bipartisan plan would increase the debt limit through the end of next year, beyond the election. cuts and spending caps are still on the table. and house speaker john boehner apparently is planning a conference call sometime soon with house members. so we have up to the minute coverage of what s happening in washington. cnn s kate bolduan is on capitol hill. dan lothian at the white house. let s begin with you, kate. senate leaders in both parties say they are, quote, very close to a deal. we know they are still negotiating. what have you been able to find out about? what is in this framework of this $3 trillion deal? reporter: we don t have specifics of, of course, the final deal because, as they always say, there s no deal until there is a deal. but we are getting some details are emerging of a tentative framework of what the negotiators are talking about. real quick before i get to that, we have i don t know if we actually have the video turned around quite yet. bedid
chancellor. because germany is the predominant engine of the european union. if he is saying that the europeans are relinquishing their responsibilities to try to resolve this sovereign debt crisis he s basically saying, hey germany why are you not stepping up to the plate. jenna: that s why this meeting is so information versus any meeting with any other european country because of the potential responsibility that falls on germany. where does the european debt crisis stand right now when it comes to greece, portugal and spain, some of the names we ve heard. we are closer to seeing one of these sovereign nations default than we ve ever been in this long-running affair. there has been talk this week that greece would be forced to go to private investors and tell them help this to take effectively a haircut on their bonds and obviously the private investors are pushing back and that and saying the remedy should come from government
more. it could even be 8-foot higher, so maybe we won t even have any. we don t know. reporter: as you said half the town has already been evacuated. the missouri river is expected to crest at 5 feet above flood stage in iowa, nebraska and missouri. we ll keep our eye on it for you, guys back over to you. jon: rick folbaum thank you. jenna: we are awaiting the president and the german chancellor to hold a news conference at the white house. topping the agenda is the economy, specifically the economic troubles of several european nations. the president has suggested that the euro zone debt crisis is hindering the u.s. economy. the german leader may tell us to get our financial house in order. bob o brien is a writer here to talk about us. what is that saying those in glass who is dash ash what is that. shouldn t be throwing stones. that s exactly what president obama is doing to the german
what do you think? is that a possibility? the interesting thing is christine has been a very, very ambitious and also very commended woman. she s the first g-8 finance munster. holding the position of french prime minister 2007 and the first chairwoman of bacon mckenzie, the u.s. law firm. she s keeping tight-lipped even if she does have berlusconi s endorsement. that s a different story. we ll talk about that one. let s get to the markets. ims is being watched closely by businesses around the world. the concern here is there s going to be a stalling in stalling out the euro-zone debt crisis. let s take a look at what s
tepco bows out as the world s largest energy company pays a record price. and they double on their market debut. ceo jeff weiner tells us there s no trouble in the media sector. we begin with the former imf managing director, strauss-kahn, who s expected to walk out of jail in a few hours from now, but he will not be a free man. the judge granted him bail on thursday but with strict conditions and a warning. and even as the judge was approving the bail request, grand jury indicted strauss-kahn on multiple felony charges including attempted rape. he s accused of attacking a maid last saturday at a manhattan hotel. he denies it. he has to post a $1 million in cash and a $5 million bond. he also has to agree to a 24-hour confinement and an armed guard at the door. he has to surrender his travel documents and agree to wear a monitoring device. the judge said, quote, we don t want his money. we just want to make sure that he comes back. so the top job of the imf has been v