you're watching cbs eyewitness news on the cw. >> it will begin to lift the cloud of debt and the cloud of uncertainty that hangs over our economy. problem and congreeningsal leaders announce an historic agreement avoiding the country's first ever financial default. the president says he accepts it but doesn't love it. >> reminds me of two bald men fighting over a comb. the range of emotions from people in the bay area on the fight in washington to reach that deal. good evening, i'm ann knot. investors all over the world are breathing a sigh of relief. global markets are up. japan surging more than 2% after the publicized announcement from president obama. first gain in that market for

three days. jessica stone with the latest. >> reporter: it will avoid a debt crisis but it has to pass congress first. with just two days before the government's deadline for default congressional leaders raised an agreement. >> ensures bewon't face the same type of crisis in six months, eight months or 12 months. >> reporter: closed door meetings between the senate top leaders and the white house. >> there is now a framework to review that will ensure significant cuts in washington spending. >> the american people demanding compromised this week and they got it. >> reporter: raising the debt ceiling by 2.4 trillion to get the government through the ends of 2012 including up to $3 trillion in deficit cuts and the rest to be determined by a bipartisan committee of 12 lawmakers. they would have until

thanksgiving to present congress with a package for an up or down vote. a no vote would trigger serious consequences like harsh across the board cuts. now comes the hard sell as party leaders try to convince their members that this last ditch effort is worth voting for. >> we may not be able to support it. we will wait and see. >> we can do better and we have to do better. what they will put together is not going to change the disastrous physical trajectory we are at. >> reporter: house speaker john boehner is telling members it lives up to the gop principles on taxes and spending hoppings to have it on the floor for a vote as soon as possible. >> no votes are expected until tomorrow to give members more time to review the details. >> just because the deal originated in the senate can it pass in the house? >> reporter: the idea here it is more likely. definitely more here for democrats and the idea in the

house at least is that if those democrats are interested in this bill that even if speaker boehner loses some votes on the tea party side that those house democrats that do support this measure could help get across the the finish line but you can be sure congresswoman nancy pelosi and speaker john boehner is going to be whipping this vote in the morning. >> now that a deal has been reached. what does that mean for us? trashing $3 million over a decade. that's 12 zeros. so lindsey lohan ye asks who would feel the impact of those cuts? >> reporter: child care, social services and education are just some of the programs funded in california with $79 billion in federal grants. it's not known exactly which ones are the target of the spending cuts but the pain will spread out. one program likely to get hit

medicare. an expensive entitlement program serving 45 million elderly. cbs political analyst speaking. >> the fact that president obama mentioned medicare in a statement suggests that either some cuts in the first trillion dollars probably include medicare. >> reporter: during the marathon partisan wrangling democrats argued the government needs money. translation, raise taxes. the republicans insisted that won't happen. but despite all the political fighting there was a comprise. >> i'm sure that part of this will probably include changing some things, changes to the tax law but for the time being it looks like we are looking at cuts. >> reporter: now they are rounding up votes for the package. >> if we are talking long-term on people heading into an election year there will be people that feel the pain. and they will be voting in 2012. >> reporter: if they get

revenge congressional leaders could be the bigges losers. >> thank you very much. here in the bay area people had plenty to say as you might imagine over the wrangling over the debt ceiling debate. most people were fed up with the political theater that surrounded the discussions. >> reporter: even here at this art and wine festival in alameda thoughts from the debt ceiling in washington are not far from their mind. this man showing his antique funeral. he says he can relate. >> i know what a debt ceiling feels like and it is not a comfortable thing. >> reporter: maureen weaver says big cuts have to be part of the deal. >> we need to cut government. if we cut government we would be okay. >> since i'm a federal employee i will like to get sorted out. >> why do you at this it is not getting sorted out? >> reminds me of two bald men fight over a comb. >> reporter: in san francisco,

ramona says she has been frustrated by the weeks of debate. >> i couldn't stand to listen to another debate about it. it is ridiculous. the debt ceiling was raised several times during the reagan administration. it was raised seven times during the bush administration. this has never happened before this questioning and stopping of the fight over the debt ceiling be raised. >> reporter: it has just been political theater to adrian quan. >> voters voted many months ago how much money they were going to spend for this year's budget and the fact they decided they are not going to pay it suddenly just seems ludicrous to me. >> reporter: many folks may feel a sense of relief that a tentative agreement on the debt ceiling has been released but after so many weeks there is speculation the agreement may not be that great. don knapp, cbs. the verdict in the

espionage trial will be decided in a week. today is the second anniversary of the day they were captured. bar's fee own say sara was released last september for humanitarian reasons. they deny the spying charges saying they believe they were hiking near the iranian border not in iran. arraignment tomorrow for the 56-year-old woman who was arrested tuesday. allen trebeck's wife awoke to her stealing valuables. he snapped his achilles tendon and had surgery. thousands of people in marin may have to pay for fire

protection. homeowners may face a new annual fee of up to $150 to help offset rising state costs. it would take effect in january if it is approved by a state board next month. an experiment designed to slow traffic on a busy palo alto street could last for another year. restripeing on the road reduced the number of lanes and added dedicated left turn lanes. city staff wants the trial projection tended another year to see how those features just added will affect traffic. lane reductions are creating gridlock. city council meeting tomorrow. laying up their running shoes for today's san francisco marathon. the loop course started and ended near the ferry building on the embarkadaro. the winner of the marathon sanford grad student, the winner of last year as well.

