president obama called the first female president, sorry, could have fooled me. a young student being attacked by a flesh-eating bacteria and tonight her parents come "outfront." outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching me, all of us are hurtling full bore into a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. if we hit this cliff, fellow lemmings, we'll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury

secretary timothy geithner, house budget committee chair paul ryan, house speaker john boehner, alan simpson from simpson-bowles and what i heard from all of them is a bipartisan call for action and alarm. >> the next few years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. >> and interest rates will go up so fast you won't be able to catch your breath. >> how much? how much are they going up? wall street investors, the most bearish, say americans could relive the late '70s, early '80s. one investor told me he's making big bets in the treasury market, 17% for a mortgage. that may be incredibly dire, but it's happened before. debt on debt on debt means interest on interest on interest. so we did the numbers. current projections from the cbo say the u.s. will spend, prepare yourself for this one, $624 billion in interest in ten years. we will spend more on interest than on medicaid in six. this is absolutely not okay.

i interviewed speaker boehner and asked him whether armageddon is avoidable. >> we all know social security, medicare, medicaid, they're all bankrupt. it's not like there's money in the social security trust fund or the medicare trust fund. it's all been spent. >> still, the speaker told me that to approve the debt ceiling increase this year, he's going to demand spending cuts and reforms dollar for dollar. >> debt ceiling going to go up? >> i think i've made it pretty clear right here. allowing the debt ceiling to go up without addressing our fiscal challenge would be the most irresponsible thing that i could do. >> okay. the reality is this. the debt ceiling must and it will go up, but is there a solution that isn't just talking politics and for getting anything done? yes. >> i've read every word of the simpson-bowles report. i think you could put together

sufficient democratic votes to enact a simple variation of simpson-bowles or even to do more. >> yes, virginia, there is a santa claus solution to the debt crisis, it's call simpson-bowles. it would cut taxes to three brackets, 12%, 22%, 28%. tax cuts for all. there are places where we'll all pay more. and there will be cuts to mortgage rate reductions. but it's better than that cliff. sometimes i wonder if the democracy our country is so proud of, the democracy that happens here in this building, where i'm standing tonight, isn't actually what's putting the wind behind the lemmings tales. is democracy going to be what sends us over the cliff? >> we're in our 223rd year of our experiment in democracy in representative government. it's not worked well if you go back to the days of the greeks or romans. there's some point at which they had problems.

>> the view from america's cliff look like a little thrill. if we fail, all the opportunities, liberties and luxuries of being american are at risk of becoming history. sort of like the greeks and romans. so let's do a deal. playing for the democrats tonight, mark warner. democrat from virginia. and tom coburn, good to see you both. and i know you've both been on the show a lot talking about ideas and compromise, gang of six. and here you are tonight. so let's see what we can do. you're in the middle of conversations, right? senator coburn? >> that's correct. >> and how close are you to something that could be significant in your group? >> i think we're close, but the point is to get the politics out of it, presidential politics out of it and actually work on the real problems. and that still has some influence as we work because there's political jockeying for what's going to happen in november and what we need to do is throw all that out and start thinking about the best long term position for the country.

>> both of you have been doing that and it seems like you've accepted a lot of cuts, he's accepted tax increases, revenue increases. this is a deal. >> we found a plan to get us between $4 trillion and $5 trillion over the next ten years over our debt. it wouldn't be exactly what tom wanted or exactly what i wanted, but at the end of the day, the alternative, go back to the lemmings, we're going over the cliff. there should be no elected official that will have any excuse come the end of this year to say they didn't see it coming. so we have to get out of our foxholes. i think there is a majority in the senate and even a majority in the house. we have to make it safe for folks to do the right thing and as tom has said, that means you'll probably make some folks mad along the way, but at the end of the day, the value add not just to our economy but the overall confidence in our institutions would be enormous. >> and do you think that the american people now are ready to hear there will be cuts to medicare? >> well, i think that's one failure of the president.

