>> now it's senator harry reed's turn. he said he will introduce his $2 trillion debt limit. blanton for a vote late saturday night, even if it goes into the we hours of sunday morning. it's a plan the republicans in the house say they will reject. abc7 news. >> so what comes next? senate majority leader harry reed said he will bring up his measure for a vote tonight, 1:00 a.m. sunday eastern time. in an unusual move the house plans to vote on the bill in just a few hours, this morning, just before 10:00, even before the senate takes it up. it's all but certain to be rejected by the house so the real task remains. both parties must remain on a compromise that can pass the house and the senate and get signed by the president before tuesday's deadline. the american economy is signaling real distress as all the chaos in washington continues. yesterday the dow was down for a sixth day in a row. it slid 581 points since last friday for the biggest weekly drop in a year. and the effects of not raising the debt ceiling would reach other areas of the economy. abc7's lisa amin gulezia

>> now it's senator harry reed's turn. he said he will introduce his $2 trillion debt limit. it's a plan the republicans in the house say they will reject. abc7 news. >> so what comes next? senate majority leader harry reed said he will bring up his measure for a vote tonight, 1:00 a.m. sunday eastern time. in an unusual move the house plans to move on the bill this morning even before the senate takes it up. it's all but certain to be rejected by the house so the real task remains. both parties must remain on a compromise that can pass the house and the senate and get signed by the president before tuesday's deadline. the american economy is signaling real distress as all the chaos in washington continues. yesterday the dow was down for a sixth day in a row. it slid 581 points since last friday for the biggest weekly drop in a year. and the effects of not raising the debt ceiling would reach other areas of the economy. abc7's lisa amin guleziana, plains how americans, young and old, would feel the impact. >> just when it seemed americans were comfortable spending again, the

senator hairy - harry reed reedd and the senate planning to go over his plan and looking at tax hikes and revenue enhancers . also look being at deeper spending cuts potentially to win over republicans. that might be legislation nongrata for the house of representatives where it may be dead on arrival. that's what they are looking at. the president's approval rating as the house starts is all-time low of 40 percent . other surveys have him in and around the neck of the woods. congress approval ratings are tumbling and his is more pronounced. believe me, congress is in no position to brag. congressman, they will come to a deal but not to your liking, explainn. >> there is such pressure and anxiety to get something done, there is an obsession with the august 2nd deadline. >> is that a real deadline? >> i don't believe it is. you and i have talked about this. it is a floating deadline. we have government renues to take care of what we need to. we need to get it right if we have to go a few days, let's do it people are up here so long, they are in a menitality of getting something done .

even pressuring the republicans that quoting ronald reagan, harry reed and the democrats is one that he called " balance ". both pparties have a responsible. >> house speaker john dinner will have a bottle. to president obama john-peter in one minute he will have a rebuttal john boehner-- >>catherine: stay with us. >> and other routine increase in the national debt (music) >> jacqueline: a month and a gorgeous afternoon around the bay with temperatures on the mild side. a gorgeous day--around the bay. and mild. 80s inland. antioch is the warmest location with temperatures in the 60s on the coast. fog will return overnight. the fog tracker tomorrow morning the bayshore is stocked and and the inland valley. socked in--by 10:00 a.m., still that fog will be hugging the san mateo coast tomorrow afternoon. temperatures tomorrow are similar. '70s and '80s in the south bay. 77 in the san jose and a little bit warmer there. 74 in redwood city. 60s in oakland. 85 degrees in antioch a warmer day. in the north bay 80s in the santa rosa's 74 in santa rosa. 80 in concord. it is already above avera

