waterloo was very different five decades ago when i was here.ementary school building was much younger then, and i have to admit, so was i. five decades ago. five decades ago when i went to those elementary schools, the halls were literally teeming with young people running up and down the halls, parents who had dreams for their children and for their future, a future with promise, and parents who wanted it filled with even more opportunities than they and my own parents had known. five decades ago, in america, we had less depth than we have today. we had $300 billion or less in debt. a gallon of gasoline was 31 cents, and owning a home was part of the american dream. today, that debt stands at over $14 trillion. i gallon of gas is outrageously expensive. and unfortunately, millions of too many americans know what it is to have a home that is fine for closure. and so those drains our distant for many americans. times have changed here in waterloo, but the people have not. the people still have the same spirit in waterloo that iowans have always

she was born there in waterloo. may have a hometown advantage over other fellow republicans if you look at the polls. we're following the rest of her speech and keep you updated throughout the morning. the opening pel rang 45 minutes ago. let's check the big board. dow industrials up 77 points. >>> last night's b.e.t. awards could have handed out the most uncomfortable moment of the night to one young man or young woman rather. she gets the winner's name wrong, not just once, but twice. we'll explain. (screams) when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investment objectives, risks, charges, expenses and other information. read and consider it carefully before investing. >>> breaking news out of the u.s. supreme court. getting word now that the nation's highest court has decided on whether states can actually ban the sale and rental of violent video games to minors. our senior legal analyst je

waterloo but that's sem mantics. bachmann said she misspoke. that's a big mistake. no retreat, nor is rounder. -- surrender. it's day one. don't show weakness. what on earth are you apologizing for. all you said is you have the same spirit as john wayne gacy and there's something to that because like gacy people might think you are a clown but if they dig a little deeper they'll find you are deadly serious. come on, you are a republican. you don't stumble on facts. you double down. in the only doll you have the spirit of john wayne gacy, you've got the eyes of a young charles manson. [cheers and applause] nation, class action lawsuits are so destructive to our country. they crippled our nation's once thriving asbestos industry. now those pour asbestos ranchers are out of work. and they needed those jobs they have a lot of medical bills to pay. there's a new go liage under assault from a gang of blood thirsty davids and it brings us to tonight's word: too big to nail. wal-mart faces a class action lawsuit from 1.5 mil

she grew up right in this house in downtown waterloo. here with her three brothers until she was 12 years old. >> our family was democrat. i have one republican grandmother. but we were reasonable, fair-minded people, just like all of our neighbors. and it was really a very strong sense of common sense heartland values. that's what i want to take into the white house. that's an kind of sensibility and voice that were never considered spending more money than what we have. >> reporter: bachmann has five biological children and more. >> we were privileged to raise 23 foster children in our home. so you are looking at the old woman in the shoe. >> reporter: bachmann got into politics late. running for state senate in minnesota and then making a successful run for congress in 2006. "nightline" was there. >> i do the housework. i do the cooking. so it all worked out. >> reporter: it was a terrible year for republicans almost everywhere else. but she won that race. and every one since. >> i know you may not see it, carl, but that is a titanium

waterloo was different five decades ago when i grew up here.hat elementary school building was a lot younger and for that matter so was i. five decades ago when i went there to school the halls were teeming with young children who, like me, had dreams of their future. a future with promise and parents who wanted it to be filled with more opportunities than they had. five decades ago america had less debt, in fact our national debt was less than $300 billion. a gallon of gasoline was 31 cents, and owning a home was part of living the american dream. today our debt is over $14 trillion, a gallon of gas is still outrageously high, millions of homes are in foreclosure, and those dreams are distant for many americans. times have changed here in waterloo, but the people still have the same spirit we iowans have come to exemplify. we work hard, we live within our means and we expect to pass on a better life to our children. but our government keeps getting bigger making it tougher for us to pass on that life, causing our jobs to go overseas and spendi