here's the problem and define it accurately and say there's all sorts of solutions. what we ought to do is make the process work. the reason i voted for bowles-simpson is i wanted to get it on the floor of the senate so the senate could do its work. and then have everybody vote and defend their votes on what they think is the best solution to it. but ultimately we can come to an agreement on the senate floor. so bowles-simpson is a wonderful start, it's not everything i'd want, not everything mark would want, but we have a chance to amend that and come up with what the senate, have the house do the same thing and put it in conference and let's send a signal to the world that we'll fix our problems. it will change our economy tomorrow if we did that in terms of growth. >> the confidence and debt rating. we'll get to 365 days soon. since we lost that rating. >> remember, we have american business sitting on $2.5 trillion in cash on their balance sheets. giving them the predictability

that we have a rationalized tax code, that we'll meet our obligations and a tax code that's simpler as well as entitlement programs that can be sustainable, i think that's a job generator as much as any single program that either of the presidential candidates have. >> do you think the conversation would be different if the president that come out early and endorsed simpson-bowles? >> i think the president should have done more to explain the problem. he did come out and endorse our gang of six plan. i think that maybe cost us some votes. i think there are some folks particularly in the house if the president endorses anything, it will be immediately assigned why they can't be for it. i think it falls to a group of bipartisan senators willing to take the first set of arrows from both sides and both of us have, to lay out a plan and i hope and i think the president will be supportive of that. >> and this issue of democracy, which i brought up with speaker boehner today, that we've got a payroll tax cut that is

important to people, but once people have these things, it becomes hard to take them away. >> that's why i'm not against it, it's not paid for. >> me too. >> so you're on the same page as that as well. i want to play a sound bite about what president clinton said about the bush tax cuts as an example. >> you could tax me at 100% and you wouldn't balance the budget. we have to contribute to this. if middle class wages were going up, i don't think they would object to going back to the tax rates that i obtained when i was president. >> are we eventually going to have the tax rates go away? because we have all looked at the numbers. if they go away for everybody, it's $2.8 trillion. that's more than half -- >> no one's talking about putting them all back in, but i agree with president clinton. beyond 2 x of poverty, everybody will have to have skin in the game.

and even if it's a diminimous amount, because this a national crisis. admiral mullen said this is a greater threat than terrorism. >> how do you stimulate the economy and have a fair tax system. we passed the bush tax codes and didn't cut spending to pay for it. so we widened our deficit. it's easy to pass a tax cut, it's hard to pass a tax cut that you pay for. so, you know, one of -- >> a lot of people in your party tend to believe that a tax cut just pays for itself. >> and sometimes it does. but the key is how do you create long term certainty and confidence so that the money that mark talked about sitting on the side actually gets invested and we create wealth. >> if you create jobs without creating wealth, you haven't done anything for the economy, so you have to do it. and my worry even though i'm for let's have the free for all, let's have the debate, if you tax the people who are the job creators, you've actually hurt

our growth and you've hurt the rise in tax revenues that would come to the government. what we know in the reagan years is when take you away a lot of the deductions and special people that people have lobbied for and you flatten and broaden the base, what you have is significant increased economic growth. 4.6% over 70 months. unbelievable. >> you can actually have both because disproportionately, folks at the top end where i'm at take more advantage of the tax breaks than others. so you can have a simpler code, you can have the predictability and you can maintain the progressivity to make sure we chip in to make sure the next gener generation doesn't for it all. >> thank to both of you. i'll switch the shakespeare line.

first thing we do, let's kill all the lawyers. how about we kill all the lobbyists. >> members of congress are the problem. >> and the business community needs to step up and say this has to get fixed. we all have to have some skin in the game. >> thanks to both. >> you bet. >> a president obama the first female president? a new twist in the controversial pardons including haley barbour. tonight a man freed is facing new charges. and the fbi getting involved in the massive losses at jpmorgan. , while it built up in my system. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these, stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel problems, tell your doctor if you have new or worse symptoms.

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our second story out front, president obama up nine points over mitt romney among women voters. this is according to the latest gallup poll. and last night we were talking about the cbs/new york times poll which showed romney up by three points among women, which was within the margin of error, but still surprised the people on the panel. and it is right now nine points in the president's favor according to gallup. but does that mean he's the first female president? you say what are you crazy? i'm not is one who said this. this is what an op-ed in the post said. as he launched a new appeal to the coveted women's voters. referring to his commencement speech -- monday's activities

