cap and balance bill that died on the senate floor last week. the white house argues politics is playing a major role in this standoff. we started this process 7 months ago. here we are 7 months later. we are running out of runway. i never thought they would take it this close to the edge and let politic get in the way of demonstrating that we ll pay our bills on time. if you look at at rating agencies, what they have said is the reason they question our economy right now and the lone we may get downgraded because they don t have faith this political system of ours can deal in a serious way with the deficit. bill: is that a fact or is that rhetoric? stuart varney, good morning. you have been up all night watching things overseas. reporter: yes, i have. bill: i was told the sky was going to fall. reporter: investors do not like what they see. they think d.c. is playing politics with the nation s financial future. you are right, some people were expecting what i would c
3 3 p0 map &p p baltimore faaher pleeds foo his aby s safe return.his 7-mooth old haa been missiig since friday.this morning, a despprate search continues. megan gilliland iss ere with more on where police believe the aby may be. good mmrning patrice, with parents of little ki yauhn birch are getting ore distraught. they re pleading p-mmnth-old. you got have somee kinda heart.he ain t walling around baltimore city... (tears) the boys fathee. charlie birch. says 16 year old jonae boozer dated one of his friends.he ssys, boozer came by his house oo lyndhurst street friiay night. asking &pforrfood.and when birch wen to get a cigarette. he says boozer took off with his son. she was gone like she just your motive? son, what s - jonae boozer issaablack femmle..around 5 . andd about 155 pounds.she has several piercings on her face. baltimore city police need your help.if yoo have any information, please call detectives att410 396 2100. police say they ve recieved tips suggest
was announced. police in a bay area investigating another murder. the people who live there wonder when the violence will stop. don knapp is in richmond with the climbing crime stats, don? the spike in violence this month alone has prompted a renewed effort to get the violence under control by targeting gang members, the people police believe responsible for the crimes and going after this. a shooting and killing spike has frustrated richmond police in their battle to reduce homocide. just days after announcing a crackdown another shooting saturday night left a 20-year- old dead and a 29-year-old hospitalised with serious injuries. increasing violence in richmond has now claimed 9 lives just this month alone. up until the month of june we had 6 homocide for the year which was, i mean, incredible for a city like this that we have seen multiple homocide over the year so, you know, it s really been disturbing in the last two months the number of homocide we have had. r
maccallum this morning. house republicans get together for a plan similar to the cut, cap and balance bill that died on the senate floor last week. the white house argues politics is playing a major role in this standoff. we started this process 7 months ago. here we are 7 months later. we are running out of runway. i never thought they would take it this close to the edge and let politic get in the way of demonstrating that we ll pay our bills on time. if you look at at rating agencies, what they have said is the reason they question our economy right now and the lone we may get downgraded because they don t have faith this political system of ours can deal in a serious way with the deficit. bill: is that a fact or is that rhetoric? stuart varney, good morning. you have been up all night watching things overseas. reporter: yes, i have. bill: i was told the sky was going to fall. reporter: investors do not like what they see. they think d.c. is playing politics with t
j. powell of the bipartisanship policy center explained why. if we default on a bond, no one knows what would happen it could actually collapse the world financial system as almost happened in 2008. it would make the lehman brothers event potentially look like a tempest in a tea pot. it s not a risk that anybody it the treasury department would ever take and they shouldn t. they could punt these to congress but president obama and geithner will no deal struck august will prove as jay powell told us possibly difficult for the nation s chief executive. back to you. shannon: new details at this hour terror attack in norway. the man suspected in friday s bombing and mass shooting attack confessed and claims he acted along. andres breivik will appear in tomorrow. the death toll is 93. i m shannon bream.