waterloo was very different five decades ago when i was here.t elementary school building was much younger then, and i have to admit, so was i. five decades ago. five decades ago when i went to those elementary schools, the halls were literally teeming with young people running up and down the halls, parents who had dreams for their children and for their future, a future with promise, and parents who wanted it filled with even more opportunities than they and my own parents had known. five decades ago, in america, we had less depth than we have today. we had $300 billion or less in debt. a gallon of gasoline was 31 cents, and owning a home was part of the american dream. today, that debt stands at over $14 trillion. i gallon of gas is outrageously expensive. and unfortunately, millions of too many americans know what it is to have a home that is fine for closure. and so those drains our distant for many americans. times have changed here in waterloo, but the people have not. the people still have the same spirit in waterloo that iowans have alw

and boys, lived in waterloo before his killing spree began. bachmann campaign pushed back saying the actor john wayne's parents did live in waterloo. he never did. so that was probably what the mistake was. >> everyone tries to claim john wayne and ronald reagan, both of whom born and raised in the midwest as their hometown heros. i mean whatever. >> coming up at 7:30, we'll speak to candidate michele bachmann. how does they plan to be more than just spoiler in this race. >>> the floodwaters from the missouri river dangerously close to two nuclear plants in nebraska. brian todd managed to tour one of those stations and will join us live. >> a wildfire moves closer to a government nuclear laboratory in new mexico. officials taking drastic measures to keep the nearby town safe. yoo-hoo. hello. it's water from the drinking fountain at the mall. [ male announcer ] great tasting tap water can now come from any faucet anywhere. introducing the brita bottle with the filter inside. when an investment lacks discipline, it's never this obvious. introduc

she said robert wayne was from waterloo. it was the serial killer robert wayne who lived near waterloo. >>> the other six candidates trailed in the single digits. >>> a fire is threatening the nation's nuclear lab in new mexico. the fire started south of the los alamos nuclear lab and destroyed 30 structures. officials closed the labs as the flamed came close to the lab. the fire danger $30 million in damage destroying hundreds of homes. >>> and in arizona, the largest fire is now 82% contained. the wallow fire has burned 138,000 acres in the northeast part of the state. it started at the end of last month. investigators think it was caused by a campfire. >>> and you tell me what's wrong with this picture when it comes up. you're not supposed to see rainfall as you get into late june, early july. there you go offshore. live storm tracker 2 picking up returns. the showers are in the bay area forecast as we roll into your tuesday. here is the weather system as it stands. you can see it backing up a little bit. looks like march

randall pinkston, cbs news, waterloo, iowa. >>> let's get a check of the bay area headlines. two people are in custody, in connection with a shooting spree which wounded five people in san francisco. witnesses say two groups of people were fighting before gunfire began on saturday night. on market and 7th. police say four of the victims were innocent bystanders. everyone though is expected to recover. investigators believe that the shooting was gang-related. >>> on to san jose, it is the final week on the job for laid-off city workers. in all, 264 people are losing their jobs to reduce the city's budget deficit. some workers packed their belongings on friday. for the rest, including 100 police officers, their final day is this coming friday. and city workers will get to keep their positions, they are taking 10% pay cuts or being moved to lower paying jobs. >>> and a state senator from oakland is introducing a bill that would get rid of capital punishment in california. democrat loni hancock says that the death penalty does not deter crime. and says the expensive legal process

john wayne gacy, who was from chicago, but lived in waterloo for a little while.story will be michele bachmann's waterloo or her winterset. >>> time to talk to our good friend, tim farley, the host of morning briefing on sirius xm. potus. live from washington. >> it's all about jobs today. >> it is all about jobs. it is all about iowa and jobs. the president is going to be in iowa as well, talking about jobs. with a company that's creating them. >> as a matter of fact, it's alc alcoa, he's going to betancourt, his arch program, alliance of manufacturing partners. and sarah palin is in iowa, there for the premiere of her documentary, "undefeated." it's not hers, but about her, the life and times of the former alaska governor. and also on the campaign trail, the former governor of minnesota, tim pawlenty is going to be making his big pitch, speaking to the council on foreign relations on what his advisers are saying is a response to the president's flawed may 19th speech about the middle east. >> what's your sense -- talk about this for a second, the foreign policy