scavengers going through your garbage cans. >> reporter: they say one man's trash is another man's treasure but in alameda county they don't want any man stealing from the can. >> we hear them at 3 a.m., 4 a.m. going through the garbage. >> reporter: one of many hoping a new proposal for unincorporated alameda county will make it a fineable offense. the cash cow for people who turn in bottles and cans for nickels an dimes. for others it is an annoyance. >> it bothered me. get out and get a job. get on your own two feet. >> they throw the garbage on the sidewalk and in the street. >> reporter: that's the main reason for the proposal

according to one county supervisor. >> hopefully it will be in multiple languages. >> the fines for violation $100 for the first time, $200 the second and $500 for each additional violation. technically it is theft from waste management but some think that's a little harsh. >> you put that out there to be taken by the waste management people. to me it is a whatever. let those people get a job. i'm sorry. >> reporter: this proposal still has a lot of hurdles before it will become law including a citizen's advisory committee and public protection committee before it goes to the full board. in castro valley, cbs5. tide turning for farmer not getting enough water. how it is now that their cup runeth over. >> i feel some days that going

back to school will ruin my life. >> living in the shadow of a student loan in a bad economy. what one woman is doing to get relief for graduates $10,000 in debt. a lot of trash for 20 minutes at a time. a woman on a mission collecting tons of crash keeping it clean for minutes a day. jim bernard in the cbs5 weather center here. mix of low clouds and fog keeping temperatures on the cool side. we will continue with the trend. details coming up next.

agencies now have to a very wet w

farmers are finally getting their due after three years of drought. california water agentsies now have a surplus thanks to a very wet winter state and federal agencies are making the extra water available to farms and reservoirs for the first time since 2006. sold surplus water to farms in the delta this spring for as little as $9 an acre foot. that's about 75% off the already low rate. attracting people to shores but everyday mounds of trash are left behind. bill whitaker on one man's crusade. >> reporter: attracting more than $6 billion a year. millions of pieces of ugly trash. >> fast food wrappers. candy wrappers. cigarette butts. old used plastic water bottles. single use plastic bags.

>> reporter: this writer sarah balis was compelled literally to take action. >> talked to my husband about some ideas of what i could do and came up with a blog. >> reporter: her chronicle to clean this small stretch of santa monica beach between two life guard stands over 365 days photographing and weighing cases away debris and waste washed from storm drains miles away. >> reporter: two thirds away from her goal and sarah has already collected 800 pounds of garbage just in this 200-yard stretch of beach in santa monica. >> a lot of trash for 20 minutes at a time. >> reporter: she soon learned she wasn't just collecting trash she was collecting followers. some of the 2100 people following her blog and tweets started to show up to clean up. >> while you're amongst sea gulls and kids playing that's when it hits you it is definitely a lot bigger

problem. >> she raised awareness to the point where people all over the country are now doing similar things that are going out for 20 minutes and cleaning out their neighborhoods, their beaches. >> i've gotten contacts from germany and people who have gone out and done daily ocean cleanups when they are in florida when they are on vacation. >> reporter: dedicated to saving the ocean group says a sea change starts small. >> sarah getting out there every day for 20 minutes shows it is a real easy thing to do. you care for the beaches, you can do something. >> reporter: something big. at the end of the year sarah and her cleanup crew will have removed a ton of trash from santa monica beach. >> reporter: bill whittiker, cbs5 news, santa monica. >> incredible. not really beach weather for us out here, jim. >> always beach weather if you're just picking up trash. maybe not the best of weather to be in the water without a wet suit that is. we have been on the cool side with temperatures below normal. we are looking at a mix of

cloud. low cloud cover and marine stratus moving into the bay tonight. that mix of clouds will be with us through the morning hours keeping temperatures on the mild side here through the week. a couple degrees below normal for this time of year. extensive fog banks this morning. slow to clear. to midday or little later before it finally backs up along the coast and dissipated. through the evening hours now we are losing the satellite imagery as we head into the evening hours with mostly sunny skies expected out across the interior tomorrow. temperatures should actually warm a couple degrees. in the mid, upper 80s out there with thunderstorm activity moving off to the east and out of the high country of the sierra been very active the last couple days with a lot of lightening strikes out there. no fires i'm aware of at this time but it has been very productive without a lot of rain unfortunately as well. bay side look for mid-70s here as the marine layer will be slow to go tomorrow. look for mostly foggy at the coast here with the cool conditions continuing through

