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Transcripts For CNNW CNN Newsroom 20110729



delayed. police in texas say a muslim american soldier confessed to plotting an attack on ft. hood just two years after a muslim officer shot to death 13 people on that same base. tropical storm don could hit the south texas coast tonight and drought-stricken farmers are welcoming the prospect of up to 7 inches of rain. we begin with that sobering reality check on the debt crisis and just how daunting the challenge has become. in less than four days, the federal government could run out of money and default on its bills. but on capitol hill, the process has taken a huge step back. house speaker john boehner abruptly delayed a vote on his debt plan because of a revolt within his own party. joe johns is in washington with more on the political battle and ali velshi in new york waiting to see how the markets will react. ali, let s start with you. the new gdp number that just came out moments ago. reporter: this is going to add a whole new wrinkle. we have seen future ....

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