it turns out he's not from waterloo, iowa, but john bean gasey is from waterloo, iowa.erloo, how do you not know that john wayne gasey is also from there? he's pretty notable. the next most famous resident of waterloo is the guy who grew the largest pumpkin at the state bachmann also said our founding fathers fought tirelessly end to slavery, which is not what you might call true. in fact, they had slaves and -- i guess that's why they weren't tired, but -- on "good morning america" today, george stephanopoulos asked michele to clarify that statement, and what an answer she gave. >> do you want to clear up some of your past statements, for example, this year, you said that the founding fathers who wrote the constitution and the declaration of independence worked tirelessly to end slavery. now, with respect, congresswoman, that's just not true. many of them, including jefferson and washington were actually slave owners and slavery didn't end until the civil war. >> what's marvelous that in this country and under our constitution, we have the ability, when we recognize th

you leave here to fly to waterloo, iowa, where you were born, where tomorrow you announce your candidacy for the republican presidential nomination. and iowans awoke to the news this morning that you and mitt romney are the big favorites among iowa caucus goers.

>> she set waterloo to announce her plans for a decisive battle. it's the small town where she was born and her vision is seductive for conservatives in some places to return to america as it used to be. >> we made our own way. we depended on our neighbors, we depended on ourselves. it wasn't our government we depended on for our health because we trusted in god and our neighbors and not in government. >> even friendly fox news questions whether this spirit is a little too free with the facts. she looked aghast at the suggestion. >> are you a flame? -- are you a flake? >> i think that would be insulting to say something like that because i'm a serious person. >> so what did he mean? she said president obama is anti-american, turning the u.s.a. into a third world country and her fellow politicians should be investigated for their anti-americanism. >> i wish the american media would take a great look at the views of the people in congress and find out, are they pro america or anti-america? >> and as part of a movement that reveres american history, s

we need more waterloo. we need more iowa. >> now the big x factor for michele bachmann is sarah palin. whether or not the former governor of alaska gets into this race, she will be here tomorrow night. a lot of people think that perhaps palin is trying to steal some of bachmann's thunder. there is a movie premiere happening in iowa. you might wonder why sarah palin is here for a movie to premier, the movie about her, the film put together by a conservative filmmaker and so it's going to be interesting to watch to see how all of this develops. bachmann responds to some of this pressure that is obviously being put on her campaign by sarah palin and it's going to get interesting, guys. it is very, very early but seeing michele bachmann almost out in front in these polls, that is a huge sign that this is going to be a very eventful campaign, guys. >> come on, jim. you don't think sarah palin showing up for a movie premiere in iowa is meant to -- isn't meant to upstage michele bachmann? come on. >> i didn't say

kelly o'donnell in waterloo, iowa tonight. kelly, thanks. >>> up next here as our broadcast continues, the woman arrested in her own front yard and what happened after a video went viral. [ slap! ] [ pneumatic wrench buzzing ] [ slap! slap! slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium rich tums goes to work in seconds. nothing works faster. ♪ tum tum tum tum tums nothing works faster. finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not caused by a heart valve problem. today we have pradaxa to reduce the risk of a stroke caused by a clot. in a clinical trial, pradaxa 150 mg reduced stroke risk 35% more than warfarin. and with pradaxa, there's no need for those regular blood tests. pradaxa is progress. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding, and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase y

so we're excited to go to waterloo tonight. we have a big event planned in waterloo at the electric park ball room. we're excited. >> schieffer: let's talk about your qualifications. you and mitt romney. you are the darling of the tea party. there's also a big religious vote out in iowa. i think that would probably help you. but beyond that, how are you going to convince republicans that you can run the country with its serious financial problems better than mitt romney who has not only run a state but has been a hugely successful businessman and also has run the olympics? >> well i think a lot of people don't know about me is the fact that my husband and i are both self-made. we came from lower middle-income families. we both workd our way through college. we worked our way through graduate school. i have a law degree but i also have a post doctorate degree in federal tax law from william and mary. i spent my professional life and my scholarly life working on federal tax litigation and the united states a federal tax court. i

randall pinkston, cbs news, waterloo, iowa. >>> and today there is a huge wildfire burning across the mountains just above los alamos, new mexico. and it has now burned 93 square miles. crews are working around the clock. there are flames just across the road from the los alamos national laboratory, where scientists developed the first atomic bomb. lab officials say that no contamination has been released and radioactive materials are currently safe. more than 12,000 people have evacuated their homes. so far, that fire has destroyed 30 structures. >>> coming up, the fda puts the best selling cancer drug under the microscope once again. >>> i never thought in the united states i would have to beg for a drug that's keeping me and many others alive. >> why supporters of avastin will have their work cut out for them. >>> and a -- >> and i -- >> and a frightening fall caught on tape. did the 18-year-old survive this 20-foot drop back east? we'll fill you in next. ,,,,,,,,,, has the average guy on the street ever lifted a gravy stain from an otherwise pristine wall-to-wall? or granted the c