veered into papdzerring as obama bray zenly flaunted his feminine misteeblg. obama also appeared on "the view" today where he talked about getting teased by the first lady and coaching his daughter's basketball team. >> we're celebrating 40 years of title ix. and it shows when girls are given the opportunity and they're competing and working as a team, it makes them stronger, makes them more confident. it's one of the great things that's happened during the course of my lifetime is women's sports becoming just as important, just as powerful. >> cnn's chief political analyst gloria borger is with me, and also bill burton is here. reihan salam is here in new york. they are on the political strike team which we debut tonight, 20 of the best independent political thinkers in the business. we'll got their perspectives all the way through the election. we're talking about the strategy

on attracting women and we asked and it was nearly unanimous, almost every single one of the 20 and maybe the people downstairs cheering behind me that you can probably hear, they are women after all cheering for the president. i have to say, something about this, though, as i was watching on video, i'm like maybe the president needs to spend time with some men. i see him with six women on "the view," i see him -- >> but you say that as a joke, but it's actually true. because here's the problem for president obama and i don't know, bill, you may disagree with me, but he has to widen that gender gap and make it a gulch because he doesn't do as well as mitt romney does with men. so if he's losing men which he is, he has to win women by a wide margin. now, historically, democrats do generally win women, but he's not leaving anything up to chance. so he's at "the view," i'm sure there will be pieces of legislation on capitol hill that democrats will roll out that are pro women, they've had the lilly ledbetter act. to be fair,

pay equity is very important. but i think he's got to make that gap even larger. >> headlines like the first female president might help. even though i chuckle at it. is this a full bore strategy going after the women? >> i do agree in the sense that there is no way for the president to win if he doesn't have a good advantage with women voters. and it's not just lilly ledbetter. look at the choice on the supreme court. mitt romney says he would put an anton scalia on the supreme court. a huge difference on contraception. mitt romney came out to the right of rick santorum on contraception. so i think issue by issue, the president will have a real case to make against mitt romney. >> the president did also say -- i mean, mitt romney said in a debate that he wouldn't touch the contraception rules. the new hampshire. >> he did. but that won't stop them from talking about it. call it out like it is. >> like it is is that mitt

romney has had a lot of different positions and he needs to be held accountable if what he said during this campaign and where he is on women's issues, be contraception or choice, and further to the right than the most far to the right republicans in the race. >> can we talk about the spouses being the character witnesses for the candidates? >> first i kept hearing this what, what, in my ear? and i thought there was something wrong. no reihan, it's you. >> so sorry. well, there's always something wrong with me as you know and one of the things is my deep hunger for the truth. and i've got to say the idea that mitt romney was to the right of rick santorum on contraception certainly strikes me as a curious position. but one thing i'll also say with regard to what gloria has said is that barack obama won women by 13 percentage points in 2008. that's a pretty big margin that contributed to his big margin in that election. and if in the gallup poll he's leading by nine points, that suggests a tremendous amount of erosion. among female voters. and if it's anything like the

"new york times"/cbs poll in which romney was actually ahead among among, and there's a lot of criticisms about that poll but if it's anywhere close to that, that's really rough news for the president. so i encourage the president really do everything you possibly can on this front because that's the way you'll make this a fair fight. >> just on the facts in terms of mitt romney and how far to the right he got, during the debate on contraception, mitt romney said not only was he not for what the president did on contraception with health care reform, but he said he was against title x, which is federal funding for family planning. which is something that's so bipartisan, that george h.w. bush when he was in congress co-sponsored it and president nixon signed it into law. there was a huge contrast on -- >> was santorum for that provision? >> no. >> so the distinction you draw is problematic, right? >> no, the distinction is that mitt romney is further to the right -- >> given that they have the same position on title -- >> romney is to the right of santorum.

>> here's the thing. it's in your interests to talk about mitt romney as an extremist on the social and cultural issues. because his economic appeal is to independent voters. independent voters don't like extreme social issues, so you have to portray him as extreme. on the contraception. >> one other topic. bill clinton, we were talking about the terrible discourse here in washington and he talked about when he lost to republican bob inglis as part of the far shift to the right, here's what bill clinton said. >> this guy was on the judiciary committee that impeached me and it wasn't enough for him. he's a very good guy, by the way. >> i mean, come on. if you can forgive and forget that, we can get stuff done here. >> >> for give and forget. is the candidates in washington -- forgive and forget. >> makes you really miss bill clinton.

