banks but j.p. morgan chase's shareholders say their boss can stay. also, anticipation builds at the john edwards trial. his eldest daughter is expected to testify soon. and that day has come. we'll tell you which airline will let you use a cell phone during your flight. dramatic new developments today in the battle between washington and wall street. an fbi source tells cnn the government is looking into the $2 billion trading loss by one of the nation's largest banks, jpmorgan chase. today bank ceo jamie dimon assured shareholders that jpmorgan chase is strong and can with stand the loss. he was speaking today in tampa and played down the sudden departure of the chief

investment officer or cio ina drew. >> while we have taken loss of the cio, no clients were affected, no customers suffered as a result of our mistakes. the bottom line is that however unfortunate this incident is we want to do what we always do -- admit our mistakes, learn from them and fix them. i'm confident when we are done here we'll with b a stronger confident. >> the shareholders voted to let him keep his job. they also voted to let him keep his $23 million pay package. bob lenzner is here from forbes magazine. the fbi, s.e.c. and federal reserve are all reportedly looking into the $2 billion trade. >> right. >> so far there is no indication that j.pmorgan violated laws, s why the investigation? >> i don't know why. i doubt they will find there was criminal action in europe on the

trades. the s.e.c. and the federal reserve have to look into -- the federal reserve is supposed to be regulating the holding company of jpmorgan and the cio office with $370 billion should be regulated by the new york federal reserve bank, but i don't know how they could be regulating these transactions over in europe on a realtime basis. i think that's where the mistake is. we have not been told exactly what these transactions were, but some of them were done in very, very large amounts in murky credit default securities few understand. the market is not public. it's not where the public can see what's going on. no one can see except the handful of people playing in it. i doubt whether any federal crime has been committed. >> okay. that's the big question. we'll find out if a crime has

been committed. at the shareholder meeting today they voted to let dimon keep his job. >> they should. >> instead of sflit splitting up the jobs. he said no customer suffered as a result of the mistakes of the company. do you believe him? >> yes. he wouldn't say it if it wasn't true. he's an honest, straightforward, hard-driving man i have known well over 30 years. i have great confidence he'll straighten this out right away and kick whoever's butt needs to be kicked. i would say by his saying that no customer money was lost he's saying for the first time that the money was not deposits by depositors. >> it was the bank's money. >> it was the bank's money. >> i have another question. >> okay. >> we keep hearing right now that the banks are bigger today than they were before the financial collapse in 2008. >> right. >> how is that possible? >> for jpmorgan, they took over

bear stearns which was going out of business. then they took over wamu which was a big -- a huge big savings bank. >> they swallowed up other banks. >> they took them over because they were failing and they were asked to take over -- or it developed that somebody needed to do something to prevent a systemic breakdown and jpmorgan took over the banks just like wells fargo -- >> is that a good thing or a bad thing? >> i think it's worrisome about the fact that there are five or six banks that are responsible for 95% of all the credit default swap trading in the world. if one bank were to get into serious problems it would affect all the other major banks and then you would have a possible crisis where too big to fail would be operating again. >> all right. too big to fail. we have gotten even bigger. bob, thanks for joining us. appreciate it. moving on, john edwards'

lawyers spent today picking apart the financial moe motives of andrew young, former edwards aide. edwards' daughter kate is expected to take the stand as soon as tomorrow. his friend and adviser testified the former presidential candidate knew nothing about the money from bunny melon. he said, he was as surprised to hear it as i was. senator edwards said, bunny, you should not be sending money to anyone. jeffrey tubin joins me now. let's start with kate. everyone wants to know if putting her on the stand is an attempt to avoid putting john edwards on the stand and letting his daughter make the case? >> part of it, but that's not the whole thing. sure, she can tell his side of the story, but there is a symbolic thing that's important. so much of the case is about how john edwards treated his family

horribly. his wife was dying of cancer. he cheated on her, lied to her. if kate edwards can forgive him then the jury should. that's got to be part of the message here. we'll see if the jury buys it. it's not just that edwards will testify through his daughter. it's that she will forgive him in a way that the jury perhaps will accept. >> if she forgives him the jury should. >> correct. >> we expect kate edwards to testify her father loved her mother elizabeth edwards. any indication what the prosecution plans to ask kate during cross-examination? can you guess what they would ask? >> by and large the prosecution will want to stay away from kate edwards. they have made their case, put in the evidence that this money came from bunny and fred baron and it was, in effect, a campaign contribution. i don't think the prosecution will get a lot of mileage out of attacking the daughter, the