she used her childhood hometown of waterloo to launch her bid and outlined her middle america appeal.where my husband and i who came from very low middle income families worked our way through college, for everything that we have and we were able to succeed in our business and raise a successful family. >> also in iowa today, sarah palin. she'll be on hand for the iowa premier of the documentary about her tenace yur as alaska's governor. pamen has not said we'll she'll run or not. jim joining us by phone. he's in iowa. have you arrived in bettendorf yet? >> i am and my question is is this june 2011 or 2012? iowa is looking very interesting right now. you know, the president is headed to an alcoa factory later today. he's going to talk about manufacturing jobs. the white house and the president's re-election campaign both caution this is an official visit, not a political visit. but the president is in an interesting position because he has all of these republican candidates going after him. the latest being romney, who is saying that morning that the president's policies are putting t

bid for the republican presidential nomination today and she'll do it in the city she was born, waterloo, iowa. the des moines register poll, former massachusetts governor mitt romney came in first by over one point over bachmann. businessman herman cain came in third. tara mergener is in washington. good morning to you. >> bachmann is kicking off in her campaign in familiar territory and on the heels of encouraging news. michele bachmann is hoping her hometown roots will help steer her to the white house. >> everything i needed to know i learned in iowa. >> reporter: this morning the minnesota congresswoman officially kicks off her campaign for the republican presidential nomination with a rally in waterloo, iowa, her birthplace. "the des moines register" released a poll showing her neck in neck with former massachusetts governor mitt romney among likely caucus goers. >> you may have heard there's a straw poll coming up in august. that's not a small deal. that's a big deal. >> reporter: analysts say bachmann's bid is a critical test to see how far the tea party movement can go. the cong

. >>> congresswoman michele bachmann is in waterloo, iowa, this morning, the place where he was born. a tea party favorite, bachmann has gone back to her roots to announce that she's running for the president. numbers.enenuraging poll jonathan karl reports from waterloo. >> reporter: in the political world, she's the woman of the moment. at top of the polls in iowa. >> president obama is a one-term president. >> reporter: coming off a presidential debate earlier this month where she outshined the more experienced candidates, bachmann has just been dubbed "queen of the team party" by the conservative "weekly standard" magazine. suddenly, the congresswoman from minnesota once seen as something of a fringngcandidate has emerged as the person to beat, especially in the critical first caucus state of iowa -- the place where she was born. how big a deal is that poll? "the des moines register" has you tied for first place. >> it is a very nice welcome home gift, let me tell you. we are excited. we had heard wonderful things on the ground, and this confirmed what we were hearing. >> reporter:

kicking off her campaign in waterloo, iowa, the tea party's favorite is quickly moving up the polls. what are her chances of defeating the rest of the field and taking on president obama next fall? for answers we turn now to our national political report are for "the washington post." thank you very much indeed for joining us. now, if you were a betting woman, how likely is it that michele bachmann will be the next president? >> you know, i think at this point it is probably pretty unlikely that she will be the next president. but what is very likely is that her entry into this republican field is going to sort of change the dynamic of the republican field. traditionally republican nomination races have been sort of orderly processes. the establishment settles on a candidate pretty early, there's always a challenge, but that establishment candidate ultimately gets the nod. this time around, a lot of people think it may not work that way in part because the field itself has been so big and so many people getting in and out, but in part because of the tea party movement in america, and

she said that she had the same spirit as waterloo native john wayne. actor is actually from winterset iowa. serial killer john wayne gacy is from waterloo. >>> fire officials in new mexico say today is a make-or- break day for a wildfire that is threatening a government nuclear facility. officials at the los alamos national laboratory in new mexico say radioactive materials at the lab are safe and no contamination has been released. the fire has now spread over 93 square miles and is burning near the edge of the lab. authorities warn that the fire could triple in size in the next few days. >>> the subject of wildfires brings us to tonight's "good question." danny richards wants to know, are inmates still used to fight fires in california? here's ken bastida. >> reporter: it is some of the toughest most dangerous work around. >> fires can be gone up to 21 days or more in some cases. they are living out in the outdoors. they are exposed to all kinds of environmental hazards such as heat and bees and falling trees. it is very dangerous work out there. and