>> all right. thanks to all three of you. appreciate it. just one of those moments. he can laugh at himself. >> yeah. all right. our third story outfront. controversial pardon by haley barbour, obviously you know the back story to this, about an wow -- but one has gotten more controversial. because one of the inmates that the governor pardoned in january is being charged with driving under the influence, accused of leaving the scene of an accident after killing 18-year-old charity smith while driving drunk last october. harry bostick was among those pardoned by haley barbour earlier this year. the retired irs agent had three dui convictions when the governor decided to give him a second chance at the recommendation of the parole board. ed lavendera is covering the story outfront for us tonight. it's hard to put in any other words, just a terrible tragedy. what is the reaction now? >> this is one of the stories

the more you uncovered, the more fl fl flabergasting it got. it didn't get quite as much attention as the four murderers that were pardoned who worked at the governor's mansion and were pardoned. but when you peel away the layers, it's very troubling. a former irs investigator, had influential friends in the town of oxford, mississippi. these are former u.s. attorneys who in the process of applying for this pardon wrote glowing letters on bostic's behalf. pleading for his pardon of his third dui conviction. he was in the middle of serving a sentence on. he wasn't in prison, but serving in a drug and alcohol program. his friends wrote he had kicked his habit, he had overcome his problems and he wasn't drinking anymore. all of this was kind of packaged up. the parole board in mississippi voted in the 3-2 vote to recommend him for a pardon.

all put in a package, sent off to the governor's office and then a week later, he's involved in an accident suspected of driving drunk again that ends in the death of this 18-year-old girl, charity smith. he's actually sitting in jail for almost three months when the governor decides to pull the trigger and give harry bostick this pardon. the governor at the time said he had no idea that this accident had happened. we've uncovered e-mails that suggest otherwise that the governor's office was told that he had been in this accident, that he was still drinking and still the pardon went through. >> a terrible story. interesting that you've gotten e-mail evidence that perhaps what the governor said he knew is not what he really knew. what happens from here in terms of the governor i'm not saying culpability in this, but what's going to happen to him and also what kind of punishment does mr. bostick face now? >> well, what happens how is that harry bostick has just been indicted by a grand jury in mississippi.

he faces three charges. a dui drinking charge, but also more seriously a dui death charge in connection with the death of charity smith. he faces at least 30 years in prison. but remember that third dui charge, a felony, was wiped from his record. so this fourth dui arrest becomes his third and that could affect what kind of punishment he faces in the future. but the trial is still several months away. >> ed lavendera, thank you very much. clearly, some more questions for governor haley barbour. ahead, in our second half, breaking details about george zimmerman's injuries. we now have information about what state he was in on the night he was shot. and this is something you definitely need to know if you're following this case. and the fbi now involved in the jpmorgan case. that's next. look at the car! my dad's gonna kill me dude...

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we start the second half of our show with stories we care about where we focus on our own reporting from the front lines. and the debt ceiling on the table again right here in washington where i'm standing. it will be raised this year. we hope. house speaker john boehner told me he won't do it unless every single dollar is matched by spending cuts or reforms which

don't include higher tax rates, but he told me would mean some pay a higher tax bill thanks to closing loopholes. it doesn't seem that this rule though, of a cut -- a dollar in cuts or reforms for every dollar of increase applies to the republican budget which the cbo says would require a $5.2 trillion increase in the debt ceiling over the next decade. one more thing on the deck ceiling. i have to ask it because chris van hollen was talking about the paul ryan budget which obviously you supported. according to the cbo, that would require a $5.2 trillion increase in the debt ceiling over the next ten years. just as it was. >> yeah. >> so you -- you'd be okay -- the big bad house republican budget would just gut everything under the sun according to my friends across the aisle would still require a $5 trillion increase in the debt ceiling over the next ten years. why? because of the great big demographic bubble baby boomers like me that are going to retire

and continue retiring for the next 20, 25 years. it's a big challenge. >> so it's not every increase in the debt ceiling that has to be matched one for one? it's one you're trying to make to force reform? >> i don't know how long i'll be around here, but that was the line in the sand last year. it's the line in the sand this year. and guess what. as long as i'm around here, i believe that line in the sand will be there. so what if you could prevent alzheimer's? a drug is being test that had could prevent the horrible memory stealing disease. it would target people who have genetically pre-destined to get the disease. scientists know that plaque in the brain is associated with alzheimer's and the new drug is designed to attack the formation of the plaque. it will take a couple years of testing, but it affects more than 5 million people at a cost of over $200 billion a year. there's a lot to talk about