. >> on the senate side, majority leader harry reed is expected to unveil a package containing $2.7 trillion in spending cuts and no tax increases. it would also push the government's borrowing authority through the end of next year. that deadline coming up august 2. >>> coming up, the new york hotel maid in the strauss-kahn sex case breaking her silence. >>> i wanted him to know, you cannot use your power, when you do something like this. >> why she feared for her life after coming forward. >>> and the giants go on a big date with the president. who got out of jury duty for the big day? we will tell you when we coming up. >>> i'm meteorologist lawrence karnow in the cbs 5 weather center. the skies now beginning to part just a bit around the bay area. will the sunshine stick around? we will talk about that coming up. ,,,,,,,, ♪ ♪ mm-mmm-mmm-mm-mm-mmm ♪ mm-mmm-mmm-mm-mm-mmm ♪ ♪ mm-mmm-mmm-mm-mm-mmm ♪ mm-mmm-mmm-mm-mm-mmm ♪ [ female announcer ] kraft cheese has more full length shreds in every bag. you'll see the difference. ♪ mm-mmm-mmm-mm >>> well it is monday. we're keeping an eye on wall s

senate ma jord leader harry reed is working on his own propose thal would raise the ceiling by more than $2 trillion through 2012. both the house and the senate have a goal to take up legislation by the end of the week. running out of time. >>> 5:03 your time. he is relaxed. somewhat tan. i guess he said sunburned. >> i didn't see a tan but we will take his word for it you can't tell. >> i am relaxed. there is no getting around that. what a time we had. but back to work again and we're still talking about cooler-than-normal temperatures around the bay area. low clouds and fog. sweeping onshore once again. all the way to the valley. due to drizzle showing up outside this morning. watch out for that. a little slick near the roadways. especially coast side and temperatures running mainly in the 50s right now. cloudy skies out there as well by the afternoon. and to warm things up. 70s and low 80s, well inland, and a lot of 60s and a few 70s as you make your way around the bay and we're looking at 50s and 60s toward the coastline, maybe some slow warming as we head toward the middle of the we

we've got to have that situation happen but clearly, you know, harry reed tried to get that to happen but we are going to talk about the debt. libya will be put on the back burner again until we get something done. >> it was all the talk a couple weeks ago on the talk shows what are we doing in libya what are the answers here think it will come back up again? >> i think it will have to. i think what senate was trying to do in a bipartisan fashion with senator mccain and senator perry, was to try to put some sort of guidelines around what we are doing in libya again, aircraft, and what that resolution would have done is stipulate no troops on the ground unless there was a specific personal threat to u.s. personnel, somewhere in libya. and it would have limited the action to a year. so i think they will come back to that but i agree with senator reed and jim now is the time to look at the debt. >>> there is a big twitter party going on at the white house today, and in all seriousness it is a town hall meeting of sorts, an electronic one talking about jobs and economy is this a smart mov

the house -- speaker -- excuse me senate majority leader harry reed has said repeatedly over the week that he would not pass this bill, that democrats are absolutely against it, that the bill would die in the senate even if it manages to pass the house, which is still a question, because it's going to be very tight, even if it does manage to pass, the senate has said, no way, we're not going to pass this which leaves us with no legislation whatsoever. i know that harry reed is working on his own bill that he wants to introduce but that lacks republican support right now in the senate. so it's really kind of a jichgi mess here. >> let's further extrap late from the boehner plan. i know you're right about six possible paths here in this debate. what are some other possible plans, contingency plans, backups to the backups that could be in play today. >> we have gone beyond plan b and plan c, we're looking at x, y and z at this point. boehner says he wants to work with the republicans to craft a bill that can pass both chambers, so perhaps that bill can be changed enough to appease the re

. >> but senate majority leader harry reed says boehner's plan is a nonstart ner the senate. reed is working on his own propose thal will raise the debt ceiling by more than $2 trillion through 2012. but spending cuts and no tax increases. the house and the senate have a goal to take up legislation by the end of the week. still work to be done there. >>> big difference from hawaii. that's where lawrence was in the last couple of weeks. >> yes. drizzle and cold. >> did you notice the sunburn? >> no, not are really. >> it must be the makeup then. sure, it is the makeup. >> guys, it is fantastic weather on the islands. here in the states, we are looking at some low clouds and fog. moving onshore. and thick enough where we're seeing drizzle especially off to the coastline and some of that is making its way inside the bay. and cooler as we head toward the afternoon hours and right now the temperatures in the 50s outside. 59 in san jose. and 57 in livermore and 54 degrees in san rafael. mostly cloudy skies. around a good part of the bay area. and by the afternoon, we will sneak in

