credit agencies are threatening to downgrade america's pristine ratings and our charlie gasperino says get this, the downgrade could come as early as monday. and we'll be bringing you live reports on the massacre in norway, it gets worse. police there now are investigating if a second suspect took part in a deadly shooting at a youth camp. the a least 84 confirmed dead. most of them kids and said to be the same person that set off a massive explosion in oslo killing seven there. capitol hill, the house and senate leaders are getting ready to leave for the talks with the president, talks that he demanded. good news air conditioning in that room. the bad news, the parties don't get along in that room. and something tells me it will be a heated meeting. to our producer for the house, chad, what can we expect? >> well, from last night. epic fail, two words from here. what's interesting in the past 24 hours, to watch what john boehner was saying yesterday morning. walked into a meeting of the house republican conference and said i'm a happy warrior and sent everybody home. the house was ini

to ben stein, dagen mcdowell, charlie gasperino, daying, this gets to the idea of of serious spending cuts? >> it does, but you need-- the devil's in the detail, charles. and we will he be getting more details on the plan, and plans in the coming days, but if you want to have a really serious debt reduction plan, you're going to have to tackle medicare and social security and medicaid and that's just the fact of the matter. and they are trying to-- one thing that's really important in this, they're trying to cap spending as a percentage of our economy, when it got to 25% of gross domestic product under president obama. this tries to take it down in about seven years, below that mark, back to where we've been since world war ii, that's a huge step in the right direction. >> what's interesting, is that the president says everything is on the table, but he already accumulate out on friday and said that this wasn't on the trouble and this seems like a logical step. >> well, you know, i listened to what he said and i thought he was basically talking compromise here. listen, this deal i don