it is a deal. at least that's what the president and leaders of congress say, about their hard won bargain to end the debt limit crisis. it it is a deal. at least that's what the president and leaders of congress say, about their hard won bargain to end the debt limit crisis. >> it will allow us to avoid default. it will allow us to pay our bills. it will allow us to start reducing our deficit in a responsible way. >> can house speaker john boehner convince conservative republicans to vote for it. captioning funded by cbs >> good morning, everyone. appreciate you joining us on this monday. i'm terrell brown in for betty nguyen. they took it right down to the wire in the crisis over raising the federal debt ceiling is not over yet. there is a lot more hope this morning than there was 24 hours.

president obama, congressional leaders from both parties finally hammered out a deal yesterday one they think can win votes from lawmakers in the house and senate. let's get more now jay dow in washington, good morning to you. >> good morning to you, terrell. there's no getting around the fact these debt negotiations were messy. neither side got everything they wanted and you could argue that's the sign of an effective compromise. lawmakers from both sides are faced with the challenge of convincing their members this deal doesn't stray too far from their core principles. congress could vote today on a plan to raise the debt ceiling and pull the nation back from the brink of default. >> i want to urge members of both parties to do the right thing and support this deal with your votes. >> reporter: president obama and congressional leaders announced the historic agreement sunday night after months of contentious debate and back door wrangling. >> it will allow us to pay our bills and reduce the deficit in

a responsible way. >> it would raise the debt ceiling by $2.4 trillion to get the government through 2012 and trim the debt deficit by $3 trillion and $1 trillion now and the rest a bipartisan committee would determine. the plan does not include the tax increases president obama had wanted. house speaker john boehner backed the proposal in a conference call to republican lawmakers last night. both senate leaders endorsed the plan as well. >> there is now a framework to review that will ensure significant cuts in washington spending. >> to pass this settlement we'll need the support of democrats and republicans in both the house and senate. there is no way either party in either chamber can do this alone. >> reporter: while political observers say senate passage is likely, the proposal's fate appears less certain in the house. >> we all may not be able to support it or none of us may be able to support it. we'll wait and see. >> reporter: for a debate that's gone down to the wire the outcome could come down to just a few votes. both democrats and republicans

scored a victory in the sense that the already nervous financial markets are reacting favorably. the nikkei index rose nearly 2% this morning and the dollar rose in other asian markets. both houses of congress are expected to vote today on the debt plan compromise. >> jay dow in washington good to see you this morning. thank you so much. the "cbs moneywatch" word of the debt limit deal gave stocks in asia a big boost as jay just mentioned. ashley morrison is here good morning to you. >> good morning to you terrell. that's right. stocks in asia jumped on news of the debt deal here in u.s. japan's nikkei up 1.3, hong kong's hang seng rose 1.4%. this morning u.s. stocks look to open up strongly, dow future up 1.5%. last week wall street's worst week in a year, five straight days for the week, the dow was down 537 points while the nasdaq lost 102.

even if congress goes along with the deal to avoid a u.s. default there is still a chance at least one credit agency will lower america's credit rating. with their aaa rating, treasury bonds have long been the world's most trusted investment but standard & poor's warned of a possible downgrade and could make a decision this week. the proposed budget agreement will likely mean wide ranging cuts in aid to states affecting everything from the head start school readiness program to meals on wheels and worker training initiatives along with funding for transit agencies and education grants. british banking company hsbc is reportedly cutting 10,000 jobs in order to reduce costs. the "new york times" is reporting the british banking company will make the announcement today. the cuts represent 3% of its workforce. hsbc is also selling 195 of its retail bank branches in this country.