senate major leader harry reed. id. >> experts say all too soon we would be back in the midst of partisan rambling with a commem held by extremist. >> senator majority leader harry reid attacking the gop proposal. not all republicans are on board. amy krammer said it is time to 96 the plans that don't include cut, cap and ambulance. - balance. >> the tea party is taking the heat for standing by the principles. many say you are putting principles before the country and going to ultimately hurt the nation if we go over the cliff and we don't you know raise the ceil we are downgraded. >> uma, we need to go back to ground zero and ground groundd is that eight months ago, the house, the senate and the white house were all controlled by the demdeps, they punted and they didn't do anything about it and kicked the can down the road and now here we are. this is about the united states of america. the republicans have put two planos the table. paul ryan and cut, cap and balance on the democrats say they don't want either. pick

the latest plans with harry reed cutting 2.7 trillion dollars in spending. the next debt deadline will become after the 2012 election. the republican the john boehner comes in two different phases. 1.2 trillion in spending and 1.8 trillion. the next debt deadline could be coming in early 2012. a lot of posturing and political theater but no raising the debt limit. the president are not able to still no agreement. >> the government is stopping to collect taxes on faa they cannot legally collect that money right now. most airlines raised prices so they can pocket that monday. just a few airlines past those savings on to customers such as alaska airlines. >> constructions oakland airport is on hold. work on a new control tower with a 60 people that were on the that $38 million project were told not to come to work this morning. >> a gun battle on the streets of san francisco. tensions soaring. >> i am angry i am hurt and i want the truth. >> a prominent civil-rights law firm takes on the case. >> what we have more executions-excuses and-- tonight, the new alleg

. >> harry reed canceling the july 4th recess to lawmakers can focus on stalled plans forcing senatorsgo to work. >>> they will discuss the economy and jobs on monday on twitter. >>> dalai lama will visit washington dc for the largest gathering for world peace in history. >> sheila bear comes to the end of her 5 year team as fdic. >>> nasa atlanta will make its final launch friday. >> finally the duke and duchess of cambridge, william and katherine will arrive in california friday it is part of a longer trip beginning in canada and the first official over sees trip they have made as husband and wife. >>> well, already a big box office hit now talking possible record breaking movie, kevin mccarthy talks to one of the new stars of transformers dark of the moon. that interview when we come back  >>> the latest transformers sequel could set records at the box office this holiday weekend. transformers dark of the moon has taken in $97.5 million since release and it is believed it could top the holiday weekend record held by spiderman 2 and twilight saga eclipse. >

i don't know if you remember this but brought me back instantly to the nancy pelosi and harry reed segmentd at one place. drops that hand down barrier. and what does she do? strokes the face again and leans away. >> bill: leans away. >> leaning away. needs to distance. you have to realize this is a bad situation. >> bill: he is leaning in. >> and she leans further away and now is stroking the neck and we do this when we need comforting. this is the best one. you see the ear when you tug on your ear what you are saying in essence is please stop talking, enough. >> bill: talking on the ear. >> talking on the ear. >> bill: the little rascals thing that was a signal to do something. i forget what it was. i don't know why i brought that up. it was foolish. new england patriot quarterback tom brady actually crying. roll the tape. >> i remember taking a walk with my dad and mom around the block. it was just a tough day, you know. i just remember being there with my mom and dad. sorry about that. >> bill: now, the emotion comes out of the fact that he wasn't drafted by the professional league to t

after that session harry reed released a statement saying republicans are unwilling to compromise, eccoing statement president obama made friday. >> one of the questions the republican party is going to ask themselves is can they say yes to anything? >> i'm confident the bipartisan chair and the congress can act. if the white house won't get serious, we will. >> and speaker boehner said he hopes to have an agreement by today to avoid spooking asian markets. >>> and hundreds ever couples, gay couples, in new york started exchanging vows from same-sex marriage became legal in new york. new york city alone is hosting hundreds of false today. the first occurred at niagara falls. the famous falls were bathed in rainbow colored highlights for the occasion. last night new york game the sixth and largest state to legalize same-sex marriage. san francisco's law remains tied up in federal appeal over proposition 8 that bans it here in san francisco. >>> and friends are say they are shocked and saddened to hear of amy winehouse's death. the 27-year-old grammy winner was found dead yesterday morning i