in the facebook world today. the company increased the price at which it will sell shares on friday. it's now $34 to $38 a share. the range was $28 to $35. so that's a big increase and that does put the value of the company at more than $100 billion. they also learned that general motors will no longer spend money on advertising on facebook according to the "wall street journal." gm was spending $10 million in ads and we learned that facebook has bought light box. they say facebook is acquiring the company but developers will join the facebook team. the gm news is important because if you're buying facebook, you're buying an advertising company. make no mistake about it. it's been 285 days since the u.s. lost its top credit rating. what are we doing to get it back? new data shows inflation is not going anywhere. declining energy prices actually really helped out offsetting gains in other areas. our fourth story. breaking news tonight in the case against florida neighborhood watchman george zimmerman. according to a medical report

obtained by abc news, zimmerman was treated by a family dock for for a broken nose, swollen face and cuts on the head the day after he shot and killed trayvon martin. the new details could bolster zimmerman's defense which is that he killed an unarmed trayvon martin during a struggle because he feared for his life. prosecutors say he profiled trayvon martin racially and have charged him with second-degree murder. paul callan is a defensive attorney and mark nejame is a legal contributor. good to see both of you. paul, we've heard about some of the injuries. hearing all these in a row is more detail all at once than we've had and it's also saying that he sought this treatment the day after it happened. how significant is this? >> it's quite significant and the new thing here is we've heard talk about these injuries from family members of mr. zimmerman, but now there are medical reports sustaining and proving the existence. and the most important one being

i think, erin, the existence of the broken nose which the defense would say suggests a frontal assault by trayvon martin on george zimmerman. and would support the self-defense claim. >> and mark, do you agree with that? because obviously george zimmerman did not actually seek hospitalization. is that something that would work against him in this case or no? >> no, i agree with that opinion. i think very simply we heard this all come out during the bond hearing actually. but now we have corroboration of the fact that there seem to be genuine and significant injuries to zimmerman. what does it mean? it means that there's a greater chance than not that there was some measure of mutual combat going on and we also know the shooting was at close range. gunshot powder and stepling. so it does seem like there was mutual combat going on from the

limited amount we have right now. >> paul, i'm curious, though, all of this being said, doesn't it still really matter who started it, that if there's some way to prove that george zimmerman started the entire altercation, that it wouldn't matter whether he was freeing for his life because he started it? >> well, yes. it's called the initial aggressor doctrine. if you start a fight and you provoke the fight, then you can't use self-defense. but this evidence would seem to suggest that if there was a physical altercation, zimmerman was on the receiving end, not the giving end. and i just wanted to add one more thing. there are other reports that the autopsy in the case of trayvon martin show lacerations on his fists and a gunshot wound to the chest. now, if that proves to be true, that would suggest obviously that the fists were used to strike zimmerman. so we only have part of the evidence here and i don't want to jump to any conclusions prematurely, but i think the defense probably had a good day in terms of structuring their case. >> mark, i know you've been doing some investigating about

the prosecutor's office. and specifically why the special prosecutor was assigned. can you tell us anything about that selection? >> i'm still puzzled by it and we've been working on it and i've been talking to everybody who will talk back to me. to this day, it has not come out as to what conflict of evidence -- as to what conflict of interest the state attorney for seminole county had. nobody in law enforcement, nobody on the street, no lawyers, nobody has been able to state that. and then we find mysteriously that all of a sudden this is assigned by apparently the attorney general and the governor to the special prosecutor. highly unusual. we don't know of any conflict of interest. we know now the chief never met with the state attorney until after the indictment came in. so why the case be removed from an experienced prosecutor and when he was going to take to the grand jury and then charges are brought. there should not be meddling from the executive office with these type of matters. don't know if there was, but we need to find out if there was. >> paul, mark, thank you.

next t fbi. that is the latest now involved in could be up to $4 billion of losses in jp morgan. why the fbi? well, the doctors are also trying to stop a flesh-eating bacteria that has been attacking a college student. her dad comes outfront as she fights. toucan sam. that's not cheese. grass fed. curry. gingersnaps. soup can tower. 5% cash back. right now, get 5% cash back at grocery stores. it pays to discover. how did the nba become the hottest league on the planet?

