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here's what's happening. gadhafi's son speaks out from his hiding place, revealing new information about cease-fire talks. could his father be ready to surrender? that exclusive report is just seconds away. tropical storm lee is picking up speed and putting parts of the gulf coast under water. cnn reporters are positioned in towns right in the storm's path. we'll take you there live. then we'll head to an area still reeling from hurricane irene. president obama pays a visit to new jersey, a live report is just ahead. but first, to libya, exclusive developments right here on cnn...

traders are reacting to news of a deal. we need to get to jessica yellen who's at the white house now. the president came out a short time ago and said it appears a deal is in the works. not the perfect deal but one that will keep america from going into default. >> that's right, don. i have more information about how it came together. i came from a briefing with senior white house officials who say it happened between 8:10 and 8:20 when the vice president and the president, i should say and the vice president called the congressional leaders and affirmeded that they do, in fact, hav...

>> we have complete coverage on every angle of the story. what's in the deal, how it came about and how all the various players in this debate are reacting. we are keeping an eye on where traders are reacting to news of a deal. we need to get to jessica yellen our chief white house concerned correspondent the president came out a short time ago and said it appears a deal is in the works. not the perfect deal but one that will keep america from going into default. >> that's right, don. i have more information about how it came together. i came from a briefing with senior white house o...

no deal on the debt ceiling, but it is a new day. our sources say president obama is trying to koex members of his own party, while cutting as much as $3 trillion in spending. that is going to mean changes in health and retirement programs, also puts off tax reform, something a lot of people felt is very important, until later. the details are very fluid. no agreements yet. congressional democrats are very nervous. the president trying to figure out a way to work it out. he's holding a two-hour meeting at the white house. he did that last night. writing about compromise in this morni...

Come see that boy, donald. >> we can confidently rule out trump/morgan 2012. the financial crisis taking a toll on the president of cze czechoslovakia. swiping a pen during the news conference. it has become a virtual sensation. more than 5 million page views. grabs it with one hand and sneaks it into his pocket with the other hand. why are your awake, your texts and e-mails are next? ♪ [ male announcer ] the davis twins... ...are alike in nearly every way...