after that session harry reed released a statement saying republicans are unwilling to compromise. echoing a statement that president obama made on friday. >> one of the questions the republican party is going to ask themselves is can they say yes to anything? >> i'm confident the bipartisan chair and the congress can act. if the white house won't get serious, we will. >> and speaker boehner said he hopes to have an agreement by today to avoid spooking asian markets. >> it may be near then of july but hundreds of skiers and snowboarders still hit the slope this weekend. this resort had runs open yesterday for summer skiers for one last day. a record seasonal snowfall is behind the latest opening ever. latest summer skiing in california is believed to have been august 13th at mammoth mountain in 1995. this has, indeed, been a strange year, lisa. >> we are looking at temperatures in the 50s. airport delays at sfo up to an hour. look at the sunshine. up about 7 minutes ago but cloudy below. i will tell you when you can expect to see the sun coming up. >> that's lovely. thank you, lisa

senate majority leader harry reed cancelled an early morning senate vote to allow talks to continue. the count down clock shows two days, 15 hours to raise the debt limb before the government runs out of money to pay all its bills. dan reports on what both sides have agreed to so far. >> after weeks of rangling and partisan bickering there appears to be new optimism that congressional leaders and the white house are close to resolving the debt ceiling impasse. a new option for extendth debt ceiling is being discussed. >> i'm confident and optimistic that we are going to get an agreement in the very near future. >> in spite of our differences i think we are dealing with reasonable, responsible people that want the crisis to end as quickly as possible and i'm confident we will. >> the latest framework will raise the debt ceiling by $2.4 trillion and guarantee an equal amount of reduction through the next two years. things looked grim for much of saturday. one proposal would allow it in two stages as the only viable option. >> we don't have time for delaying tactics. >> but the republic

harry reed reedd and nancy pelosi democratic leader in the house said no. >> absolutely not.they are saying is, i thought it was a revealing moment that you had with tim geithner. he thinks there is some republicans that are praying for default. that's his language and you get the idea that the white house to theeent that the bill was talking about the -- there is some republicans who are just stubborn and to making a deal under circumstance because they don't want added revenue or tax hikes . we saw from the democrats, you talk about the white house. the democrats flew over to the white house to say what are you talking about. you are willing to make cut in medicare and medicaid and social security? you are putting our political fortunes at risk. you saw aarp and all engage theirr member to absolutelyy zoom in on congress with phone calls and lobbbying to say stop the president from giving up everything to the republicans. one lastt point here. i am amazed that you heard the speaker of the house said. we have moved the goal post in terms was a president who didn't want signi

senate majority leader harry reed is working on his own proposal that will raise the debt ceiling bye than $2 trillion through 2012. >>> house minority leader nancy pelosi wants an ethics investigation of an oregon congressman. democrat david wu is accused of making inappropriate sexual advances toward a young woman. a newspaper in portland reports that she is the daughter of a long-time campaign donor. wu is resisting calls to resign. he also says he doesn't want to bring unwanted attention to the woman or her family. >>> time now is 6:13. a young man from richmond is among a group of teens attacked by a bear in alaska. it happened on saturday night as the group of seven was hiking near a park 120 miles north of anchorage part of an outdoor leadership program. two teens are hospitalized in serious condition. including a man from colorado whose parens are releaved the injuries are not life-threatening. >> i guess they were coming to a curve, and there was a sow bear, a mother bear with a cub and i guess they just came across the bear, sort of startled it. he was in the back. and the

its winning praise from john mccain of arizona and harry reed of alabama. the president is quoted as commending mcconnell for putting forward this proposal. >>> and the washington bureau is expected to sit down for a one on one interview with the president today. you can see that exclusive visit you with president obama this afternoon on ktvu channel 2 news at 5:00. >>> following the release of a new crime report, the report found the first block of turk street is a crime hot spot. the tenderloin housing clinic says that single block has 100 times more crime than any where else in the city. >>> time is now 8:25, a close call for two santa barbara county fishermen who catch and release sharks from a kayak and they do it for fun. one of those men caught one and wanted to take a picture of the shark. but that shark had some other ideas and flipped over the kayak. >> once you're in the water it's a whole different scenario. you can see that shot of that shark dangling below him. at any moment that shark could have turned around and taken out his achilles or cal

