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Being a politician that put self interests ahead of beating the president. >> i thought he was hanging tough because he wanted to erase that part of his legacy that is an 18 point loss to bob cascase junior. 37% close san tomorrow in the native state, and that option may be off of the possible. when we come back in 2016, at least nobody with ask me about that casey loss any more. >> i think you just said something that's important to remember, when we come back in 2016, and that is really what's going on here. it was a group of conservative leaders that wanted to feed mitt romney and they have...

they also agreed to boost the eu bailout fund to a trillion euros, details still pretty vague. they're requiring european banks to keep more cash reserves as a cushion against losses. so why should americans care? well i mentioned stocks but that is just the start. my colleague alison kosik has a whole lot more from the new york stock exchange. first, catch us up on the markets, both here and abroad. >> okay. randi, first stocks are at some of their best levels of the session, the dow up 293 points. if you look at this month as a whole, it is shaping up to be among the best ever. t...

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...

Later, again, there was a deal on the table to save the economy. this time congress voted yes and the markets reacted exactly the same way. >> we've got about ten minutes to go here before the closing bell and it's a bit of a blood bath. dow down 257 points. >> maybe wall street's sending a signal to washington. >> yeah. >> today after congress voted to raise the country's debt ceiling and thereby avoid catastrophic national default, the market fell off a cliff. the dow lost 265 points, its eighth consecutive day in the red and its biggest point loss in month. cnbc does the heat map for the s&...

political infighting has seen japan with five different prime ministers in five years. witnesses report loud explosions in yemen near a presidential palace in sena. months of failed protests have failed to bring down the president. the deadly e. coli outbreak in europe has left more than a dozen dead and hundreds sick, mostly in germany. the source of the outbreak is not known. google said hackers have targeted g mamail users with a phishing scheme that may have begun in china. those are the headlines. i'm zain verjee in london. "world business today" starts right now. good a...