she will be in waterloo, iowa. she was born in waterloo. it's not a big surprise, but today she will be -- you mentioned the polling in iowa which indicated she was neck and neck pretty much statistically with mitt romney, who is the frontrunner right now in the republican party. fascinate i fascinating. the other big story is president barack obama today meets separately with the majority leader of the house. senator harry reid this morning, and then the minority leader mitch mcconnell this evening, and that will be the story we're watching closely for the president and his personal interest in what is taking place in the deficit talks. >> we got a little over a month before we run out of money. august is the date that the treasury secretary says we're in trouble. we're not moving closer to an groemt on raising the debt ceiling. we seem to be moving apart. your sense of it, attorney general? are we moving closer to a deal? >> listening to the different people talk about it yesterday, it's hard to tell if there's going to be any movement. a

she was born and spent her childhood here in waterloo. and at a party on the eve of her announcement she got a hometown welcome. >> in my heart, this was home. >> reporter: but her early rise in the polls suggest she's striking a chord with people who are sick of washington. voters like linda zermeno say it's more about who she is than where she was born. >> and i believe she says what she means and she'll do what she says. >> reporter: in an interview with cbs news, bachmann describes herself the same way. >> people are really tired of politicians. they're very tired of it. they want real results. and they also are tired of being told things that aren't so. >> reporter: but critics say she isn't as forthcoming as she says and at times yesterday she stonewalled bob schieffer on "face the nation." >> so a person who may have been on the record as saying he favored same-sex marriage, you wouldn't disqualify that person for nominating them to the supreme court? >> my primary test will be the constitution. they need to be a strong constitutio

yeah well bachmann's right john wayne was one of waterloo's most famous citizens but it wasn't the john wayne who was the cape brought american boy actor instead it was john wayne gacy the american serial killer who raped and murdered thirty three little boys and buried many of them under his house who claim bachmann claims to share a spirit that explains a lot. coming up time is seriously money terms of the debt ceiling is there any flicker of light at the end of our nation's gloomy economic. let's not forget that we had an apartheid regime right. i think they wanted well. we're never going to says further safe get ready because their freedom. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear see some other part of it and realized everything you thought you don't i'm sorry this is the. president obama injected himself into the debt limit ago she ations today a few days after house majority leader eric cantor stepped away from the table because democrats wanted to eliminate the tax break for corporate jets with ca

and the only john wayne who's ever been in waterloo is john wayne gacy the serial killer so i don't know i just maybe like this organization part of a team like nobody requesting artists rights to me as a reminder that she's an american girl she just keeps forgetting things. you know especially important to. point out to them that's only of years far liz mair pointed out to you that that song appears in the movie science of the lambs right before the girl gets got to know maybe it's like a serial killer truman not a not well i'm just saying maybe it's for shadowing for when the g.o.p. gives it x. i don't know that it's just dirt which are annoying and creepy let's. read the next story of barely twenty two states are now considering legislation to ban indoor tanning for people that are under eighteen even with parental consent and of course there are a lot of bad effects from tanning here's a clip that shows some of them indoor tanning before age thirty five raises the risk for melanoma the deadliest form of skin cancer by seventy five percent the indoor tanning association maintains

to be a marine who never served in the military she was trying to cozy up to here never lived in waterloo but. serial killer john wayne gacy did. get to this time all right now there's nothing wrong with not knowing the details of american history one quiz that i mean i'm not trying to set that as the standard here but that there is something seriously wrong with these women who can't seem to tell when maybe they forgot the details and are just kind of making it up this is not acceptable for someone with a finger on the button and trust me i'm not being massaged in a secure massage in a secure i would really love to see a woman president and is looking crazy is hillary clinton is she doesn't have the not knowing what you don't know proper on palin and bachmann may be very well intentioned but they simply don't have the basic skills that hillary has if only she would occasionally use them for something other than clearing the way for lady gaga and world war three now as for bachmann's intentions well like so many her actions don't seem to come close to living up to her to tea party rhetori