blameless daughter of the defendant when her mother has died, her brother died. she's going to be a sympathetic figure. the best thing for the prosecution is to get her off and on the stand as quickly as possible. >> they won't win points attacking her. jeffrey toobin, thanks for joining us. >> okay. >> one of the newest high tech fighter jets has a problem. the f-22 raptor is making pilots and mechanics sick. no one is sure why. today defense secretary leon panetta ordered special precautions. chris lawrence, this is an odd situation. what do they think is wrong? >> jessica, basically some of the pilots who have been flying the f-22 have complained of symptoms -- dizziness, feeling like they will black out. the things you don't want to be feeling when you are flying well over twice the speed of sound. they are feeling the effects of

oxygen deprivation and the pentagon is trying to figure out what's going on with the jets. they think it is an engineering problem. for now they have mandated that they install a backup system in the jets and they are limiting the distance they can fly from the airstrip. in other words if the pilots get in trouble they don't want them to have to fly too far to land the plane. >> that's terrifying. how will this affect the air force's ability to conduct missions? >> in the short term some of the long haul flights over alaska, they have to use other planes to pick that up. big picture this is america's most advanced fighter jet. it is used in deployments over seas and to protect the air space at home. there are real questions the military has to delve into. >> i can imagine. they must be all over that. thanks, chris, for the update. we'll stay on top of the story.

>> reporter: mitt romney keeps saying he wants to repeal president obama's health care reform law. next, a report card on what he would do to ensure americans would still get health insurance. later, would you be more or less likely to fly on an airline if they let passengers use cell phones in flight? yep, it's happening. find out which carrier coming up next. ♪[music plays] ♪[music plays] purina one beyond. food for your cat or dog. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected.

gonna need more wool! demand is instantly recognized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon. it's the at&t network -- securing a world of new opportunities. ♪ for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and set it up someplace." so my parents went to bank of america. they met with the branch manager and they said, "look, we've got this little hot dog cart, and it's on a really good corner. let's see if we can buy the property." and the branch manager said, "all right, i will take a chance with the two of you." and we've been loyal to bank of america for the last 71 years. today is gonna be an important day for us. you ready?

we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers.

we are continuing our candidate report card series with a week-long look at mitt romney's record. today we dig deeper on his health care positions. john king breaks its down for us with this. romneycare came before obamacare and both are debating points. there is a conflict between what romney did and what he proposes now. central to the record on health

care is the massachusetts law enacted in 2006 that has expanded access from 94% of state residents to more than 98% including virtually all children. >> every citizen with affordable comprehensive health insurance, small businesses able to conveniently buy insurance for employees at a cost that's competitive with big businesses. medical transparency, bringing marketplace dynamics to health care. really for the first time. and finally, beginning to reign in health care inflation. >> now though as a presidential candidate romney says he would repeal the health care law arguing washington oversteps its authority and enacting a national mandate. >> we dealt wlt people in our state that were uninsured, some 9%. his bill deals with 100% of the people. he puts in place a panel that will ultimately tell people what care they can have. we didn't do that. what the president did is wrong. it is the wrong course for

america. it is not what we did in massachusetts. the people in massachusetts favored the plan by three to one. states can make their own choices. >> he now embraces controversial reforms, the program for the elderly including a voucher or allowance that may not be enough to cover retiree health care costs. >> we want to keep medicare alive not just for the current people that rely on it but for coming generations. it is paul ryan and people like him and me who will preserve medicare and won't cut medicare to pay for something like obamacare. >> thanks, john. here to discuss the health care record of romney, tevy troy and nera tamden. let me start with you. long before mitt romney was running for president before the republican primary began i was covering the health care law as it was being written.

my reporting was that the obama white house and congress were basing their plan on the romney health care model that was in massachusetts. is that not true? what are the differences between romney's plan and the president's plan as it exists today? >> thanks, jessica. of course i agree with what was said about how the romney plan was successful in massachusetts. i agree that there are problems with the obama plan. some of the main differences are that the obama plan is 2700 pages long. the romney plan was 70 pages long. the obama plan hikes taxes. the romney plan didn't. the obama plan calls for $500 billion in cuts in medicare. the romney plan doesn't. there are so many differences. they are just different. romney doesn't have ipab where bureaucrats tell people what health care they can get. there may be similarities but it is different. >> you were there helping to craft the plan. weren't there actually some tax increases in the romney plan?