terrell, blue smurfs and old west aliens ruled at the box office this weekend. the sky sci-fi western "cowboys and aliens" and "the smurfs" opened in a tie, both movies bringing in "36.2 million. "captain america" slipped in to number three but brought in almost $25 million for the week. i spent the afternoon at "the smurfs." >> did you really? >> yes. >> some adults left their kids at home to see "the smurfs" by them selves. >> that's one annoying song. >> ashley always good to see you, thank you so much. iran will announce a verdict in a week in the case of the two american hikers in prison on spy charges. it came two years to the day they were arrested near the iran/iraq border. shourd was released last year. a lawyer for bauer and fattal

says there's hope they will be released. in syria, government tanks and troops are in control of the rebellious city of hama. it happened in an attack sunday said to have killed scores of people. president obama and european leaders are denouncing the crackdown launched five months ago by syrian president bashar al assad. whit johnson has more. [ gunfire ] >> reporter: the echoing crackle of gunfire sparked panic and horror in the streets of hama. human rights groups estimate the syrian government's latest offensive killed at least 80 people in raids across the country, bringing the total death toll to an estimated 1,600 since the uprising began four months ago. lately hama has evolved into the new epicenter of opposition to president bashar al assad. weekly protests here have drawn crowds in the hundreds of thousands but were no match for syrian tanks, what appeared to be a preemptive strike ahead of the islamic holy month of ramadan.

>> this was either an attempt of the regime of bashar assad to out and out crush this movement or an attempt to intimidate. >> reporter: borzun daragahi with the "los angeles times" reports from lebanon because foreign journalists are banned from syria. >> this was an area in 1982 struck extremely hard by bashar assad's father who was attempting to crush what he described back then was an islamic uprising against him. >> reporter: in a statement president obama vowed to increase pressure on the syrian regime and stand with the syrian people, people who even as night fell in the besieged city continued to protest in silence. after a day of violence and bloodshed. whit johnson, cbs news, washington. elsewhere in the middle east, egypt's chief prosecutor summoned ousted president hosni mubarak to appear at his trial,

despite questions about his health. he faces several charges, among the charges conspiring to kill among 800 protesters, that led to his overthrow five months ago. north korea said today it's ready to resume talks without preconditions. the foreign ministry said the country is preparing to carry out a 2005 agreement in exchange for trade. one of mexico's most notorious druglords is in custody this morning, captured after a shoot-out in the northern city of chihuahua. officials say he's to blame for the deaths of up to 1,500 people in mexico's ongoing drug wars. hattie kaufmann has his story. >> reporter: even by the standards of mexico's vicious drug war it was a shocking attack. last july in the city of juarez, paramedics rushed to save the life of a policeman who has been shot when a car bomb claims their lives as well.

the policeman was a decoy. mexican authorities paraded the alleged mastermind before cameras, jose antonio acosta hernandez, known as el diego was arrested friday after a shoot-out with police in the northern city of chihuahua. on twitter president philippe calderon described the arrest as a maximum blow to the juarez cartel. >> this is a tactical removal of an individual that is very capable of killing and killing at a very frenzied pace. >> reporter: the reputed enforcer for the juarez cartel led a gang of hitmen and corrupt cops, allegedly ordered 1,500 killings. the juarez and cenloa drug gangs are fighting a ruthless battle for control of lucrative smuggling routes to the u.s. more than 3,000 people were killed last year in juarez alone, among them 15 teenagers massacred at a party, el diego is believed responsible. in addition to the charges he faces in mexico,

acosta has been indicted in the u.s. for the consulate murders. >> it sends a very powerful signal to the mexican cartels that if you target u.s. diplomatic officials or our employees, the u.s. government is going to move heaven and earth to come after you. >> reporter: an extradition request is expected soon. hattie coughman, cbs news, los angeles. still to come on the ""cbs morning news" the hunt for an 11-year-old who vanished in new hampshire. plus d.b. cooper 40 years later, has the fbi finally caught up with him? first, bob schieffer has a preview of tonight's "cbs evening news." >> what if your state ran out of money and its courts were practically paralyzed? we'll take you to one state where that's already happening, where divorces, lawsuits and entire lives are trapped in an overtaxed court system. the story this week on the "cbs evening news." d court system. the story this week on the "cbs evening news." you do so much... to stay healthy.