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now the fbi is involved looking in to potential wrong doing at jpmorgan and there's reports of the department of justice has launched an investigation. of course, there's one going on at the s.e.c. jamie dimon faced shareholders at the annual meeting and it was as you might imagine confrontational at times. and here's what one person had to say. >> shareholders lost over $50 billion in market cap since february of last year. the stakes are simply too high to continue business as usual when an all powerful ceo is his own boss. >> well, dimon got to keep his chairman title and a pay package that netted him $23 million. john avlon is with us. he's from "newsweek" daily

beast. paul callan is also back with us. it seems like this is a moment where the ceo could say, you know what, i'm not going to take it. it's unclear if a lot of people voted today, but do you think that that was a possible big mistake he's made as he try toss climb out of this hole and rebuild the reputation for the company? >> well, he obviously didn't feel the pressure to do that. and didn't feel that that gesture would be necessary to either publicly or privately reassure markets or shareholders in the strength of his leadership. but he's building off a strong base. but he had one of the strongest reputations in the banking business. nationally really. so the real problem for jpmorgan chase and jamie dimon here is that the credibility they have taken into arguments going forward has been fundamentally compromised by this multibillion dollar loss. but clearly he did not feel he had to make confessions to that

today at the shareholders meeting. >> and poppy harlow reported it was sort of a 9 to 1 margin in favor of the pay package. so it seems like the shareholders were behind mr. dimon. but can you explain, paul, why the heck the fbi is involved? >> i'll tell you something, i bring a lot of skepticism to these reports. by the way, all of the wire services, all of the major newspapers, networks are all reporting this, but they're using the wording that they're looking into this. and when i last checked, it's not a crime to lose money. if you're a bank in america. so i don't know what crime they're investigating. they may be investigating some obscure reporting requirement, but until we hear there's an open grand jury, i bring a lot of skepticism to the idea that there is a criminal probe going on. >> is it a case of now you have the department of justice, sec, everybody has to look at it? >> that's a different matter. the s.e.c. and the department of

justice have civil arranges as well, where they may be looking to see if shareholders were defrauded or lost their money in an improper way. that's very, very different, though, from a criminal probe. a civil suit would not surprise me. as a matter of fact i think some have been filed already. shareholder derivative suits they're called in which chase -- jp morgan will be sued, jpmorgan will be sued, i'm sorry, for alleged negligence. >> so paul, how much could jpmorgan be on the hook for? do you have any sense? i'm not talking just fbi, but overall with all the investigations going. >> we know the initial reports were of a $2 billion loss. it's hard to say what the final number might be because if the market goes back up and shareholders in fact i think the market did go up in jpmorgan's stock today. so calculating the actual damages is not easy. it certainly probably will be less than the $2 billion figure if shareholders were to prevail in a lawsuit and i don't think it's clear that they could win such a lawsuit. >> john avlon, how much further does there go?

are we at the tip of the iceberg or at the end of the row on this one? >> i do think there's a certain news cycle pile on effect. i agree with paul, if you look at the fbi inquiry, which is catching fire, it's unnamed sources talking about a preliminary review in its infancy. but pull back big picture the question about these potential congressional hearings and what the results could be on that. could this example be more evidence that makes people say, you know what, we need to get the volcker rule in place. it should have been in place. whether or not it would have affected the trade, could it remind people there are still problems out there, there's credit swaps out there and there is more argument for implementing the volcker rule now. >> we'll keep following it and see if it turns in to anything or not. next, a college student was attacked by flesh eating bacteria. her parents "outfront" next. dave, where are we on the new laptop?

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near the little talla-poosa river. copeland took her turn on the homemade zip line and it snapped. she was left with a gash on her leg. went to the hospital. 22 staples to close it. she thought things were okay, but but a few days later, she realized she had contracted a flesh eating bacteria necrotizing fascitis. doctors have amputated part of her abdomen and leg and in danger of moving more. aimee's father is with us. andy copeland. thank you so much for taking the time. it's just -- how is she doing today? >> erin, aimee is just amazingly resilient. today she is doing very well. she was in high spirits. you know, again, we continue to talk. we actually talked a lot more about a lot of things. she appears to be remembering day to day different conversations that we had. we referred to conversations we

