welcome to al jazeera america, i'm del walters, these are the stories that we are following for you. with the deadline to raise the debt ceiling now just hours away. the senate said to be closing in on a deal. the global market seems to like what they are hearing from washington. and talks with iran over its nuclear program ending in geneva with more anying associationed planned. we are now less than 13 hours away from the debt ceiling

default when the u.s. reaches its borrowing limit. senate leaders are said to be talking about a deal, and they are optimistic it can be done today. this comes as the national debt stands at nearly $17 trillion. it goes up roughly $2,000 each and every second. wall street is said to be optimistic about a deal, checking the big board at this hour, the dow jones up almost 200 points. we have two reports, and we'll begin with paul beban in washington. paul harry reid and mitch mcconnell say they are optimistic. the senate has its own bill, but the house will go first, correct? >> reporter: that's what we are hearing. senate was up all night to hammer out a deal to get the details nailed down, and now the plan seems to be they are going to pass that deal to the house first because that would

eliminate procedural hurdles, give it to the house, let them vote, and then bring it back to the senate, and then to the white house by the end of the day. they are huddling right now in john boehner's office on capitol hill. it is under consider but not done just yet. but it's the outlines of a plan taking shape minute by minute, dell. >> paul if it gets back to the senate is passage there a sure thing? >> reporter: the thinking seems to be if they can pass it to the house, and it comes back to the senate, they will be eager to move it through, but there is always the possibility that people like ted cruz could slow things done. so this is far from certain how

it's going to play out. >> so if, and this is a big one -- if it passes the house, then gets to the senate, what happens next? >> then it would go straight toe the white house, as you mentioned possibly by the end of the day, ahead of the midnight deadline for the debt ceiling, but there could be plenty of changes. >> paul beban joining us live from washington. thank you very much. and in case you needed further proof that americans just like you are fed up with what is happening or not happening, there is a new poll out that nearly three-quarters of americans want all of congress voted out by 2014. and talk of a deal in the senate to sending stocks soaring at

this hour. the dow jones industrial average in triple digits. now just under 200 points. john terrett is standing by live from the new york stock exchange, and do they know something we don't know on wall street? >> reporter: they do, dell. i have to put my glasses on, because since i was last here they moved the boards further back. it's up, the reason they think they know is they can separate out the politics here. the economies, the traders, and investors, they can put all of the politics to one side, and they know this debt ceiling issue is far too serious to be left alone. they think there will be a deal. and it has become clear in the next couple of days that we actually have a bit more time than we thought. the deadline is at mid-night, but the u.s. won't start to run

out of money for a couple of weeks. so even if they don't get a deal today there is still time on the nation's side. >> so when congress picks up the phone was wall street in this case know something that main street doesn't know? >> reporter: ordinary americans are going to hurt if the government runs out of the ability to borrow, because this government in particular spends much more than it brings in taxes, so things like social security payments, unemployment check, some military pay, that is going to stop. but the real worry, and has economists fretting is if the united states doesn't pay the interest on the bonds, countries around the world who have invested on u.s. debt. if that doesn't happen, it's a breach of trust. it's like this if you were to

lend me a hundred dollars, and i said i'll pay you back ten installments of ten bucks a time, and i didn't pay you back, you would never lend to me again, and that's all you need to know to work out why this is so serious. >> john what is the word, when does -- when do the government checks start to bounce? >> reporter: well, it looks like -- the checks will begin bouncing if a deal isn't in place by the 22nd or 23rd, so we're talking next tuesday, something around there. that's when i think there may be a problem. technically, of course, the country has defaulted already. that happened a couple of months ago, and it has defaulting all the time as various people aren't getting paid from the government shutdown. but if the government -- the treasu treasury secretary is clever,

they can prioritize their spending, but these same politicians are saying where else is the world going to put its money if it doesn't put into it the dollar? into the euro? i don't think so. in to the chinese currency? not for another 50 years or so. so those are the strategies being used by the politicians to try to eke this debate out a bit further, but the economists are saying no, no, no, don't risk it, it's far to big of a problem. >> john one last question before you go, and that is that this is not only about money, it is also about power. wall street wields a lot of power in washington.