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let's go to arizona here this morning, another big dust storm rolled through phoenix overnight as the skies got darker the dust made it tough to see just about anything in the city. even with all of the dust, rain and lightning hit parts of the area. in new hampshire almost a week since selena cass vanished. the fbi and local authorities are searching for the missing 11-year-old missing girl. sunday divers checked a pond near her home. selena was last seen in her bedroom playing on her computer last monday night. she was gone by the next morning. for the first time on sunday the girl's father spoke out to ask for her return. >> whenever you're ready to come home, selena, daddy will be here waiting for you. >> the fbi is offering a $25,000 reward for information in the case and the neighbor added $5,000 to that. now to the legendary d.b. cooper, criminal the fbi has been hunting for 40 years. the ht has a credible lead, the man who called himself d.b. cooper hijacked an airliner over washington state in november

1971, parachuted from the plane with $200,000 in ransom money and was never seen again. an fbi spokeswoman says an item belonging to a possible suspect is undergoing forensic testing, called a promising lead but investigators caution that they have not yet cracked the case. coming up your weather on this monday morning. ? ports one of the very best in baseball flirts with another no hitter in detroit. [ male announcer ] this is coach parker... whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ ♪ today is saturday ♪ salad on saturday ♪ fruit on friday ♪ throw a ball thursday ♪ water, water wednesday ♪ touch your toes tuesday ♪ ♪ let's move monday ♪ swap a snack sunday

announcer: 60 minutes of physical activity a day and eating well can help get your child healthy. so keep them active and eating well every day. get ideas. get involved. get going at letsmove.gov. that's letsmove.gov. listen to this. three out of four americans don't get enough vegetables. so here's five bucks to help you buy v8 juice. five bucks. that's a lot of green. go to v8juice.com for coupons. you can count on us. five bucks. that's a lot of green. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia.

here is a look at the weather in some here is a look at the weather in some cities around the country, afternoon and evening thunderstorms in new york, 91 degrees. thunderstorms and 91 in miami. partly cloudy, 90 in chicago, 108 and sunny in dallas and 83 and sunny in los angeles. let's get a check of your national forecast now, clear skies over the hot southern plains and much of the midwest, the southeast has scattered thunderstorms in the northern plains and rocky mountain states, bands of heavy rain and winds, the west coast is clear. later today, temperatures in the 90s and 100s will dominate the plains from texas to south dakota, it will be warm and humid in the northeast with storms arriving by this afternoon, some of them severe. hazy, hot and humid weather accompanied by scattered storms in the southeast. west coast sunny with seasonable temperatures. sports a tense game between the tigers and angels.

in the seventh, carlos guillen showboated on a solo home run. jared weaver immediately threw a pitch over the next tiger batter's head. he was ejected. eighth, tiger's justin verlanders four outs away from his second no hitter of the season, gave up a two-out rbi sing single. detroit beat them. ibanez doubled in, 6-5 win over pittsburgh. philadelphia leads the national league eastern division by six games. in milwaukee the brewers prince fielder singled to drive in the go-ahead run in the eighth inning the central division leading brewers hung on to beat houston 5-4. milwaukee won six in the row. in the nfl plaxico burress has gone from jail to the jets. the former wide receiver spent 20 months in prison on a gun conviction, accidentally shot himself in a new york nightclub in 2008. burress signed a reported $3

million deal with the new york jets saying he's grateful to them for giving him a second chance. when we come back another look at this morning's top stories. and cleaning up the beach, all it takes is a lot of hard work by a lot of dedicated people. 's the best job in the w. to be there for them, you've gotta feel your best. that's why i love eating activia every day. activia helps me feel good inside. which helps me be on top of things help regulate your digestive system. love how you feel or your money back. not only kills fleas and ticks, it repels most ticks before they can attach and snack on us. frontline plus kills but doesn't repel. any tick that isn't repelled or killed may attach and make a meal of us. [ male announcer ] ask your veterinarian about k9 advantix ii. [ female announcer ] we all want cleaner laundry. we all want a world with fewer chemicals. we all want the best of both worlds. introducing all free clear oxi-active. a powerful new detergent without dyes or perfumes

