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not been corroborated. i want to stress that. it is credible, but it has not been corroborated. but we do live in a world where must take these threats seriously, and we certainly will. the nypd is deploying additional resources around the city and taking other steps to keep our city safe. >> we want to be very careful what we tell you tonight. with that in mind a senior intelligence official tells us the plot was to involve three individual, one of them an american citizen. the official saying that the threat involved a vehicle bomb but going on to said intelligence picture is not f...

another recession. and adds new urgency to the political debate here in washington over new jobs initiatives. the dow jones industrial average was down just short of 420 points or 3.7%. the nasdaq down 5.2%. the s & p 500 down 4.5%. it is what drove the markets down that is again stoking recession fears. overseas more jitters as europe struggles to contain its debt crisis. here at home, data some see as evidence of a new downturn. weekly unemployment claims rose much more than expected. sales of existing homes dropped by 3.5% in july. analysts had been expecting a modest increase. th...

inside a hospital in somalia to remind us that they aren't statistics, they are people in pain. i'm wolf blitzer, you're in "the situation room". after weeks of blatant political flirting, the texas governor rick perry is now ready to commit. cnn has learned he will major a formal campaign announce mementd our new poll, jim, shows he will be very competitive. >> that's right. he comes in the top tier, wolf, you're right, rick perry, according to a source close to the governor has told cnn that the texas governor will be announcing he's running for president on saturday. he will be do...

at least for the moment. stocks bounced back in early trading today, after monday's 634-point plunge. right now, dow blue chips are up by 201 points. investors are psyched over today's fed meeting, and there's speculation it might announce a new stimulus. to boost the economy. president obama sits down with treasury secretary timothy geithner. that's happening this afternoon. they're going to size out the new market turmoil that is fearing -- that is fully feeding fear of double-dip recession. the president is promising to help a special congressional commission find a long-term fi...

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...