>> yes. >> ipab can't be done on a state level. >> right. >> so some things couldn't be done. go ahead. >> we studied the massachusetts plan. i worked at the white house on the president's -- the affordable care act for the president. we studied the massachusetts plan because it was the same plan that the congress was looking at. it has the same idea of insurance market reform. it has the same idea of exchanges where people could purchase health insurance. these are fundamentally the same idea. you know, romney six, seven years ago -- not today when running for president -- but six or seven years ago he talked about the virtue of applying principles nationally. and just on these issues that tevi raised i have to say, you know, romney actually used hundreds of billions of dollars over ten years of federal money to subsidize the massachusetts plan. so that's why he didn't use as much on taxes.

he went to the federal purse to get a lot of medicaid money to fund the plan. when you're talking about the costs of the plan they are virtually the same. >> we have an interview from 2009 when we asked -- jim accosta of cnn asked mitt romney if it could be applied nationally. here's what he said. >> do you think this massachusetts plan could be a model for the country? >> there are a number of features in the massachusetts plan that could inform washington on ways to improve health care for americans. the fact that we have portable insurance and that we were able to get people insured without a government option is a model they could learn from. >> he now says he would like to repeal the obamacare or the national affordable care act because he doesn't think it should be applied on a federal level. my question is what happens to the 2.5 million young adults that are currently getting health insurance on their parents' plan because of the

affordable care act? what happens to the 60,000 who are getting coverage despite the pre-existing conditions because of the affordable care act the day after governor romney -- say he becomes president and repeals obamacare? >> i agree with what governor romney said in the interview. there are certain aspects he would look at. the entire plan is more of a problem as we were talking about. in terms of what happens after, governor romney has an aggressive plan to fix the health care system after repeal. repeal is the key first step. >> over time. the day after these -- someone is in the hospital. what do they do. >> first of all we have -- which covers people who need emergency medical treatment. our system is clearly far from perfect. there are a lot of changes to be made. there are a lot of people who won't be covered under the obama health care plan. this calls for a lot of health care costs.

cbo says there are still 20 million uninsured in 2019. there are still people uncovered under the obama plan. it's not like romney would fix all the problems. the obama plan has problems. it's expensive. it will cost over $2 trillion. >> neera, quickly. >> there are a lot of problems here. >> i think what tevi is saying is those people who have coverage today will lose it. if it is comforting that they have emergency room coverage instead of a doctor's visit that's cold comfort. the challenge with romney's plans is he would essentially have tax policies that mean people lose the coverage they have today. he takes away tax subsidies for employer base coverage. that's a big challenge. people who have health insurance would lose it under the romney plan. that's something to be concerned about. >> i think people who have the

plan now should worry about the obama plan. 30% of employer said they may drop coverage. >> that wasn't a nonpartisan study. it was a republican study. the congressional budget office disagrees with that. >> thanks to you both. we could probably keep talking. >> for hours. >> and a whole campaign longer. this will keep going. thank you for being with us. campaign savvy political ads. does that sound like a nightmare? it's reality and you will see ads showing up where you have never seen them before. find out where coming up. [ male announcer ] no one just hands you the title, most advanced technology in its class. it needs to be earned. earned with smartbeam head lamps. earned with vented temperature control seats. earned with an 8.4-inch touch screen. and if you're driving one, you know what it means to earn something. ♪

welcome back. here's kate balduan with the latest news you need to know. >> other headlines to catch you up on. george w. bush was in washington for a speech today on human rights but he made political news. as an elevator news was closing bush told a reporter, quote, i'm for romney. not exactly a splashy endorsement. the obama administration unveiled the plan to combat alzheimer's disease, a form of dementia that affects more than 5 million americans as part of the $130 million mr. obama pledged to research efforts in february. a secretary of health and human services kathleen sebelius detailed the plan saying it will lead to effective prevention and treatment by 2025. don't let escalating dpas

prices fool you. memorial day drivers plan to flood the highways for the holiday weekend. according to a survey from aaa, 30 million americans will drive to their destinations. 500,000 more road travellers than last year. they will subsidize the trip by staying at less expensive hotels and not driving as far. i'm sure the airlines will be just as packed. >> just as busy. >> who cares? if you're getting away on vacation. >> take the day off. thanks, kate. next, a deadly mystery. where drivers are warned to be careful if they are pulled over because a killer may be posing as a police officer. and an airline lift it is ban on in-flight calls using your own cell phone. the word that we use is jubilation. as you're getting older, you should be able to do the things that you love.