>> reporter: i think economists, wall street play verse been on the phone to the white house and congress for the last two weeks, and particularly over the weekend, and i think that's why you are seeing the dow jones ahead by so much. that's a snapshot of what everyone here feels. i know it has to start in the senate and go to the house and might have to come back, but we think now there is a bit more time -- i mean as long as the deal is on the table by thursday or friday, i think people here will be fairly confident. >> john thank you very much. and we will continue our coverage of any possible government default. tonight ali velshi is going to host a special edition of "real money with ali velshi." he will be joining us live from washington, d.c., and talking about the financial implications in washington and hot it directly effecting your wallet. there are no reports of any casualties or damage as an

earthquake rocked papua new guinea. it struck the eastern part of the nation. earthquakes are common there. eastern india is dealing with flooding left behind by cyclone phailin. thousands of people remain stranded by the flood waters left behind. in that government working to get food and other aid to the effected areas. the cyclone has been blamed for at least 23 deaths. in japan at least 17 people are dead after that typhoon hit that coast. japanese government has promised to do all it can to find the missing and help survivors. eboni deon has been tracking the

typhoon, eboni. as it continues to lift to the north you can see a lot of the convextive activity has waned. so we're not seeing the rain action, but still some elevated seas, and still some wind gusts being felt here, but as for now it looks like it is continuing to weaken as it pushes off to the north. of course there is a lot of damage left behind from the system, landslides, up to 7 inches of rain fell within just a short period of time. so still lots of clean upthere. we are still watching nauri, and this is expected to track southwestward but eventually curve northward so it doesn't look like the philippines are in

the path of the storm, that is good news, but it does look like it could curve back to japan. dell back to you. >> eboni deon thank you very much. glenn greenwald said he is leaving the guardian newspaper for a new journalism opportunity. coming up next on al jazeera america, we'll why you why workers in china could be hit the hardest from a u.s. default. hard-hitting debate and desenting views and always explore issues relevant to you.

talks about iran's nuclear program have just ended in geneva. those talks centering around fears in the international community. today's meeting ended with plans for more talks to take place next month. investors and traders on washington aren't the only ones watching what is happening in

washington. europe is also watching closely. phil how is the european market reacting to the potential threat of a default. >> reporter: the markets here are slightly down around the continent. but we are hearing from analysts in the city of london. that's the financial sector, the financial district here in the capitol, that there is -- there are large sales of u.s. treasury bonds going on currently. so definitely some trepidation but no real run on the markets as yet. >> and there is talk of a glimmer of hope in washington, but we have been here before, so what type of fallout is europe expecting should the u.s. actually default? >> reporter: well it will be catastrophic for europe. they are just limping their way out of recession as it is, and there has been years of

austerity for them. but the general atmosphere here in europe is disbelief, and nobody thinks that there actually is going to be a default. they just can't fathom why america would do that to itself. so they are watching, they are waiting, there is trepidation, but there's no real panic as of yet. >> phil thank you very much. again, wall street seems to think a deal might be made. the dow up 202 points right now. china holding more than $1.2 trillion in america's debt, and it is growing more and more vocal about what is going on in washington. >> reporter: work at this knitwear factory continues despite fears, the products here are exported all over the world. the u.s. dollar, which has long been the international reserve

currency, would face a lack of confidence should the united states government default on its debt, and this would throw global trade into chaos. >> if america defaults it will destabilize the exchange rate. it will be very bad for export. we will suffer a lot. >> reporter: the world's two largest economies are deeply interconnected. china is the largest foreign holder of u.s. debt, and the u.s. is china's second largest export market. over the last few years, china has been exporting more than importing and accumulated the world's largest horde of foreign reserves. the chinese government has expressed concern over the u.s. possibly defaulting on its debt. but chinese state media has gone a step further, calling the u.s. a hypocritical nation with a dysfunctional government, saying it is the time to de-americanize

the world. as it stands china holds nearly 3.5 trillion in u.s. dollar assets, 1.28 trillion in u.s. treasury bonds. it has already begun to diversify those holdings. >> [ inaudible ] so it's something really knew, and we have no experience, so i don't know what will happen. >> reporter: but one thing is certain, whatever does happen will affect not just china, but the entire global economy. if the u.s. defaults on its debt, it will help prove china's point that u.s. dominance in world affairs is declining. the stalemate in washington is affecting the housing market. the mortgage banker's

association saying that applications to fore majs dropped 7% last week. the group is blaming the shutdown for the decline, but overall home loan applications rose as refied jumped 3%. apples iphone 5c is not doing too good. apple is now cutting its orders for the 5c. it says it will reduce orders for the phone by some 20%. jpmorgan may have another deal on the tail related to another alleged improper trading scheme. once again the situation involves the bank's london office. it says it is close to a deal to settle with the trading commission. activists are marking today as world food day. all across the u.s. access to good healthy food is a growing

and serious problem for a lot of americans. natasha ghoneim joining us live from florida. she has been there all morning watching people line up outside of a mobile food pantry. quite a site. >> reporter: it was. the truck arrived shortly before 10:00, and when we arrived at 7:00, people had already been lining up. this is a persistent problem. a recent gallup poll shows that 20% of americans in the last year have had trouble buying enough food for their families. at the peak of the recession in 2008 that figure was 20.4%. so this problem persists largely in part due to unemployment, and specifically the difficulty people are having in finding full-time employment. so people are relying on

