weekend. markets around the world are falling. this will have a direct effect on your 401(k). i m ali velshi. the norway terror suspect who admits killing 93 on friday is expected to appear in court in the next hour. his lawyers says he ll explain himself. little comfort to a grieving nation trying to make sense of a massacre, on this american morning. good morning. it is monday, july 25th. this is american morning. a lot going on. let s get you right to it. glad you re back. it has been a very, very busy news time. it sure has. while you ve been gone. and they solved the debt crisis while i was away wrong. a new and powerful force is now entering the debt ceiling debate and as christine said it s the financial markets. the most important at this point. that s what it s about. the markets are down overseas in hong kong and japan, they closed down as efforts to reach an agreement in washington over the weekend failed and this morning, with just eight days
down by a man dressed as a police officer. also developing today in washington d.c., we have now just over a week until the government won t be able to pay all of its bills and president obama says he has been left at the altar. yesterday was an extraordinary day in washington d.c. the president and the house speaker in the day by calling each other out in news conferences. also in washington d.c., congress failed to authorize funding for the federal aviation administration. you know the faa? the agency in charge of keeping you and me safe when we fly. thousands of people could now be out of work. officials say this will not threaten your safety if you fly. we will get into all of that from the cnn center. this is your cnn saturday morning for july 23rd. noon in oslo, norway. we need to start with the breaking news out of norway. 91 people are dead at the hands of what may have been a lone gunman. look at the pictures. when i describe this, this may bring to mind memories
press room podium and listen to a tiny bit of what he had to say. it is hard to understand why speaker boehner would walk away from this kind of deal and, frankly, if you look at the commentary out there, there are a lot of republicans that are puzzled as to why it couldn t get done. in the interest of being serious about deficit reduction, i was willing to take a lot of heat from my party up until sometime early today when i couldn t get a phone call returned. my expectation was that speaker boehner was going to be willing to go to his caucus and ask them to do the tough thing but the right thing. i told speaker boehner, i ve told democratic leader nancy pelosi, i ve told harry reid and i ve told mitch mcconnell i want them here at 11:00 tomorrow. these are body blows in d.c. terms and speaker boehner struck back himself about 45 minutes ago. listen to what he said. think refuse to get serious and making the tough choices. it s time to get serious. and i m confident th
or other companies working in libya. but compared to the efforts of other countries, the u.s. has had considerable delays. diana, we ll be watching closely as that ferry get closer. thank you so much. a public union workers in wisconsin, they lose a round in the fight to save their collective bargaining rights. you re hearing cries of shame, shame, shame. overnight, wisconsin s state assembly passed a republican budget cuts bill. now, it stripped most collective bargaining rights from the state s public union. the state still has to vote on it, but the democratic senators have fled to illinois to delay a vote. they say the governor refuses to compromise. governor scott walker, he is threatening to layoff thousands of public workers if this bill
brutal crackdown from protesters inside of that country as various cities have been taken over by opponents in this picture provided by libyan television, we believe there are supporters of moammar gadhafi, but making it very clear to the people in his country he has no intention of stepping down after 42 years in power. that he will fight to the death before he gives up that power. there is progress now in the effort to get americans out of libya. the u.s. scheduled its first chartered flight out of tripoli today and the destination is turkey. evacuees aboard the first u.s. chartered boat, they are set to dock in malta about two hours from now after extensive delays due to some bad weather. diana magna is in malta. she joins is us live. when do we think they re going to arrive? reporter: they re expected to