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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...

already for so many people. so it's unbelievable. we just don't know. we're at a point where there is a lot of concern because it is so uncertain. and people are following it, they're talking about it. >> and they'll be doing that for the next two hours. hope fly we'll have something by the beginning of next week. live from studio 7, want to get you up to speed for this friday, july 29th. we're will thalmost out of time. those words from president obama. the deadline for raising the country's debt limit now just four days away. and congress and the white house still gridlocked over...

this scene played out across scandinavia earlier today. people pausing to remember the victims of that attack. as norway mourns we are hearing more from people who risked their lives to save others. our cnn's michael holmes caught up with one of them. >> it's not a huge boat. how many people did you put in here? >> the first round i believe it was 14. >> reporter: 14. >> yes. and then i had to address the oldest one and said you have to stay ashore. i promise i will come back and get you. they respected that. i said, sit down and wait. i went to the mainland. i went back again and th...

washington, debt talks and broken down. late this afternoon house speaker john boehner walked out of negotiations with president obama saying the two could not connect because of their difference visions for country. president obama was the first to respond. >> my expectation was that speaker boehner was going to be willing to go to his caucus and ask them to do the tough thing but the right thing. i think it has proven difficult for speaker boehner to do that. i've been left at the alter now a couple of time. >> a short time later, speaker boehner hit back with this. >> let me just ...

overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as other members, and exploring the possibi...