mid-week as we will maintain enough of an onshore breeze to keep the marine layer in here. however, should be a little mixing by mid-week to give us some breaks out there and we will look for a slight warmup. a little bump in the temperatures towards the end of the week. overall we will stay pretty close to where we have been with mid-80s for the warmer locations, mid-70s in the east bay. and mid-60s back at the peninsula. the fog should clear. by midday tomorrow we will see more sunshine working its way out and those temperatures will remain on the cool side relatively speaking 2 to 4 degrees below normal. for this time of year. that trend to continue through mid-week as mentioned and come the weekend we should start to warm again but look for a couple degrees. nothing dramatic as the coastal air conditioner will continue to work its magic across the region and we will stay pretty close to seasonal norms by the weekend as this cool pattern will continue, after all it is peak fog season here in august. this is about what you would

expect. >> a little summer eventually. >> yes. >> thank you, jim. >> okay. unemployment rate for young adults at 14%. more than half a million students have defaulted on their student loans since 2008. but unlike others that owe more than they can pay back bankruptcy is not a solution for them. >> reporter: she always believed a college degree would mean a better future. but at 30 faced with $80,000 in student loan debt the future is hard to think about. >> i actually currently make almost exactly what i made before i had my degree. >> i definitely some days feel going back to school ruined my life. >> reporter: today two thirds of all students graduate in debt. the average debt is $24,000 but thousands begin their adult lives more than $100,000 in debt. >> some people say it is like

graduating and you already have a mortgage but you don't have a house. >> reporter: but the real shock comes with the repayment terms. like many students cook signed up for two kind of loans. one federal, one private. but at the time she admits she didn't understand the distinction. today her $40,000 federal loan offers flexible options. she pace $160 a months. but the private loan of the same amount came with very expensive nonnegotiable terms costing her $800 a month. add the interest. cooks will be paying $100,000, almost three times the original loan. >> private student loans are like a credit card and sub prime mortgages and they come with almost no consumer protection. >> reporter: keeping up with payments during a complicated pregnant came too much to handle. >> harassing phone calls. it made me feel like i was a

deadbeat. >> reporter: cooks was advised to file for bankruptcy. bad idea. under the bankruptcy law student loans cannot be discharged. unlike a mortgage, credit card or even gambling debt. >> that education debt stays with you for life? >> it stays with you for life. i prided myself as being financially responsible. >> reporter: cooks testified before the house judiciary committee to help repeal the law. >> it was irresponsible on my heart wholeheartedly for not reading the fine print. >> reporter: for many look cooks that fine print will cast a big shadow for a long time. john blackstone, cbs news, los angeles. an album from 2006 hits number 1 in the music charts again and the boy with her, harry potter gets initiated into an exclusive club.

"the smurfs 3-d" and "cowboys and

aliens" were tied for first place. both opened with 36-point-two million dollars in earnings. tual rankings won cowboys and ailens tied for first place. $36 million in earnings. captain america the first avengers flip to number 3. "harry potter and the deathly hallows" part ii crossed the $1 billion mark at the world wide box office this weekend. the last of the eight films. the first of the series earned almost $975 million in 2001. "avatar" with the biggest record earning 2.8 billion. titanic number 2 at 1.8

billion. eight days after her death amy winehouse's album back to black is back on top of the british charts. the debut album frank went to number 5. she was found dead of unknown causes of her london home after years of struggling with drug and alcohol addiction. she was 27 years old. serena williams goes for her first title in over a year. i'm dennis o'donnell. and if we are going to pack this sports minute we will need help with speedy guys in the nhra. the minute is next.

bank of the west final at stanford... serena williams, in just her third tournament since returning from injuries, beats

marion bartoli in straight sets... her first win of the i've got the minute. serena williams in her third tournament after returning from injuries. straight sets. her first win of the year. since last year's wimbledon. baseball. complete day for the red fans in cincinnati. barry zito got the start for the giants and it might be his last for a while. he gave up five runs in five innings. the giants routed. they are swept. arizona comes to town. just two games back. as continuing to line up the scoreboard. it is true. ryan sweeney doubles just inside the third baseline. scoring three times in the third inning. as win 7-3 to take that series two games to one. >> nhl at infineon. brown winning for the sec time in three years in sonoma. he claims a top title. nascar at the brick yard. taking the lead with 4 yards to go and won his first sprint cup race. hit the brakes, baby.

we are done. >> that's it for us. we will see you at 11 p.m. on cbs5. have a great night. captions by: caption colorado, llc 800-775-7838 email: comments@captioncolorado.com ,, ,,,,,,,,,,

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