happen. reporter: president obama still wants the wealthiest americans to pitch in but harry reid s new proposal calls for a one-time increase of the debt limit through 2012, $2.7 trillion in spending cuts and no new taxes. republicans are pushing a two- step process, raise the debt limit enough to last through the rest of this year then form a joint committee to tackle a second increase and more spending cuts. it is not clear if either plan has enough support to pass both houses but president obama has vowed to veto any plan to raise the debt ceiling in two ways. there are real consequences if a deal isn t reached by next tuesday. the value of the u.s. dollar could take a hit and the government may not be able to pay its bills. the president urged americans to get involved. if you believe we can solve this problem through compromise, send that message. reporter: both parties insist the country will not default on its loans. danielle nottingham, cbs news, washington.
either brilliant and you ve thought of soething that nobody else could think of or you re a fool and wasting your time because there s no story. in the end, when did you start to see a story that had never been told? well, i started going down, brian, to hyde park, tothe roosevelt archives. i stared virtually from ground zero. as i srted through papers of george marshall d bill donovan and f.d.r. s paper, i realizized there was a lot of untold stories. let s pick one of those names, bill donovan. who was he? bill donovan was an authentic hero of world war i, a congressional medal of honor winner, subsequently a vastly successful wall street lawyer. now, he becomes, in effect, the first head of a central intelligence agency in the united states. franklin roosevelt appoints him in the summer of 1941 as what eventually becomes the office of strategic services. kind of a strange choice because donovan was a staunch republican, had run for governor of new york on an anti-r