hours, 59 minutes left to raise the debt limit before the government runs out of money to pay all its bills. dan reports on what both sides have agreed to so far. after weeks of wrangling and partisan bickering there appears to be new optimism that congressional leaders and the white house are close to resolving the debt ceiling impasse. sources tell abc news that a new option for extending the debt ceiling is being discussed. i m confident and optimistic that we are going to get an agreement in the very near future. in spite of our differences i think we are dealing with reasonable, responsible people that want the crisis to end as quickly as possible and i m confident we will. the latest framework will raise the debt ceiling by $2.4 trillion and guarantee an equal amount of reduction over the next ten years. things looked grim for much of saturday. one proposal would allow it in two stages as the only viable option. we don t have time for delaying tactics. but t
reach an agreement before the deadline. senate majority leader harry reed cancelled an early morning senate vote to allow talks to continue. the count down clock shows two days, 15 hours to raise the debt limb before the government runs out of money to pay all its bills. dan reports on what both sides have agreed to so far. after weeks of rangling and partisan bickering there appears to be new optimism that congressional leaders and the white house are close to resolving the debt ceiling impasse. a new option for extendth debt ceiling is being discussed. i m confident and optimistic that we are going to get an agreement in the very near future. in spite of our differences i think we are dealing with reasonable, responsible people that want the crisis to end as quickly as possible and i m confident we will. the latest framework will raise the debt ceiling by $2.4 trillion and guarantee an equal amount of reduction through the next two years. things looked grim for much
welcome to mornings on 2. it is the last day of the month, unbelievable. sunday, july 31. i m mike mibach. good morning, i m maureen nailer in for claudine wong. good morning to you, it is going to be unseasonably cool, that is how we re going to end the month. the gray sky back with us all the way into the valleys. the marine layer even a little thicker this morning. once the low clouds burn off, we may notice high clouds hang overhead for the afternoon. temperatures very similar to what we felt yesterday. in the extended forecast, your workweek ahead, and the first week of august, going to be unseasonably cool. we ll take a look at what you can expect for sunday, and next week coming up. the fate of the two uc graduates held in iran will be decided within a week. their attorney said he and the two americans presented closing arguments in their defense. the judge then said that the court will announce its verdict within the next seven days. he said he is confident that
[ bleats ] [ male announcer ] bring the fresh flavors of the world right to your table. discover sabra dips. adventure awaits. comments@captioncolorado.comom you re watching cbs5 eyewitness news in high- definition. another court date for two american hiker held captive in iran for two years. the indications they could be released anytime now. significant progress in the debt ceiling debate in a late meeting at the white house. keeping the government from defaulting on its loans. it is a violation. a burglar spree in a quiet bay area neighborhood. at least nine homes hit in a matter of days. the execution he used to get in. i m ann notarangelo. good evening. it is monday in iran and the two american hikers in prison in iran are finally getting their day in court. don knapp shows us there are signs they may be released soon. reporter: the two imprisoned mention have not been seen since february when they last appeared in an iranian court. a woman was releas
around this building. kron4 s reggie kumar joins us live with more on the firefight and the effort to keep those flames from sprouting up again. after battling flames since 1:00 today, firefighters finally managed to put the fire completely out. as you can see behind me, there is still a fire engine on scene. the big concern now, hotspots flaring up overnight. reporter: scorching flames shot several feet into the air for hours. the intense fire created a large plume of thick, black smoke that could be seen for miles. from the north and east bays to sacramento, this is how it looked from sky four. fairfield fire investigators believe the fire was sparked after an employee ignited a plastic bin while working with possibly a torch or welder. they were working with an open flame object around the bins on the outside of the building. as far as i know, this is something in the normal course of their duties. we used water and a light foam all day long on the plastic bins. the