recently, students from 31 countries took part in a science test. the top academic performers surprised some people. so did the country that came in 17th place. let's raise the bar and elevate our academic standards.

let's do what's best for our students-by investing in our teachers. let's solve this.

this half hour, cell phone addicts and frequent flyers rejoice. hear which airline is letting passengers make calls from 30,000 feet. terror on mississippi highways. two drivers found dead and now police say a fake officer could be the killer. plus, house speaker john boehner said he's drawing a line in the sand on government spending. why he's gearing up for another showdown on the debt ceiling. if you have ever gotten a nasty glare from a flight attendant for fidgeting on your phone after it was supposed to be

turned off maybe you should book on virgin atlantic. passengers can now use their phones at 30,000 feet if you are on certain flights between london and new york. cnn aviation and regulation correspondent liz o'leary is here. i can't get the words out. i anyway know it makes some fly ecstatic. >> or annoyed. is this the person you want to be next to for hours? what this is -- and people shouldn't freak out yet -- it's not about using the cell phone, blackberry, iphone on the ground. it's like in-flight wifi but with phone calls. virgin atlantic is doing this. they are rolling out more of these flights. we have seen emirates do it, singapore airlines, british airlines, some of the overseas ones. lobbyists want it to happen. i talked to one of the guys pushing for this. he said, customers want this.

we love our phones. >> people want to stay connected. we are not so much addicted to it, but we feel we have to be connected. flying can be stressful. being able to connect, not whether you connect or not but being able to connect might be just enough to ease the nerves of one passenger on each flight and that might make the whole thing smoother. >> about 8 million people have made the calls so far on flights affecting about 50 million people. one of the catches is it's very expensive. remember when air phones were in the back of the seat, those cost a lot of money. these can be $3 to $9 a minute. >> ooh. >> there you go. that's why you don't see it widespread but they are pushing for it. some of the airlines have it. >> how safe is it? does it prove it's safe to use your phone on takeoff? >> it's different technology. it's a little tiny cell tower in the plane and your phone is

communicating with that little cell tower inside the plane. it's not reaching down. that's what has the f.a.a. and f.c.c. -- they are still investigating that. i talked to the f.a.a. administrator about whether we'll see a relaxation. everybody wants to use the phone. they are looking at it, studying it. >> yes, we do. >> everybody's holding meetings. they know customers want it. it will be a while. >> another time we'll talk about what to do with a super loud talker in air when he won't stop talking on the cell phone. the new problem. air rage. thank you for the report. on a more serious note, much more serious. a warning for drivers on mississippi highways. there is a killer who may be posing as a cop pulling drivers over, then shooting them to death. authorities say it happened twice last week. they are telling drivers in the area to be alert. next time they see flashing lights in the rear-view mirror.

>> mississippi officials don't want people to paic but they want to alert people. two deaths occurred last week on an isolated stretch of highway. the first was a 74-year-old nebraska man on i-55 around 1:30 in the morning. his body was found inside his pickup truck. he was shot and killed. the next event occurred three days later. a 48-year-old woman, 55 miles away. she, too, shot and killed. found just outside of her vehicle. in both cases the vehicles pulled to the side of the road. that's what's key in the minds of investigators. in both cases the automobiles seemed to be fine. why would a person pull over in the middle of the night? they theorize there could be somebody out there impersonating a police officer. it could mean fatal consequences. authorities have no suspects they are identifying. won't say if robbery was the motive. shell casings link the shootings. they are warning people if

you're driving and there are flashing lights behind you in mississippi, call the police. turn on your flashers and drive at a safe speed to a well populated place before getting out of your vehicle. jessica? >> thanks, martin. very upsetting. joining me for the latest on the investigation in mississippi, mississippi highway patrol spokesman warren strain. an upsetting story. both victims were found late at night on the side of the highway with their wallets missing. noteworthy similarities. are investigators closer to determining whether this is the same killer? >> at this point a motive is yet to be determined. we are not saying that any personal effects were missing from laurie ann carswell, the victim from the friday morning shooting. there are similarities, particularly that they were on the shoulder of the road in

