on this debate before it s too late. and a disturbing new study revealing a widening gap between minorities and the wealthiest americans in the wake of a devastating recession. i m wolf blitzer here in the situation room. first to what many say is shaping up to be an economic disaster of nearly unprecedented proportions if congress doesn t break the deadlock and agree on a deal to raise the debt ceiling only six days from now. the white house warning today there s no more wiggle room and beyond that date, quote, we lose our capacity to borrow. if that happens, interest rates could go up, the value of the dollar could go down. individual mortgages, car loans, student loans, and a lot more could likely suffer significantly, becoming more significant. some financial analysts are even warning of a potential stock market crash. all of that could push the united states into another great recession. let s go straight to capitol hill. our congressional correspondent kate baldwin is j
word. the truth is that the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. as makeshift memorials spring up across norway, police and the public are searching for answers to friday s deadly attacks. the lawyer and suspect, anders breivik, the lawyer said his client is in insane. the suspect s father, who doesn t want to be identified, agrees. translator: no, i ll never have more contact with him in my darkest moments i think rather than killing all those people, he should have taken his own life. those are strong words from a father. translator: they are, punish thinking abo but thinking about what has happened, i still don t understand. no normal human being would do something like that. money from a u.s. defense contract is now in the hands of the taliban. the a u.s. military task force now believes that part of a $2 billion contract for troops transportation was diverted through a network of afr
quiver. this is the ultimate point of leverage. that s why there has been a stalemate. republicans said if we cave on this we ll never get serious about spending. but right now it take the president to sign this bill. i don t think he will sign a bill with big spending cuts. bill: this is what causes people to wobble on this. they have been told in the past the sky is going to fall and the markets haven t budged despite what s & p and moody s did. that s because the biggest lie in this whole debate has been the united states is going default on its debt. i ll tell you this point blank with 100% certainty. there will not be a default on you have st. securities because the federal government has the money to pay the bondholders. we take in $200 billion in cash everybody month. the interest on the debt is $25
the opposition will ask a lot and i remember being at the fox debate in greenville, south carolina, on may 5th, and, there were trackers there, from the center for american progress, a liberal think tank and they walked around asking candidates what they think of sharia law and the candidate may have been talking about jobs but they brought up sharia law and is something they want to use against republicans. bill: he has an interesting background and knows the pizza business, quite well and, that propelled him onto the national stage and we ll see where it goes. byron, thank you. thank you, bill. bill:. in washington. jamie: we re tracking a dangerous heat wave, that is now spreading across our country. states from texas to michigan, getting hit with triple-digit temperatures. and, it doesn t seem to be there doesn t seem to be any end in sight, cities opening cooling centers and warning residents to be aware of signs of heat stroke. sweating, pale skin, a rapid weak pulse, and,
walked around asking candidates what they think of sharia law and the candidate may have been talking about jobs but they brought up sharia law and is something they want to use against republicans. bill: he has an interesting background and knows the pizza business, quite well and, that propelled him onto the national stage and we ll see where it goes. byron, thank you. thank you, bill. bill:. in washington. jamie: we re tracking a dangerous heat wave, that is now spreading across our country. states from texas to michigan, getting hit with triple-digit temperatures. and, it doesn t seem to be there doesn t seem to be any end in sight, cities opening cooling centers and warning residents to be aware of signs of heat stroke. sweating, pale skin, a rapid weak pulse, and, people generally don t they really feel bad. that complaining of dizziness, weakness and lightheadedness and may even exhibit signs of