they are scrambling to work forward on the debt crisis both sides nancy pelosi, harry reed, mitch mcconnell, all three are expected to be in attendance for a resolution. >> a town house fire. full details coming up. >> a quick look at walnut creek a little bit of haze. but not bad. >> a bay area letter carrier to keep the to work and actually fought the fire. this was in santa clara he saw black smoke. two children and a baby sitter broadside. the recession that increasthey werea decreaa creasa fire that was crd by oil perhaps in the kitchen. >> i went in to the kitchen. it capped flaring up. and it kept flaring up. and i could not believe in it. after remember watching the movie " backdraft ". i could not believe it and it was a little bit scary. >> the firefighters are of right and everybody evacuate it. the action continued his mail route. after the firefighters arrived. >> san francisco a and will join other leaders on a new library branch at third avenue including artwork, cardcourtyard, and studying space and other community space. trying to upgrade, replaced branch libraries paid by

senator charles schumer says the plan by majority leader harry reed has the best chance of passing.nd levy no new taxes. >>> stay tuned there. >>> house minority leader nancy pelosi wants an ethics investigation of an oregon congressman. democrat david wu is accused of making inappropriate sexual advances toward a young woman. >>> and some san francisco muni riders will get free fares. it all starts today. members of african-american churches will be on muni platforms paying fares for those who can't afford to. this follows a fatal shooting involving a passenger and police who are checking for fare jumpers at the time. >>> we got your traffic and your weather for this monday, coming up. right after this. so stay right there. ,,,,,, naturals from delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life. so we made ocean spray cranberry juice cocktail with a splash of lime. it's so refreshing, your taste buds will thank you. mm... oh, you're welcome. what? my taste buds -- they're thanking me. uh-huh. >>> good morning,

harry reed confronted white house budget directer during a thursday afternoon meeting about secret talks on deficit reduction deal between the president and speaker, i'm the senator majority leader, why don't i know about this deal? according to a lawmaker who witnessed the exchange. he shot back, if there's a deal, then the president doesn't know about it, the vice president doesn't know about it, and i don't know about it. an aid confirmed the exchange took place. here's a picture of harry reed on the phone looking towards the white house on thursday before a democratic caucus luncheon. this time barbara of maryland, tensions between obama and allies brought to surface. one after another, senators john f. kerry and cantwell of washington demand lew explain what the president was doing. the american people were with them on tax increases for the rich and the notion of "shared sacrifice" why give up now? why cut a deal without guarantees of new tax revenues? for 45 minutes, the cross-examination went on. when lew left, they turned to the colleagues and said, "i haven't hen a meeting like

harry reed planned a weekend session to work on the issues so they don't have to go to work.e also got word that your house democrats cancelled a news conference. has your side been told hey, turn the volume down. let the president and speaker boehner continue to talk in private. and would you expect them to reach an agreement possibly as early as this weekend? >> brooke, i don't think anyone has been told to turn the volume down, but it makes sense to spend this weekend allowing those conversations to continue. as you know, the president has had different groups of congressional leaders down in the white house. everyone is working overtime to try to put cork a deal. but it's not a deal yet. not by a long shot. everyone will be working overtime this weekend to try and wrap it up. >> so working overtime this weekend, but we might have a deal by the end of the weekend, sir? >> well, that would be the hope. but again, there's still a whole lot of woos hands. these aren't necessarily small high tems. they're big issues. the bomb line the president laid out today was america plays

. >> by the way, harry reed, mitch mcconnell and john boehner are trying to work together to divert aatastrophe. michael steele, you can admire what the tea party members are doing in the house of representatives. they are small government conservatives. i'm excited about that. but we are a week away from a catastrophic debate. anybody that doesn't believe a default will cause an economic crash and there are a few people out there. not only are they unfit to serve in congress, but they are unfit to handle lawn equipment. this is a -- >> that's the point joe. they have the lawn equipment and they are cutting the grass real short right now and they need to. i get the whole washington game here. people want to get up to the crisis. we have to capitulate to go back to status quo. do business in town like they have done it. you are going to put it off into the future. we are not going to make real cuts today. we have a body of individuals saying this is the bright line. judge us how we approach the line and what we do facing the situation. you have to admire them for that. >> certainly, we