remote jars of the state. >> there are reports that the perpetrator may be impersonating law enforcement. what advice are you giving people? should they pull over or keep driving s driving? >> that's one of plausible theories. out of abundance of caution and concern for public safety we put out the statement yesterday that individuals who believe they are being pulled over, if it's not apparent or obvious it is a law enforcement officer to call 911. the dispatcher can alert the officer that this individual is not trying to flee. often times in remote areas there may not be a lighted area where people are around. the best thing to do is call 911 and get in contact with the emergency dispatcher. >> better safe than sorry. warren strain, thanks for being

with us. >> thank you. >> we'll stay on top of the story. it is no secret that candidates will do just about anything to get their message out. tv ads, robo calls, e-mails, flyers, yard signs. for the first time political ads are popping up online in places they will be tough to ignore and they are aimed directly at you. here's dana bash. >> reporter: want to watch funny moments on youtube? first duracell wants to sell you batteries. how about cool snowboarding? wait. chevy wants you to check out a new car. now the political world is catching up to corporate america in online advertising. the chamber of commerce is using new technology to help seven house republican candidates in new york state. the technology allows them to target voters by finding their computers in specific zip codes like here on long island, 11954. voters click on youtube and see

an ad against tim bishop. >> where was congressman bishop when they wanted to push bills higher? >> voters in central new york will see a different ad, one that promotes its republican congressman anne marie buerkel. >> the technology became available in march. this is the first time it's done in public policy. >> we believe this is the first time it's being done in an aggressive, sophisticated manner. >> reporter: scott reed, now with the chamber of commerce, says the ads will pop up on new yorkers' youtube pages for a trial run. youtube users can opt not to watch the ad. those who do watcher will be watched themselves. youtube will gather estimated age, gender and interests. it tests the ad's messages. >> we are able to go in and look at how long people are on the ads, if they like the ad and stay to the end. if they stay on for a positive

ad or a contrast ad. >> reporter: dan mafey is a democrat challenging a republican the chamber is posting ads for. he argues the new political ads won't help what he calls a flawed message. >> you have to talk to voters. they know what they are interested in. they can see through things like this because they know anne marie's record is one of trying to end medicare and raise taxes on working families. >> the online advertising costs 10 to 15 cents purview. a nielsen study from google found the more users see advertising the more likely the message sticks. political consultants hope they find the same success in online advertising that the corporate world has. >> it is the future and it's here now. >> thanks. coming up, an unusual mitt romney endorsement as the elevator doors closed. i needed a coach.

our doctor was great, but with so many tough decisions i felt lost. unitedhealthcare offered us a specially trained rn who helped us weigh and understand all our options. for me cancer was as scary as a fastball is to some of these kids. but my coach had hit that pitch before. turning data into useful answers. we're 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪

born to leap, born to stalk, and born to pounce. to understand why, we journeyed to africa, where their wild ancestor was born. there we discovered that cats, no matter where they are... are born to be cats. and shouldn't your cat be who he was born to be? discover your cat's true nature. purina one.

mitt romney took his economic pitch to middle america today saying a prairie fire of debt is sweeping across the nation and he is the right guy to put it out. >> i will lead us out of this debt and spending inferno. we will stop borrowing unfathomable amounts of money we can't imagine from foreign countries we never will visit. i will work with you to make

sure we put out this spending and borrowing fire. >> joining us to talk about the political impact of the ballooning national debt are time magazine deputy bureau chief michael crowley, cornell belcher and republican strategist rob johnson. thanks for being with us. first of all, romney hit the president also on the stimulus. he called it, quote, the biggest, most careless one-time expenditure from the federal government in history. before we get to that i want to point out that joe stiglitz, a prize winning economist, said the stimulus wasn't big enough. he said, we will see in the next two year it is real cost of there not being a second round of stimulus. we will see the economy slow down at a very high economic cost. rob, as a republican will you acknowledge at least there is a debate to be had about whether or not government spending is wise? >> no. i will not. i will admit there is a debate going on, but i don't think we should be having this debay.

