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malone's is the country's only village post office. the postal service says they expect to save about $42,000 a year here and may turn as many as 3,700 existing locations into village post offices. but with a looming debt of $9 billion, saving the u.s. mail service is going to take more than a village post office. patrick oppman, cnn, malone, washington. the news continues now with randi kaye. this is the bill, says president obama. the question now is whether the american jobs act will ever be turned into law and how fast. as you may have seen live right here on cnn, president t...

president obama wants $447 billion to create jobs. the president cause it a jolt not a system ytimulus. aly is off this week. the american jobs bill, a tax credit for hiring unemployed veterans and modernization of 5,000 public schools and tax credit for hiring long term unemployed and position to help refinance mortgages at low interest rates. steven, the white house is steering us told analysis from well known economist mark zandi who says this plan if enacted could create almost 2 million jobs. let me guess, you're skeptical? >> i'm friends with mark for a long time but he's been ...

hello, everyone. i'm fredricka whitfield. breaking news we're covering now. new developments this hour from the conflict in libya. we're working to confirm several reports that one of the sons of toppled leader moammar gadhafi has left libya and may have surfaced in another country. live now from kabul, afghanistan, our senior international correspondent nic robertson. nic, you know that saadi gadhafi may have left. you apparently know him personally, you've had e-mail exchanges, et cetera. what are you learning about his where abouts? >> reporter: what we know from the minister of j...

we'll begin with the breaking news, all of us with money in the stock market, we're just catching our breath and now this, another big selloff on wall street. all three major indices way down at the closing bell. the dow losing a hefty 419 points. it's the fourth biggest slide for the dow in a month of big losses. the dow has plunged 1152 points so far this august. that's a drop 9.5%. and the month isn't even over yet. let's turn to cnn's richard quest. he's following what's going on. a lot of traders on wall street, richard, they're blaming what's happening where you are in europe f...

Because the military branches, they taught you to have this discipline. but in truth, the study at least says that it's more of your personality traits that allows you to go into the military and then be good businessmen. in your experience, joe, what is it about your personality that makes you great in the business world as well as in the military? >> he will with, i think business is mostly about understanding what people want. understanding what you have to do. and trying to put toes two things together somehow so you have to listen to your client and listen to your people who are producing...