>> but keep in mind, first of all, the house did pass a bill and it's sitting on harry's reed disk calledid really wanted to do something, he'd act on that. finally, you know, take it off ice and vote on that but also the president of the united states had a chance to seal the deal on sunday. harry reid agreed to john boehner bill. mitch mcconnell was on board. those three guys said, ok, we've got a deal. crisis averted. this is last monday but the president said no, it's short term deal. i'm not going to go along with that. what's going to happen today? they're going to meet at 10:00 in the morning, apparently overnight, the house has been tweaking the current bill. there will be apparently some more cuts to pell grants, undoing defense cuts and reformulating the balanced budget amendment trying to make it a little more attractive to a number of those tea party freshmen. >> big number this morning, five. only five days left until this debt crisis. >> they'll solve it. >> until tuesday. >> i thought you were going to say the 12 days of christmas. >> it could be if you wrap that up and thi

consider the last resort plan conceived by senator mitch mcconnell, now known as the reed-mcconnell plan, which harry reid's involvement has made it the only bipartisan effort that's making any progress. the reid-mcconnell plan would raise the debt ceiling to $2.5 trillion in three increments. in each increment, congress could vote on a resolution of disapproval of raising the debt ceiling. mcconnell is hoping that that vote of disapproval, which would probably pass both in the house and the senate would allow republicans to blame the president for raising the debt ceiling, because all the president has to do to raise the debt ceiling is simply veto the disapproval resolution. in mcconnell's original draft of the plan, no spending cuts would be required. now they are negotiating the possibility of attaching a $1.5 trillion package of cuts to the reid-mcconnell plan and creating a congressional committee to deliver deficit reduction recommendations to congress by year's end. joining me now, founder and president on the center of policy priorities, bob greenstein, the recipient of the 2010 monahan priz

mitch mcconnell is fine-tuning with mary reed to allow the -- harry reid to allow the president to raise debt ceiling three times for $2.5 trillion. allow republicans who oppose to vote in disapproval each time. it includes $1.5 trillion in spending cuts and creates a new congressional committee looking in to how to cut trillions more. mcconnell continues pressing for bolder change but is losing hope. >> the republicans are trying to persuade the president of the need for a course correction. but weeks of negotiations have shown his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> reporter: reid says lawmakers must find a solution. >> we'll stay in session every day, saturday and sunday until congress passes legislation to prevent the united states from defaulting on negotiation. >> reporter: in chicago, key ally expressed support for the mcconnell-reid plan. >> more work to be done. joint committee can tackle it but it's responsible way out of the crisis. >> reporter: lindsey graham favors constitutional amendment but there isn't enou

harry reid just said, he's starting the clock. let's get the panel in here. jennifer from "the washington post," reed wilson and mike viqueira. n the clock with what harry reid started today? >> he has to bring up his bill. hasn't start it, starting a clock lasts three days. take us well into the weekend. >> doing it today. voted maybe sunday night? >> right, by moving this bill. he hasn't technically moved it. depending on the road blocks put up. everybody looks to objecting to unanimous consent and not get unanimous consent. his bill isn't going to pass. >> some essence will be agreed upon at some point. >> all they'll have, behind the scene, go through a lengthy floor process? i have a hard time imagining that happening. >> before i move on to the house, explain if -- if boehner doesn't pass his bill today, can that speed up the clock in the senate? does then reid -- >> no. because they were going to use mumbo jumbo, rigmarole and take a bill, take boehner's bill, stick it on something else and more or less symbolically vote down boehner's bill. doesn't do anything procedural. >> jennifer, a game of leverage. right? boehner

