budget battle. the to-do list verse the won't do list as president obama meets with congress appear leaders today. injury report. a revealing look at george zimmerman's medical report the day after he shot trayvon martin. an alzheimer's drug. new hope as doctors test a drug that could prevent the disease. this is the "cbs morning news" for wednesday, may 16, this is the "cbs morning news" for wednesday, may 16, 2012. captioning funded by cbs good morning. thank for joining us. we begin with the race for the white house. mitt romney is inching closer to securing the republican nomination. he picked up two more primary win last night in nebraska and

oregon, but still short of the delegates he needs to clinch the gop nomination. meantime, a showdown is pru brewing over the economy and federal budget. mr. obama will host a meeting to give them a to-do list, but john boehner made clear yesterday what he won't do. susan mcginnis is in washington with more. good morning, susan. >> reporter: good morning. it looks like we are headed for a replay of what happened last year when the nation was headed toward a debt cliff. battle lines were drawn yesterday during a deficit summit just ahead of a meeting with the president today. president obama will meet with the heads of both parties today to push for a series of bills he says will create jobs and build a stronger economy. >> that's why we make congress a handy to-do list, just like the kind i get from michelle. >> reporter: it includes eliminating tax breaks for overseas, giving tax breaks to small businesses hiring u.s.

workers, extending attack breaks for clean energy companies, refinancing help for homeowners and job search assistance for veterans. but one mortem could emerge at this meeting. another battle lies ahead on raising the nation's debt ceiling, which will be reached by year end. house speaker john boehner says in order to raise the company he'll insist on deep cuts. >> allowing the debt ceiling to go up without addressing our fiscal challenge would be the most irresponsible thing i could do. >> reporter: last year's debt battle was contentious. among them, a deal nearly reached at a golf summit between president obama and speaker boehner fell apart. senate majority leader harry reid says it's time for republicans to work with democrats. >> american people have had enough of this brinksmanship. they want us to get things done. >> reporter: today's arguments

are the same ones that faced congress then. republicans want deep cuts in spending. democrats want higher taxes for and speaker boehner is also promising there will be a vote on renewing the bush tax cuts that expire at the end. year. >> susan mcginnis in washington, thank you. the fbi is now reportedly looking into the $2 billion trading loss at jpmorgan chase. the securities and exchange commission and federal reserve have already opened inquiry, and ceo jamie dimon survived a meeting with shareholders yesterday. anthony mason has more on that. >> reporter: security was tight around jpmorgan's tampa, florida, campus, a small banged of protesters was kept across the street from the annual meeting site where ceo jamie dimon tried to explain the bank's $2 billion bad trade to hair holders. >> the bottom line is no matter ho unfortunate this is, we want to learn from the mistakes and

fix them. >> reporter: cameras were not permitted in the meeting which was over in less than an hour, and some shareholders left less than satisfied. >> i still can't explain what went wrong, other than there was a lack of supervision and a lack of accountability. >> reporter: dimon survived a proposal to strip him of one of his jobs. he's both chairman of the board and ceo of the bank. 40% of shareholders backed the move to take away his chairman's title. ann simpson is ceo of calpers, california public employment retirement system, which has almost $600 million invested in the bank. she says they voted against simon on the chairman issue. >> he's sitting in the midst of a heart of conflict of interest. >> reporter: simpson says the bank's trading disaster has provided ammunition on another issue, stricter regulation. >> in that respect jamie dimon

may have done everyone a favor, reminding us we need to get these smart regulatory provisions on the books sooner rather than later. >> reporter: after the meeting dimon said bank may take back compensation paid to executives in the trading losses. we will do the right thing, he said, which may well include claw back. a new report says gunman george zimmerman was hurt the night he shot 17-year-old trayvon martin. according to medical reports obtained by abc news, as i remember man had a nose fracture, a pair of black eyes and cuts to the back of his head. he was reportedly treated february 27 th, date after he shot martin. he claims he killed martin in self-defense. zimmerman is out on bail and has been in hiding since being released from jail last month. now to a possible breakthrough in the fight against alzheimer's disease. more than 5 million americans suffer from the disease, but by

2050, that number could increase to 16 million. while there is no cure,there may be be a way to prevent it. theresa garcia reports. >> reporter: the search for secret to alzheimer's disease will focus on one in colum bee kra. hundreds of members of one family that researchers say were born with a genetic flaw that dooms them to contracting the sdeedz by age 50. >> we believe that it is time to launch a new era in alzheimer's prevention research. >> reporter: the family members along with 24 americans at high risk for alzheimer's will participate in a clinical trial of an experimental drug scientists say could prevent the ybld up of proteins believed to cause the memory-wasting disease. >> most but not all researchers believe the accumulation of amaloid plays a criminal role in alzheimer's.