to make her announcement bachmann chose the city where she was born, waterloo. in the state with the nation's first presidential contest. iowa. >> my name is michele bachmann. i stand here in the midst of many friends and many family members to announce formally my candidacy for president of the united states. ( cheers and applause ) >> woodruff: at 55, the third- term congresswoman from next door minnesota has made an outspoken name for herself. she's aggressively opposed president obama over health care reform and economic policy. as she did again today. >> in february, 2009, president obama was very confident that his economic policies would turn the country around within a year. he said-- and i quote-- a year from now, i think people are going to see that we're starting to make some progress. if i don't have this done in three years, then there's going to be a one-term proposition. well, mr. president, your policies haven't worked. spending our way out of the recession hasn't worked. and so, mr. president, we take you at your word. od>> woruff: the mother of

especially today in waterloo, iowa. abc's john karl was there. >> oh, it's so nice to see you. >> reporter: michele bachmann is taking iowa by storm. making it official -- with the kind of feistiness that has made her a tea party hero. >> we cannot afford four more years of barack obama. >> reporter: once considered a fringe candidate, bachmann starts as the front-runner in the critical first-in-the-nation caucus state of iowa. bachmann has something of a home-field advantage in iowa. she grew up right here in this house in downtown waterloo, living here with her three brothers until she was 12 years old. brags about being an uncompromising conservative. she tells us she has a titanium spine. now, is there some suggestion, all those other republicans running don't have a titanium spine? >> all i know is i have one. i have a titanium spine. i've taken on not only the opposing party but i've taken on my own party many times as well because i stand for principle. >> reporter: mike murphy, a republican consultant, said that

minnesota congresswoman michele bachmann formally announced her candidacy in her hometown of waterloo yesterday. this morning she's getting heat for mistakenly saying actor john wayne is from waterloo when it was actually serial killer john wainages city who lived there. >> john wayne's parents first home was in waterloo, iowa, and he was from iowa. and of course the main point that i was making are the sensibilities of john wayne which is patriotism, love of country. >> reporter: another potential gop candidate former alaska governor sarah palin is also in iowa today. she and her husband are going to a premier of a documentary that pays tribute to her political career called the undefeated. the state's closely watched ames straw poll is just six weeks away. reporting live from washington d.c., allison burns, ktvu channel 2 news. >>> new details are emerging about notorious boston mobster james whitety bulger including a bay area connection. newly released court records shows he stashed hundreds of thousands of dollars in the walls of an apartment in santa monica where he was captured

. >>> congresswoman michele bachmann returns to her birth place of waterloo, iowa, today to kick offher presidential campaign. a new poll of likely iowa voters finds bachmann tied with mitt romney at the top. bachmann says she's got nothing personal against president obama but says he's just wrong on his policies for america. >>> the president re-enters the battle over the federal debt today with high-level meetings at the white house. mr. obama meets with senate democratic leaders this morning and later with top republicans in the senate. the president is trying to push talks forward before the nation's borrowing exceeds its $14.3 trillion limit in early august. >>> lots of color on the streets of new york. >> yes. >> new york's annual gay pride parade took on new meaning this weekend after passage of a bill allowing same-sex couples to get married. >> quite the celebration in the streets of new york. the star of the parade was new york's governor andrew cuomo, who fought for the bill in the republican-led senate. cuomo says new york is a beacon for other states. >> i believe new yo

. >> bachmann plans to announce her candidacy officially in her hometown of waterloo iowa this morninghen she plans to shift her focus to new hampshire and south carolina. two other states that help narrow the presidential field. tea party favorite is urging her supporters to keep that momentum going. >> you may have heard there is a straw poll coming up in august, that is not a small deal that is a big deal. >>> bachmann says there is nothing personal in her effort to unseat president barack obama but she feels the president is quote, just wrong on his policies for america. >>> good morning everyone, just getting up on this monday morning, low clouds, extending over the bay right now looks like fog will retreat back toward the coastline that is looking pretty normal but we have a chance for rain in the forecast. maybe not so normal. still today, i think we will stay dry so areas of fog this morning that should give way to sunshine in the afternoon most spots right out toward the coastline patchy fog will continue warmer temperatures 70s and 80s inland as we head in toward the next day

