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this morning, european leaders agreed on a deal to help resolve the european debt crisis. the agreement was hashed out during tense overnight negotiations. it was all censored on reducing grease's debt. drew levinson is here in new york with the details. good morning. >> good morning to you, terrell. >> reporter: the crushing greek debt threatens to affect the entire global banking system. now eu leaders say they have a deal but is it the answer? >> these are exceptional answers for exceptional times. europe never find itself in this situation. >> reporter: after marathon negotiation...

this is the "cbs morning news" for thursday, october 27th, 2011. good morning, everybody. appreciate you joining us. good to see you. i'm terrell brown in for betty nguyen. this morning, european leaders agreed on a deal to help resolve the european debt crisis. the agreement was hashed out during tense overnight negotiations. it was all censored on reducing grease's debt. drew levinson is here in new york with the details. good morning. >> good morning to you, terrell. >> reporter: the crushing greek debt threatens to affect the entire global banking system. now eu leaders say the...

i'm erin burnett. "outfront," count down to another downgrade of america? the super committee held a rare public hearing today. they're the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don't do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd, that is the deadline for the final submission. and then december 23rd, the final deadline when congress must up or dow...

wealthy. >> to my great disappointment, it appears the politics of division are making a great comeback. instead of working together where we agree, the president has opted for divisive rhetoric and broken politics of the past. he's going from town to town impugning the motives of republicans setting up straw men and scapegoats and engaging in lazy arguments as he tries to build support for punitive tax hikes on job creators. >> he went on to say that many americans share my disappointment. here is some of the language that ryan and other republicans are objecting to. >> their plan, ...

i'm erin burnett. "outfront," count down to another downgrade of america? the super committee held a rare public hearing today. they're the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don't do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd. that is the deadline for the final submission. and then december 23rd. the final deadline when congress must up or dow...