>> reporter: the study was announced as obama administration unfailed its plans to start on treatment for the disease by 2025. >> we know a lot more needs to be done and it needs to be done right now, because people with alzheimer's disease and their loved ones and care givers need help right now. >> reporter: along with 50 million more dollars for research, it provides support and care for family members called outsiders.gov and calls for better training for doctors to spot symptoms earlier. the goal is to treat those already affected by the disease while looking for a way to keep others from getting it. theresa garcia, cbs news. strong winds are fanning the wild fire in arizona about you the 35-mile-an-hour gusts are blowing it away from the historic mining town of crown king. so far it's burnt 2 1/2 square

miles. a wildfire in tonto national forehas consumed more than 2800 miles. can the 70 so-called butcher of bosnia was in court in the netherlands. he's accused of ordering the slaughter of 18 men and boys. she was released from police custody yesterday. brooks was editor of the now closed "news of the world." these are the first charges to be filed since scotland yard reopened the investigation 18 months ago. coming up on the morning news, will he or won't he? speculation over whether john edward will take the stand in & his corruption trial. this is the "cbs morning news." i was pushing my kids in a stroller

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edwards' corruption trial says they'll say today whether they plan to call edwards or his mistress. he is accused of concealing donations to hide his out of wedlock affair. if he takes thestand, he'll face tough cross-examination by federal prosecution. defense lawyers will cross-examine the prosecution's key witness in the roger clemens trial. brian mcnamee testified he inyekted the star pitcher several time from 1998 on the "cbs moneywatch," retail sales cooled down. what happens when four beatles cross the road the wrong way? ashley morrison is here with that and more? >> overseas markets saw a huge selloff. nikkei lost 1.5%, while hong kong's hang seng shed more than

3%. wall street will try and rebound today following yesterday's losses. the dow fell 63 points while the nasdaq dropped nearly 9. treasury secretary timothy geithner says a big jpmorgan trading loss strengthens the case. geeter in spoke in washington yesterday. he said as regulators implement the 2010 loss aimed at policing wall street, they'll examine capital requirements, limits on leverage and reforms in the derivatives market. retail sales increased 0.1% last month. in the previous two months, sales were boosted and building and gardening supplies. those areas fell sharply in april but spending on building materials was higher last month. the facebook public stock offering could be a boone to cash-strapped california. as california shareholders cash in, the state is projected to raise up to $2.1 billion in tax

revenue. of course, that assumes voters approve governor jerry brown's tax hike initiative. and a wrong way photo of the fab four is expected to go for big bucks. a rare photo of beetles crossing abbey road. the photo is expected to fetch over $14,000 when it is auctioned on may 22nd. i'm sure there's a lot of beetles fans out there that would love to get their hand on that conversation piece. >> did you notice paul mccartney is wearing sandals, not barefoot like the cover? >> that's right. >> ashley morrison, thank you very much. straight ahead, your wednesday morning weather. and in sports, nba playoff action. clippers and spurs in a san antonio showdown. sometimes, i feel like it's me against my hair.

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here's a look at today's forecast in some cities around pthe country. new york, showers, 80 degrees. miami, thunderstorms, 86. chicago, sunny. dallas, sunny, 85. l.a., partly cloudy, 78 degrees. now for a check of today's national forecast. showers and thunderstorms will develop from maine to the mid-atlantic. in coastal areas from carolinas to florida, it will be fair and

warm across the southeast across texas and a few thunder showers in the ohio valley. scattered storms will develop in the rocky ands intermountain region in the west. now to sports and the nba playoffs. san antonio hosting the clippers and visitors looked strong at the start but the spurs hit three straight to open the second half and led by tim duncan's 26 points, san antonio won the first game of the western semifinals 108-92. in miami, playing without injured chris bosh, dwyane wade and lebron james looked great early on a touch pass to score against indianapolis, but the pacers played tough, including a paul george steal and fast break score and indy beat the heat, tying the eastern semifinals series 1-1. now to baseball. cubs and cardinals. a back and fourth game. in the top of the ninth, soriano hit a solo homer to tie it 6-6. but molina came through in the

bottom of the ninth with the game-winning rbi single and cards avoided a five-game sweep at home. in a west coast match-up, a's took on angels and a pair of rbi infield singles as the home team took a 3-0 lead. santana gave up four hits in 7 2/3 innings and angels won it 4-0. in nhl stanley cup action, the l.a. kings carter scored three against the coyotes, his first career hat trick. jonathan quick stopped 24 shots as kings won it 4-0 and led the western conference finals 2-0. which we return, another look at this morning's top stories. and sixes for f-22 raptors. new restrictions after complaints from stealth jets from their pilots. eggland's best eggs.