for the white house minnesota representative michelle bachmann plans to announce her candidacy in waterloo iowa. she said there is nothing personal in her effort to unseat president barack obama but feels he is just wrong on his policies for america. >> would you wish you put it a did i have aren't way when you said he had anti american views. >> sure there is a whole lot of things i wish i would have said differently of course. >> a new straw poll finds her at the top of the republican field. >>> a debt show down on capital hill, president obama will meet with senate leaders to tackle the federal deficit pressure is mounting with an august 2nd deadline to increase the federal debt ceiling or face possible default on debt obligations democrats want an approach that makes spending cuts but also ends tax breaks republicans say any increased tax burden will slow the economic recovery. >>> help wanted, facebook why the social network hired a hacker. >> piece of music history sold to the highest bidder how much someone paid for michael jackson's red jacket from his video thriller. ,,,,,, i know

. >> reporter: michele bachmann was expected to do well, born here in waterloo. >> it's wonderful to be in iowa. >> reporter: the poll showing her at the top of the field with governor mitt romney before she's even started her campaign in earnest is a boost. the question is whether this queen have the tea party can attract a wide base of support across the republican party. >> we're gratified. we know it's a long road ahead, a marathon, not a sprint. >> reporter: a stop on "face the nation," she continues to blame the economic troubles on the president. >> this is the obama deficit, the obama debt, due to obama spending. >> reporter: the former tax attorney says she won't vote to raise the debt limit, saying that dire economic predictions for failing to do so are scare tactics. >> i am not willing to vote to let the government continue to borrow money that we don't have, and put us in a worse situation. one year from now we'll be having the same conversation. >> reporter: the mother of five who also helped raise 23 foster children, her frustration with local education policy led her

. >> reporter: she announced her candidacy at her hometown, waterloo, iowa. about the economy. >> i think that americans agree that our country is imparallel today and we need to act with urgency in order to save it. >> reporter: and now she made that announcement after the iowa poll that put her neck and neck with the front runner, mitt romney. it is held here early next year, the first major events of the presidential campaign. and the win could make them a major contender. >> the congresswoman is playing up her tea party roots, to help make it a national name. some undecided voters like what she stands for. >> i like her values. i think that she doesn't seem to switch. she is a fighter. and that she is a thinker. i like her idea of representing the people, us. >> she has an uphill crowd. you can see one big hurdle. >> congress has done nothing, you know? and that will hurt a little bit. >> despite her big splash and good early polls, the caucuses are still seven months away. randall pinkston, cbs news, waterloo, iowa. >> they found her guilty of corruption

host: waterloo was also used by columnist for "usa today." do not let wars become your waterloo.t is not his war but it may be his waterloo. he has dramatically increase the number of u.s. troops in afghanistan, spent billions of dollars rebuilding the country. if you think that is left-wing heresy, consider this. the los angeles mayor backed a call from a group of mayors -- the president should avoid a political trap much like waterloo. what is your message to the president about the proper level of troops in afghanistan? in that, a democrat from kansas, is up next. caller: one of the things i have been looking out for days is that number one, they are not going to let this president carry out his plan. if they had let him do that, all this hear what have come to a head before it would of been more easy to do. that is number one. then senators and house representatives want to cut everything, but they never mention about cutting their salary, now one time. they are not cutting their salaries and not one time. they should take some of their salary to help with that debt and defic

clown serial killer, bachmann's campaign told "washington times" john wayne's parents did live in waterloo so it turned out to be a cheap shot, unlike the shot from the head cam, this is the camera's view of bachmann. this is bachmann's view of the headcam. jeannie moos, cnn, new york. >> that's it for me. for our international viewers "world report" is next. in the u.s., "john king usa" starts right now. >>> the president takes a personal role tonight in negotiations aimed at keeping the government from defaulting on its loans. we begin with the latest official entry into the 2012 presidential race. -- captions by vitac -- www.vitac.com >>> i want my candidacy for presidency of the united states when we the people of the united states stand for independence from the government that has gotten too big and spends too much and has taken away too much of our liberties. >> to liberals, michele bachmann is a white ring extremist who plays loose with the facts. to tea party activists, she is a hero willing to stand up not just to the obama agenda but her own party's leadership. like her or not,