blame. the debt crisis, here you go. the deepening stalemate. president obama reaches out to a new player and the game is you. in norway, breivik s father wish his son would have killed himself rather than slaughter dozens of people. bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs out of money and unable to pay its bills. in washington a stark message is delivered between the president and the speaker of the house. their parties are desperately divided and you and i are about to pay the price. we are covering all of the angles from wall street to the white house. ali velshi getting really creative and looking at the cost americans could face even before time officially runs out. of course, dan lothian with the politics and the posturing. ali, let s start with you. the mar
is diana magnay. reporter: the death toll has been revised downward and now they re searching the island to try to find out what kind of ammunition he used and what the chronology of events on the island was. as you say, breivik himself is starting his period of solitary confinement. he hasn t seen his son since he was 16 years old. was horrified to hear the news. let s listen to what he said. translator: no, i ll never have more contact with him in my darkest moment. i think rather than killing all those people, he should have taken his own life. reporter: norwegians yesterday had a moment of silence, and last night a huge rose parade through the streets of oslo. more than 200,000 people. this is still a nation in shock and grieving. and, diana, breivik has said that he did not work alone. reporter: that s right. he s been talking about two groups supporting his action and he told the judge presiding over the case. that s the reason why the court was closed so that
live on capitol hill correspondent. you ve been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what s in the latest plan. i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he s saying as afghanistan and iraq wrap up, there s about a trillion dollars in savings. that s kind of controversial, brooke, because republicans don t count that money. but bottom line, $2.7 trillion all in savings cuts. you might like all them. that s what he s saying. he has a longer term committee in here but it would just make recommendations for long-term reform, really would have a vote on that but wouldn t force those reforms to happen. so i want to look at th
expected to roll out a plan to cut spending by $2.7 trillion while raising the debt by 274 trillion. reid s plan would not include tax increases which republicans refuse to consider nor would it touch entitlements. my colleague, dan lothian is watching it all from his post at the white house. dan, what is the president s position first on raising the debt in installments? reporter: he want it is to go through 2012 and there is a sense at the white house and treasury department in particular even if you had some sort of short-term fix that raises the debt ceiling through the rest of this year, that it still may not be enough to cam the jilters of the financial markets, still may not be enough to security aaa credit rating that the u.s. currently has. tt markets, still may not be enough to security aaa credit rating that the u.s. currently has. that is the first concern. secondly, it has been so difficult to get a deal now the white house points out how much more difficult wi
this scene played out across scandinavia earlier today. people pausing to remember the victims of that attack. as norway mourns we are hearing more from people who risked their lives to save others. our cnn s michael holmes caught up with one of them. it s not a huge boat. how many people did you put in here? the first round i believe it was 14. reporter: 14. yes. and then i had to address the oldest one and said you have to stay ashore. i promise i will come back and get you. they respected that. i said, sit down and wait. i went to the mainland. i went back again and they were agreed upon sitting there and i just waved to them like this and they waved back and we made a contact and got them in the boat. well, the clock is ticking on the debt limit crisis. there is no deal, if no deal by august 2nd, that means higher interest rates for you, a financial mess for the country, and the talks over the weekend, well, essentially they didn t go anywhere. so now republic