charities and government programs to put food on the table. . >> and a lot of families are relying on the schools as well just to feed their familiar list? >> dell, schools have become a nutritional lifeline for families that are struggling. we visited a school in palm beach county. the school offers through a state program, free breakfasts, they have a food pantry to families in crisis, and each week a charity visits and gives children free bags of food to send home. and the principal told me that quite often kids will be having behavioral problems. they will take that kid aside and find out that that child has not eaten since lunch the previous day. >> and with that line that stretched around the block, are there concerns at food banks?

i know there are concerns elsewhere at food banks, that they may be running out of provisions because the lines are getting so long? >> reporter: dell, that's such an excellent point. we did another story about a mobile food pantry catering specifically to senior citizens. and people who were once volunteers are now the ones in line. so, again, this is an example of how at least in south florida this problem persists and charities are struggling to keep up with the demand. >> natasha ghoneim joining us from palm beach county florida, which by the way is one of the wealthiest counties in the state. thank you very mump. up next, too many horses, not enough land. we'll tell you about a problem plaguing parts of the midwest.

[[voiceover]] every day, events sweep across our country. and with them, a storm of views. how can you fully understand the impact unless you've heard angles you hadn't considered? antonio mora brings you smart conversation that challenges the status quo with unexpected opinions and a fresh outlook. including yours. welcome back to al jazeera america. i'm del walters.

here are your headlines. is good news from washington with cautious optimism. wall street seems to like what they are hearing from washington, the dow jumping almost 100 points right after the opening bell. right now up 185 points. more talks are scheduled about iran's nuclear program, negotiations in geneva ending with a promise of more negotiations to take place next month. officials say a quick solution would not be and should not be expected. there are approximately 33,000 wild horses roaming public lands across the midwest. now there is an effort to keep that number right where it is. >> reporter: strong, free, and independent. wild mustangs are a symbol of

the american west. they represent a proud heritage. >> my family loves coming here, we want that for our future. >> reporter: it's an effort that the bureau of land management works to continue. it is this man's job to look after the approximately 154 wild mustangs on the western slope of colorado. >> these mustangs look pretty good. that means this area here in the valley is the appropriate size for the number of horses grazing on it. but in other areas there are too many horses, and not enough land. there are about 37,300 wild horses and donkeys roaming 31

million acres from washington to colorado. that's 10,000 more animals than the federal government says is appropriate for the land available to them. >> and if we did not manage the horse numbers, we would run into a boom and bust situation where we would have enormous amounts of horses that would annihilate the food. >> reporter: horse experts at colorado state university are developing a contraceptive vaccine that would prevent a mare from conceiving for as long as three years. but it could be too little too late given that the population will triple by 2015. leaving only tough controversial alternatives. >> the only other option is to round them up, catch them, and take them to sale or slaughter. >> reporter: another drastic measure is to let them starve

until the population is brought back into balance. >> i grew up in montana and riding horses almost every day for 20 years, and it's a shame having seen horses in that environment to watch what is happening to the wild mustangs. >> reporter: they are hoping the contraception vaccine is effective before they are forced to make decisions on the mustang's future that so far it has been unable to do. tamara banks, al jazeera, mesa county, colorado. ♪ and we are finally going to catch a break from all of the feign we have been dealing with in texas and arkansas, the tail end of a frontal boundary finally getting a little bit more motion. so we will see the active

starting to diminish for just a bit. but for now we still have a line of rain that continues to stretch down through texas. some areas will finally start to see a little bit relief from the wet weather. but for now the rain doeston, and the rain is still very saturated. we have flash flood watches from tyler, texas up to pine bluff, arkansas. as we take a look at the forecast here in dallas, we are going to see brighter skies on thursday. so one more day that you will have to take that umbrella with you. we'll only get into the low 60s and then finally the low 70s will return.

the frontal boundary moves to the east but will it is and stall here across georgia. that will provide mostly scattered showers. it has been cool and damp in florida. and it's very cloudy here across the northeast. we have plenty of moisture in place, but the front has yet to get in. it's mainly around pittsburgh where we are going to see showers today and also across parts of ohio as we head into the afternoon. but as we check across the midwest, we're drying out behind this frontal boundary, but we're also cooling down. we're only expecting highs here in the 50s and 60s. dell? >> thank you for watching al jazeera america. i'm del walters. "inside story" is next. and a reminder that ali velshi will host a special edition of "real money." we'll be live from d.c. to talk

about what is going on in the nation's capitol and how it effects your wallet.