i agree with governor romney. he did a great job laying out the plan and the problems we have. >> is this an issue that democrats can win on or do they have to just agree the spending is too much and has to be spent down? >> well, first of all, let's put this in context. most of the debt occurred under george bush's watch. two unpaid-for wars. policies that put us in economic collapse that further grew into this debt. the spending thing is interesting because frankly now you see two parties in two different areas. republicans say let's not do anything to stimulate the economy and the president took bold leadership to stimulate the economy. since taking action our economy has grown 26 straight months of job growth here. when you look at what the problem they are having overseas because they are going -- >> europe is suffering austerity. >> a recession. >> i want to play something bill

clinton said today, his advice to president obama. talk more about proposed budget cuts. >> president, i think, should talk more about the medicare savings he has proposed. and the defense cuts he has proposed and the fact that he proposes -- and i disagree with this, by the way. he proposes to take discretionary nondefense spending to the lowest percentage of gdp since president eisenhower was in office. he at least is trying to honor the deal he made with the republicans. i think he should talk more about it. >> he's talking about the budget deal. do you think this could be a winning issue for democrats somehow -- the debt deal? >> i don't think democrats will win on spending cuts but bill clinton has been there and done that. he was the guy that got up and declared the era of big government is over. he did an effective job of trying to convey the democratic party turned a new leaf and was

moving away from spending. when it comes to the question of people wanting budget cuts obama is not going to win the fight. the better fight for him is on taxes. the thing romney didn't talk about today was increased revenue. his speech was all about cutting spending. the implication being we can cut our way out of the debt crisis. you will fill a phone booth with economists who believe that is a way out of the situation. obama says raise taxes, particularly on the wealthy. republicans don't want that. i think that's the winning issue for obama. >> taxes. >> that's how he responds to romney on a speech like that. >> here's an issue i know you will want to talk about. today the gallup poll came out. there are all sorts of numbers. mitt romney's favorability has jumped up. 50% favorable to 41% unfavorable. it's almost right in line with the president's 52% favorable to

46% unfavorable. a big change from a monther or ago. what do you think accounts for the jump in likeability with romney? >> several things. the republican party is coalescing around mitt romney. it is obvious he will be our nominee. also he has a bold strong plan for the economy. americans care about the economy. the poll talked about the economy -- the importance of the economy and that they trust mitt romney more than barack obama on the economy. i think that has a lot to do with his favorability. it's more important to see how the presidents stayed the same. >> should this worry the president? >> no. the polls are all over the place. i would be surprised if mitt romney's numbers didn't bounce up. republicans should galvanize around him. if not, it would be a problem. this is the part where we define who mitt romney is. >> as the president's negative ads -- >> also interesting that the less mitt romney has been out

there, the more his favorables go up. >> he's been out a lot this week. that's not quite fair. >> there is truth there, jessica. for romney, the more we talk unemployment the better he does. the more he talks spontaneously, the manmade a lot of gaffes. he should let the economy and unemployment rate do the job for him. >> when he was under attack he was less likable. >> that was a part of it. >> he's doing most of the attacking. >> we have to wrap. we'll have another conversation, another time. there will be plenty more. erin burnett "out front" is coming up. you attended a fiscal summit in washington and spoke with john boehner. what did you learn? >> it was interesting. bill clinton talked, giving a ringing endorsement for simpson bowles saying he thinks he could get democrats to vote for it. speaker boehner made headlines trying to say, if he's raising the debt ceiling this year he's

going to make it be one for one. every dollar of a debt ceiling increase they need spending cuts or other reforms he says will not include obvious tax increases. i pushed him on whether that was partisanship. here's what he said. laying it out that you have to have cuts and reforms that are equal to or greater to the debt increase. chris van holland said that's a line in the sand. >> it is. because washington has kicked the can down the road, kicked the can down the road, kicked the can down the road. the american people think we're crazy. they are ready for to take action. i'm here. i'm ready to do it. let's go. >> tonight we have two members of the gang of six. and i have to say i think it will be a very uplifting interview. we'll also push back a little bit more on speaker boehner and you'll hear what he had to say when i asked him why paul ryan's budget comes with $5.2 trillion in a debt ceiling increase, why

is that okay and this debt ceiling increase is not. so that's coming up top of the hour. >> all right. that's interesting. thanks, erin. and we're tracking new developments in the trayvon martin case. his admitted killer had a broken nose and cuts the night after the shooting. that's according to abc news. he had those cuts. what this means for george zimmerman who has always claimed that he shot in self-defense.

on my journey across america, i found new ways to tell people about saving money. this is bobby. say hello bobby. hello bobby. do you know you could save hundreds on car insurance over the phone, online or at your local geico office? tell us bobby, what would you do with all those savings? hire a better ventriloquist. your lips are moving.

