it s in daily beast and newsweek. thank you for writing it and coming on us w us. you re welcome, alex. we have yet to hear from the white house about the s&p credit rating downgrade, but we ll have more on the potential impact this downgrade may have on the economy and the battle for the white house as well as your wallets. stay with us because you re watching msnbc saturday. discover customersl are getting five percent cashback bonus at the pump. and at many of the places their summer plans take them.
streak, tiger woods returns to the pga tour. in less than five hours he tees off in the bridgestone invitational. congress celebrated its long overdue deal on the debt crisis by racing out of town for summer recess. lost in that cloud of dust, funding for the faa and thousands of workers who now can t be paid. personally, this is devastating. i ve spent i spend most of my day trying to figure out what what can i not ay, what can i pay, where can i get extra cash. we re pretty much going to burn through all of our savings within a monday. athena jones is on capitol hill. the numbers are huge. 4,000 faa workers furloughed and tens of thousands of other workers idle and doesn t include the billions of dollars in tax money that won t be collected. it s not just the thousand of workers who aren t getting a paycheck and therefore not spending their paycheck in this fragile economy. it s the money and tax receipts the government is not going to get and because the two pa
but you won t get away. the video that has everyone talking on this american morning. good morning. it s wednesday, august 3rd. this is american morning. a lot going on today. we should get right to it. yes, we should. isn t the debt deal done? it s not done yet. they have to do the super committee. and decide what they will cut, cut food inspectors, education grants, they are going to cut stuff out of education. at least some of it is done? some of it done. one of the bitter and dangerous debates this recent history is now history. the bill to raise the debt ceiling and cut spending is law. this is a picture of president obama, he signed the bill in private. nobody around him. notice that. he doesn t look very happy either, does he? he called the compromise a first step toward fixing the economy, though, and argued more must be done. this is, however, just the first step. this compromise requires that both parties work together on a larger plan to cut t
9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could see the beginning of the end of the debt crisis. it s been the issue in washington for weeks. and you re probably tired of the finger pointing and doomsday predictions. today, that could all come to an end if the house and senate approve a compromised plan. the deal identifies about $1 trillion in spending cuts over ten years and raises the debt ceiling by about the same amount. bipartisan committee must find ways to trim another trillion a, a so-called deficit posse. the president and house spea
but first, long island s serial killer. that s how we know that we re dealing with a monster, a hannibal lector. beautiful homes, mysterious murders. four of the victims were pound in a burlap type material. larson traces the trail of a serial killer still on the loose. this is babylon, long island. it s an hour s drive away from manhattan and it s known for beautiful million dollar homes and secluded beaches. but that same isolation that people come here to seek, as of late, has been masking a darker element. in december policing on long island make a shocking discovery. i don t think it s a coincidence that four bodies ended up in this area. for the past couple of years, women kept disappearing on long island. now, police think they may know why. we could have a serial killer. we are dealing with a psychotic murderer. police still don t have answers, so we tried to get to the bottom of this eerie mystery. where are we going now, gus? gus, a man neigh