their recovery. in other news now, the senate has agreed to extend the federal payroll tax cut but only for two months instead of a year. the house hasn t scheduled a vote on the measure yet and many house republicans aren t happy with the temporary extension. president barack obama backs the deal, but he s calling on law makers to do more. i m very please ad to see th work the senate has done. while this agreement is for two months, it is my expectation, in fact, it would be inexcusable for congress nigot to further extend this middle classes tax cut for the rest of the year. it should be a formality and hopefully it s done with as little drama as possible when they get back in january. in the meantime, president obama is expected to sign a spending bill passed by the senate today, which will keep the government running through september 30th. you hear the drums, kind of know what s going on. it s the occupy wall street movement, returning at least for one day. today s
looks. all day long the dow headed south until it finally closed down an ugly 266 points. on wall street, 4:00 couldn t come fast enough. we ve had eight straight days of losses, the first time that happened since the global financial meltdown? 2008. it is a scary picture, and we re going to walk you through it all in just a moment. but first a look at the other stories we re drilling down on tonight. it s ramadan in syria. instead of peace, more bloodshed. graphic new images of bodies dumb it ped like garbage as the death toll rises. can the world look the other way? and japan s endless disaster. radiation levels at their highest since the earthquake and tsunami in march. you won t believe what they re testing now. then with grim news on wall street, everybody is talking about transparency. but these folks did something about it, striptease for social protest. the bears rule in more ways than one. now back to the batd news on wall street. we finally get a debt deal