portugal, ireland and italy. we haven't got a concrete view yet, main stream view, which will prevail. it's a tense time building up to that thursday meeting. >> steve sedgwick in london, thanks. efforts in washington, d.c. to make a deal on the deficit. both houses of congress now rolling out separate compromise plans in a bid to stave off a u.s. default. senate majority leader harry reid is joining with his republican counterpart, minority leader mitch mcconnell, to craft a solution trying to appeal to both parties. according to reports, though, the proposal would allow the debt ceiling to be raised three times over the next year for a total of $2.5 trillion in exchange some $1.5 trillion in spending cuts would be enacted. and the plan would also establish a congressional committee to identify new deficit cuts. but the proposal is already getting a luke warm response