that helps get out your toughest dirt and stains. its added natural cleaning boosters help get your whole family's wash incredibly clean. tough on stains. gentle on skin. new all free clear oxi-active. the pressure is on congress today to pass a deal to raise the debt limit. who stands to bear the brunt of painful cuts. and.. they're trying to cash in on your trash. how one bay area county plans to make poachers pay up. and.. she claims she was trying to protect her daughter. how one mom ended up in jail.. over her child's patdown. and the cost of getting around is going up. the latest bay area transit agency raising fees. join us for cbs 5 early edition ... beginning at 4:30. ,,,,

on the on the "cbs morning news," here's a look at today's weather. the heat dome over the plains is spreading north again with heat index readings likely to top 100 from texas to south dakota, powerful storms could hit the northeast during the evening commute. here's another look at this morning's top stories, president obama and congressional leaders agreed on a deal to raise the federal debt ceiling by enough to keep the treasury going through next year's elections but it is now just one day to the default deadline in the house and senate both must pass the bill and send it to the white house for the president's signature.

those votes are expected today. as usual this time of year conditions in southern california are perfect for beachgoers but where people go, trash remains and it takes a real leader to get things cleaned up. bill whitaker reports. >> reporter: the beauty of santa monica beach attracts more than 6 million visitors a year who leave mind -- >> a ton of stuff. >> reporter: millions of pieces of ugly trash. writer sarah bayles was so disgusted, she was literally compelled to take action. she cleaned up this stretch of beach between two lifeguard stands each day, 20 minutes a day, over 365 days, photographing and weighing castaway debris and waste washed from storm drains miles away. two-thirds of the way toward her goal and sarah already has collected 800 pounds of garbage, just in this 200 yard stretch of beach here in santa monica. she soon learned she wasn't just

collecting trash, she was collecting followers, some of the 2,100 following her blog and tweets started to show up to clean up. >> i've gotten contacts from germany and people who have gone out and done daily ocean cleanups in florida while on vacation. >> reporter: alexis henry with the surf rider foundation which is dedicated to saving the oceans says a sea change starts small. >> sarah getting out there every day for 20 minutes shows it's a real easy thing to do. if you care for the beaches, you can do something. >> reporter: something big, at the end of the year, sarah bayles and her cleanup crew will have removed more than a ton of trash from santa monica beach. bill whitaker, cbs news, santa monica. in southwestern china school is in session for a pair of pandas. take a look, the cub's mother, 21-year-old yaya is teaching them some important things, how to find apples left in the enclosures by the keeper in the zoo. plenty of time for cuddling and

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by now it's no secret that recent college graduates are facing a very tough job market. the federal government says the unemployment rate for young adults is 14%, more than half a million students have defaulted on their student loans since 2008 and bankruptcy is not the answer. john blackstone reports. >> reporter: felicia cooks 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's like graduating when 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 kinds 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. cooks pays $160 a month but the private loan of the same amount came with 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 much more like a credit card or subprime mortgage. they have variable rates and come with almost no consumer protections.

>> for cooks, keeping up with payments during a complicated pregnancy became too much to handle. >> to get those harassing phone calls and 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 financial life. >> reporter: cooks testified before the house judiciary committee to repeal the law which prevents people from discharging private student loan debt. >> it was irresponsible on my part wholeheartedly for not reading the fine print. >> reporter: for many that fine print will cast a big shadow for a long time. john blackstone, cbs news, los angeles. coming up later on "the early show" full coverage of what's hoped to be the end game of the debt limit crisis. erica hill is in washington and

will have live reports from the white house and capitol hill. the house and senate are expected to vote on the deal today. plus, has the fbi finally tracked down the mysterious hijacker d.b. cooper? all that and more later on, on "the early show." that's it for this monday morning edition of the "cbs morning news." i'm terrell brown. take care, everybody. have a great day. -- captions by vitac -- www.vitac.com

how you doing? my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food bank. my name is ne-yo, and i believe that number should be zero. believe in zero. join the effort. visit unicefusa.org.