had yesterday. so her memory is -- short term memory appears to be coming back which is a very encouraging sign. >> does she understand what has happened to her at this point? >> well, she understands she had an accident. she -- and actually, she understands she's been in the hospital now for 11 days here in augusta. but as far as all the specifics, we've steered her away from the experience itself. to me, it probably does no good in her healing process to bring up any bad memories at this point. >> so what are doctors telling you about her chances for recovery? i know it's a miracle that she's come as far as she has. >> you know, it is. it's an absolute miracle. when you actually -- if you wanted to quantify it, i believe the doctors probably would have said she had probably around a 1% chance of survival that night

that she arrived here. that was upgraded believe it or not to a chance of slim to none later on, which probably isn't much of an improvement. but the doctors have been baffled. i understand that one of the doctors went by and looked at her charts and examined the vital signs and says, you know, this doesn't make any sense. but we know it does make sense because we believe in miracles and aimee is our miracle child. >> she's a fighter. i mean, even though she doesn't know what she's fighting, that's her natural way. she's fighting. >> absolutely. it's interesting, i saw a cartoon that was in the ajc yesterday. they had roberto durant, mike tyson and aimee copeland and they said, which is the greatest fighter? i think that's been answered. >> it will be a wonderful thing too when she does understand and have to cope with that, to know that the nation sees her that way. i know that you have been organizing blood drives and are still trying to get more blood.

can you explain exactly why and what it is that you need? >> you know, that's a really good point. in fact, i like to understand a little bit more about what aimee's blood use and has been. i know that when you're looking at major wounds like aimee has, there's a lot of blood. you need to run a lot of plasma. there's red blood cells needed. cryo, platelets to help clot the blood. she's been using the products that have existed in the bank already. so it's interesting. i went -- i guess sunday a week ago. i met with one of her pulmonologists and said, what can i do to help? he said, go out and give blood. i thought i'm one person, and my goal was to get the community mobilized. what's interesting, we have flood drives in augusta,

carrollton, lawrenceville, snellville. my next goal is to try to get columbia, south carolina, involved. i have some connections there. spartanburg, south carolina, as well. we're actually -- we're originally from. so i'd love to see the whole nation join in this. because blood is something that burn victims, wound victims need and hospitals nee it. it should be our civic duty to at least give blood. >> certainly makes us think differently about it. well, sir -- >> absolutely. i'd love to see cnn go out and give some blood too. i'd like to see cnn get mobilized and help the community too. what do you think? >> i think that sounds like a good idea. i know we're a georgia company, so -- look, thank you very much. it's certainly a miracle, a miracle story. by the way, looking at the pictures of your daughter, we were just showing a beautiful young woman she is. jnext the generation doing the most to save america.

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so i spent the day at a fiscal summit and it's hosted by a man named peter peterson. he's a business man, investment banker and former secretary of commerce. he was the cofounder of the

blackstone group. in 2010, he was one of 40 billionaires who signed the giving pledge. they agreed to give half of the wealth to charity. he's also 85 years old. what's amazing today behind the stage, two of his sons were there, his granddaughter were there. they were participating in the entire event. it made me think of all the generations at play. because you keep hearing all the time that the older generation are passing their problems on to the future, right? people alive forget about it, run up the debt, leave it to them later. but at the summit that's not the case. that was the older generation leading the way. alan simpson is 80 years old. he's the simpson of simpson-bowles. he was one of the most passionate and entertaining speakers today. >> how many contractors do you have in the defense department? well, it's quite a range. well, what is it? between a million and 10 million. that is a hell of a range.

obamacare, call it elvis presley care, i don't care care. where do you get your health care? is it free? there will be hair and blood and eyeballs all over the floor. how do you get that, reading the reader's digest, i guess. anyway, that's it. >> even the guy who used to be the youngest guy in the room but isn't so young anymore showed up. bill clinton he gave a great speech. he is 65, but he's spending towards bipartisan solutions. so look, here's the bottom line, it shows americans do care and older people do care a lot. tom brokaw was there, my mentor. they care. they're trying to change the country for the better. let's do a debt deal. tonight, how the mighty have fallen. john edwards' corruption trial. can his daughter save him from a prison sentence? i'll talk with gloria allred. plus a primetime exclusive. jane lynch gets personal. >> i have a really strong life.