony. i'm don lemon. you're in the "cnn ...