there are some rumors these talks might head to camp david. folks on the hill haven t seen any invitations yet and white house officials tell me there are no plans to move the talks as of right now so we ll have to monitor that. again very heated going into today s talks. thomas? kristen quickly what can you tell us about the warning coming from moody s about the country s credit rating and what may happen? right, thomas us what officials say this underscores the point they ve been making all along essentially they have to get a deal done to raise the debt ceiling by that august 2nd deadline, if they don t there could be dire consequences, if moody s does decide to downgrade the nation s credit rating which has not happened again, it s just a warning but if that does happen some economists said it could impact things like the price of mortgages and car loans so it really could have an impact according to a lot of economists. kristen welker at the white house, thanks so
senator mitch mcconnell. that deal would give the president sole authority and sole responsibility for increasing the nation s debt. some democrats have accused cantor of obstructing progress, and of undercutting his own party leaders. if eric cantor decides everything, i fear we ll be in default. i m glad eric is there, and those who have other opinions, they can keep them to themselves. there are 20 days to go until the government reaches the debt limit that has already been set by congress. for five straight days, the president has been meeting with those congressional leaders, trying to craft a deal. those meetings have been contentious as democrats and republicans passionately put forth their passions. the president is also passionate. he stepped away from the negotiations today for a few minutes to talk to us about what he wants to do for all the people in this country who are struggling. mr. president, you are in a titanic struggle with eric cantor and others o
3 thursday, july 14th.((ad lib st) carjacking 3 3the grand prix is ccming to town. joel d. smmthhwill join us live to tell us how the city is working to make way for the grand prix. anddwe are going to talk to one of the driver s whh will be racing in the baltimore grand prix. right here in ur studio. studio.and ii s a femmle driverr. so we ll ask her how she ended up in such male dominated sport. 3 3 3 first oo fox. a baltimore man carjacks a mother and her babyy.. taking them on a high speed chase through the city with police on theirrtail. pail.it happened late last night aa this gas station along edmonson avenue. pumping gas. when the s - suspect forced his way into her car. you re taking a look at her lexus ow.but because he poman s baby was inside. she off with both of them ect ook inside. itting at least one other car on the way out. a trooper soon spotted them on southbooud on i-95. and a chase began. reaching speeds as high as 100 miles ppr hour. wwile the suspecc
senate. but what would happen if the government defaulted on its loans? would it impact you? interest rates will rise. we ll be back in recession. of course, we already have a 9% plus unemployment rate. we re starting from a weak position. unemployment will rise to the double digits. we ll all pay a very significant price. first the british tabloid hacking scandal catches the attention of law enforcement here in the united states. a source tells cnn the fbi is investigating whether or not journalists working for rupert murdoch s news corporation illegally gained access to phone records of the victims of the september 11th attacks. one alleges that news corporation reporters tried to access phone records using bribes or illegal computer hacking. the new federal investigation comes as murdoch defends his company s handling of the scandal. in an interview with the wall street journal which is part of his media empire, he says that he and his management team have made, quot
good evening. for the fifth time this week, republicans and democrara were squabbling and arguing about what to do, as the clock keeps ticking down. the august 2nd deadline, when america will default on paying its debts to the world, which would cause a body blow to the american economy. the president said today he knows that people are stressed out by thaticking clock, and across the countryrywe heard it. so many people saying, this is exactly the reason they re frustrated with the way washington works. and abc s jim avila starts us off. jim? reporter: diane, wall street is nervous, and it s even worse on main street. the country is watching what their leaders are doing, and, frankly, many feel ashamed. america is in danger of deadbeat stay us s n and americans are not having it. i think it s hugely embarrassing and a great black eye to the united states of america. the good of the country is being held hostage for the interests of a very few. reporter: abc news plac