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here's a look at today's

forecast in some cities around the country. washing wash d.c., thunderstorms, 87. atlanta, thunderstorms. st. louis, partly cloudy, 78. denver, afternoon thunderstorms as well. seattle, 66 degrees and sunny. now for a recap of this morning's top story. president obama meets with leaders of both parties today to push a series of bills he says will create jobs and stimulate the economy. an abc news is reporting george zimmerman suffered a broken nose, two black eyes on cuts on the back of his head the night he shot trayvon martin. defense secretary leon panetta is determined to solve the mystery that threatens the lives of air force pilots flying the f-22. it's a high performance jet fighter that costs $90 million apiece to build and never used in combat. >> reporter: something is wrong with the f-22 and the secretary of defense doesn't think the air

force is doing enough about it. so, he signed a memo restricting the world's most advanced and most expensive fighter jet to training flights close to landing fields. that would give pilots a better chance to land safely if they experience a mysterious disorientation when they described to lesley stahl on "60 minutes ". >> several times during the flight, i had to really concentrate, immense concentration on just doing simple, simple pass. >> reporter: wilson was experiencing the symptoms of oxygen deprivation and went to his emergency oxygen supply. >> go ahead and pull your emergency oxygen and come back home. when i did make that decision, i couldn't find it. >> reporter: wilson made it back to base, but he and gordon, both combat veterans, have since refused to fly the plane. >> i am not comfortable flying the f-22 right now. >> reporter: according to the air force, there have been 22 unexplained cases over the past four years in which pilots

experienced symptoms of oxygen deprivation. the f-22 was grounded last year while engineers searched for something that could be contaminating the cockpit air. but the air force returned it to flight. secretary panetta demanded a briefing on the unsolved problem and ordered the flight restriks as well as a speed up in installation of an automatic backup oxygen system. david martin, cbs news, the pentagon. aaa is out with annual forecast of memorial day weekend travel. it is says 34.8 million americans will travel at least 50 miles from home. 1.2% more than last year. but the average distance they plan to drive is down by 150 miles. travel would be a lot quicker if we could beam ourselves from place to place like they did in "star trek" but don't hold your breath for that. a form of teleportation does exist and chinese says they

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. good morning. you're halfway there. i'm mike hydeck. monika santami will have traffic momentarily. she's very cheery so look out for that.

>> i'm jessica doyle in for andrea roane. howard bernstein has your weather first. >> quiet this morning. we have some fog story. mike seems cafinated already. >> we don't have any caffeine left. >> we have to get working on that. >> there will be fog, especially west and southwest of town. we're 65 right now with mostly cloudy skies at national. by 9:00 71. noon 78. highs today low to mid-80s. might see a pop-up thunderstorm. i think rain chances are not too high, not nearly as high as yesterday. big time thunderstorms popped yesterday south and east and several inches of rain caused flooding in spots. those are gone and relatively quiet this morning. but we're talking about the fog, especially west and southwest. we've got visibilities in petersburg, west virginia, cumberland a quarter mile. dulles is down to a quarter mile. a mile in manassas.

half mile in stafford. these areas toward fredricksburg and the shenandoah valley, got to watch out for some dense fog in spots that could quickly reduce the advice i can'ts, -- the visibilities. slow you down and give yourself more length between you and the car in front of you. mid-50s in martinsburg. 67 on the bay in annapolis and 62 in la plata. we're going into the 80s. it is 4:27. monika santami, happy wednesday. happy wednesday. on the west side of town you just got a little bit of construction this morning. no big deals though pretty much all around town. we'll start off with showing you the beltway. we've got green all the way around. let's zoom in west. if you're coming in on i-66 you're going to be okay. same thing on the dulles toll road. you did have construction on the outer loop. you see all the yellow between braddock road and springfield blocking the three left lanes and route 50, they're preparing for road work there as well.

be aware of that otherwise doing good the toll road and 66. back over to a live picture first on the northbound side of i-95. here's what it looks like in lorton. we're looking fine heading towards springfield. back over to the maps coming in from the east, we're fine on route 50 and bw parkway. no issues to report out of annapolis. a quick look live in silver spring. no delays yet here at georgia avenue. in my next report, we'll take a look at 270 at 4:39. >> president obama is going to meet with congressional leaders today. he's going to try to discuss his congressional to do list. >> the list includes five policies the president wants congress to pass in order to create jobs and strengthen the economy. susan mcginnis has more. president obama will meet with the heads of both parties today to push for a series of bills he says will create jobs and build a stronger economy. >> that's why we made congress a handy to do list. it's like the kind i get from michele. >> reporter: the list includes eliminating tax breaks for

companies that send jobs overseas, giving tax breaks to small business, hiring u.s. workers, extending tax breaks for clean energy companies, refinancing help for homeowners and job search assistance for veterans. but one more item could emerge at this meeting. another battle live ahead on raising the nation's debt ceiling which will be reached by year end. house speaker john boehner says in order to raise the cap, he'll insist on deep cuts in spending. >> allowing the debt ceiling to go up without addressing our fiscal challenge would be the most irresponsible thing i could do. >> reporter: last year's debt battle was contentious leading to several failed attempts to tackle the deficit. among them a deal nearly reached at a gulf summit between president obama and speaker boehner fell apart and the threat of a default triggered a downgrade of the u.s. credit rating. senate majority leader harry reid says it's time for republicans to work with democrats. >> the