geico®. fifteen minutes could save you fifteen percent or more on car insurance. i think we should see other people. in fact, i'm already seeing your best friend, justin. ♪ i would've appreciated a proactive update on the status of our relationship. who do you think i am, tim? quicken loans? at quicken loans, we provide you with proactive updates on the status of your home loan. and our innovative online tools ensure that you're always in the loop. one more way quicken loans is engineered to amaze.

ensure that you're always in the loop. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco.

new developments just in on on the trayvon martin case. abc news is reporting that the man who killed trayvon martin, neighborhood watchman george zimmerman had a broken nose, a pair of black ice and several cuts on the back of his head on the day after the teenager's death. abc news says that's according to a medical report put together by zimmerman's family physician. let's get to jeffrey toobin in new york. thanks for coming back. zimmerman has always claimed that he shot martin in vf defense, so how do these medical reports now support that? >> well, they potentially do because after all, a broken nose is a serious injury. obviously it's not life threatening, but it certainly

suggests that zimmerman was injured and there was a struggle. same thing according r according to the autopsy reports also an abc news report that the knuckles of trayvon martin were damaged suggesting that he threw some punches. again, it doesn't prove that zimmerman was engaged in self-defense, but this is evidence that his lawyers will be able to make use of. >> a lawyer for trayvon martin's parents released a statement, as well, and that says my thoughts are the same as before. our position hasn't changed at all. this information has already been out there before, we're ready to respond if need be. so does the prosecution need to change its indicate at all or can they just argue that these injuries came because trayvon martin was trying to defend himself? >> the key issue here is not resolved. the key issue is who was the aggressor between martin and zimmerman. that is the heart of this case and that frankly at least based

on any evidence i've seen remains a mystery and that will be the central issue when this case goes to trial. but the fact that zimmerman had a genuine injury, a broken nose, is certainly something that he is going to be able to point to and say, look, i was the victim of an attack. does it prove it, does it mean he'll be acquitted, no, buts it is certainly a favorable piece of evidence for the defense in this case. >> a little more evidence for the defense. jeff toobin, thanks for your insight as always. and here is kate bolduan how with more of the latest news you need to know. >> a lot of news this evening. let's catch you up on other headlines. france's new president was sworn in today. socialist francois hollande beat sarkozy in a bitterly fought election. economists worry about how well hollande will handle the debt crisis in europe. and dominique strauss-kahn filed a $1 million lawsuit today against the new york city maid who accused him of sexually

assaulting her last year. in court paper, he claims the maid's accusations were made learn issues malicious. and the criminal case against the former head of the international monetary fund was dismissed, but he still faces a civil suit. and flames have consumed more than 9,000 acres of forest and grass land across arizona a. look at some of the photos that we're bringing in for you. forecasters say winds could threaten even more damage where crews are battling four wildfires. it's forced hundreds of residents into evacuations. and a hip replacement isn't stopping this 93-year-old. she marched with gandhi twice, and now just landed a guinness world record for the world's oldest yoga instructor. she's been teaching for 61 years and says she won't stop until she can't breathe any longer.

she also does competitive dancing. her partner 69 years her junior. hope i can keep up with her, but i know i cannot. >> i'm impressed. okay. we're moving right on because this is impressive, too. tonight's moment you may have missed. or maybe we should put it in the form of a question. what is tonight's moment you may have missed? cnn's own aviation and regulation correspondent lizy o'leary showed off her jeopardy skills as part of the show's power player. and she faced tough competition. she went head to head with president obama's former press secretary robert gibbs and m isn't in,s nbc's chris matthews. >> the full name of the u2 pilot shot down in 1960. >> who was gary powers. >> we need the full name. >> who is gary powers. >> no. >> who is francis gary powers. >> that's it.

yes. she selects. >> she came in second after getting stumped in final jeopardy. that is so impressive to me. could you ever do that? >> i think i've been trying to track her down to talk to her about it. it's not only do you know these answers, it's do you know the answers on command -- >> she said buzzer was an issue. >> that is the hardest thing. >> she said she practiced on a ball point pen and if you press too soon, you get locked out. >> a nightmare, stressful. i'll stick to the television we do. >> exactly. and that's all from us tonight. erin burnett "outfront" starts right now. "outfront" next -- >> i'm here. i'm ready to do it. let's go. >> in washington tonight, deal or no deal? president obama called the ft