we ll tell you what exactly is happening here a lit later in the show but first to the news live at 5:30 a.m. here at 30 rock. a breakthrough in europe just within the last several hours as leaders agree on a rescue plan to prevent a greek default that could have brought down the continent. the headline in today s wall street journal reads eu forges greek bond deal. it comes at a heavy price. the nuts and bowls of this deal we bring in becky meehan live in london. reporter: the world had been waiting are to it looking to see how europe will get out of this sovereign debt crisis. it s being taken well by the markets because equity markets right around the world are getting a bump up but here are some of the details what s going on. holders of these greek sovereign bond also have to take a 50% haircut as they say basically giving up 50% of the debt they are owed by greece, still we are yet to see the details hammered out.
this morning, because it s your birthday. becky meehan, happy birthday to you. the world markets reacting to that news. thank you very much. the house narrowly passed a bill to keep the government funded through mid-november. the republican-authored measure is expected to set up another showdown which could lead to a government shutdown. they passed along party lines, it increase s funding for disaster relief. it also increases cuts to a controversial alternative energy loan program that gave money to the troubled solar energy company solyndra. senate democrats who wanted more disaster aid and fewer cuts have vowed to reject this measure, leaving open as i said, the possibility of a shutdown if no resolution is reached by next friday. it s scheduled to go out of session today at 1:00 is congress. looks like they ll have to stay longer to iron this one out.