i think harry reid has a little bit of dusting off to do as well. >> msnbc contributor joy-ann reed and eric dyson. thanks to both of you for joining me tonight. i appreciate it. >> thank you. >> thank you. >> coming up, can this compromise finally be reached? you're watching msnbc, the place for politics. >>> welcome back. at this hour, we know a vote on the debt limit will be held in the senate tomorrow afternoon. tomorrow afternoon at 1:00 p.m. joining me again is democratic strategist krystal ball, and now i also want to introduce to the conversation, norman goldman, host of the nationally syndicated "norman goldman radio show," and he's also an attorney. so norm, you are an attorney, as i just said. we've been talking tonight about the 14th amendment option. explain the constitutionality of that and if it really is viable and something the president should consider. >> well, thomas, fortunately, for the last 220-odd years, we haven't had to confront this problem, but now that we're here, the constitution is pretty explicit in giving congress lots of power to pay bills, to coin mone

if you're interested in following them coming here is senator harry reid's twitter -- following them, he here is senator reed'stter page. you can follow eric cantor, nancy pelosi, john boehner, etc. caller: good morning. when i receive e-mail from the democratic party for donations, i do not see a seal on there. i am afraid to give money out. i might be giving it to the tea party or something. i'm a senior citizen. i have trouble breathing, so i can't do a lot of getting around. i want everybody to know that, in my 60's, i marched against the iraq war. host: before you go, what do you think marching did? did you think that had an impact? caller: i thought it would because so many people marched in so many states, and it did not seem to do anything. know.t we tried to stop the war. we knew it was going to cost a lot of money. my girlfriend has lost -- she never got her money back. host: david in magnolia, texas, you are on the air. caller: i have lived all around the country. now i'm in texas. i think haley -- kay bailey hutchison has the best staff. don did not get the internet till he was six months in office

reed army medical center is closing its doors. >> another day of debt talks in washington. still no plan in place if you ask harryitch mcconnell, there's still hope. the pair had been crafting a potential fall-back plan for weeks in case debt negotiations continue the way they've been. james rosen live with the details. >> reporter: good evening. senator reid and democrats holding firm in their opposition to any short term fix to this looming problem of the united states running out of borrowing power on august 2nd. reid and the other congressional leaders gathered about an hour ago and spent about 50 minutes in the capital office of house speaker boehner. 9 plan says a key aide has been shelfed in lieu of efforts to devise a -- new compromise that could be announced before asian trading markets open late sunday night. republicans are pressing for a short term fix despite 's opposition. one leading democratic senator did agree today that the chances for that happening may be improving. >> perhaps they are. but it would be unfortunate if we missed the opportunity for what the president has tried to do. history is

in the new democratic controlled senate, harry reid has invited his republican counterpart, leader mitch mcconnell to negotiate with him. reed said to a potential showdown vote. it looks like that showdown vote could come as early as sunday. it would have to then get it to the house for approval and then get the president's signature all before tuesday or else the u.s. government will start to default on its debt. we have been keeping our eyes on wall street, the dow jones industrial average has a huge drop. we have a new news about the economy and growth is very sluggish. the u.s. economy grew 1.9% april- june. it had grown at that pace earlier in the year report, in january, figurines and march we're now showing a downgrade showing that the economy only group 0.4%, that is the slowest pace since we came out of the recession. cochran we will keep our eye on wall street. the dow was down 50. other stories we are following, more than one of the people are expected to pay their final respects today to marin county sheriff's deputy jim matheson. a memorial service for the veterans started at 11:00 a.m. in san rafael at the mari

harry reid. meanwhile as they bicker the stock market plummeted. but senator mitch mcconnell said a deal with the republicans and white house could finally be reached. when i greeted senator reed0 minute meeting he was not happy. he simply looked at us. if the answer to a deal, no, there is no deal he went to the floor and made a terse speech. tinged with anger and he did not hear what he wanted to hear in the white house. that doesn't mean we are not closing in on a deal and it could be a formula that has president obama and vice-president biden who is actively involved closing a deal with the republican leaders in congress. >> you have been keeping us comprised of all of the phone calls going on with mr. mcconnell and the president and he was looking for upbeat than mr. reid. >> it was like they were coming from two separate planets describing what happened. president obama called conle early the republican leader in the senate and called him earlier today . mcconnell had two conversations senator biden and after reid come out of the white house. i had to cut a conversation short. they are trying to hammer out a compromise and they are really serious. >> speaking of talks. w