blame. the debt crisis, here you go. the deepening stalemate. president obama reaches out to a new player and the game is you. in norway, breivik s father wish his son would have killed himself rather than slaughter dozens of people. bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs out of money and unable to pay its bills. in washington a stark message is delivered between the president and the speaker of the house. their parties are desperately divided and you and i are about to pay the price. we are covering all of the angles from wall street to the white house. ali velshi getting really creative and looking at the cost americans could face even before time officially runs out. of course, dan lothian with the politics and the posturing. ali, let s start with you. the mar
we are talking about a default on the basis of debts. yes. you are talking two things here. defaulti ining s means that yout pay the amount that is owedç a not the entire amount. there is sufficient amount coming in august to pay the service on the debt. other things that we can t pay like maybe the hundreds of billions of government waste, but we can pay the service on the debt. we don t have to default unless mr. obama and mr. geithner say, hey, i won t pay that. and mr. phillips, the vince cable, the business government cable says that the biggest threat comes from the right-wing nutters in the american congress. is he right? [ laughter ] you know, i haven t heard that one. i have to laugh when i hear a left-wing he is right, isn t he? lunatic in the british government say that. hey, i will put the american economy even as bad as it is now
to tighten this up now. i don t think they have they choice. reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. and not some short-term gimmick. i know the president s worried about this next election. my god. shouldn t we be worried about the country? reporter: speaker boehner told conservatives to be ready to make compromises. if you break it, you own it. reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. the man accused in the massacre and bomb attack in norway, is asking for an open-court hearing so he can
yes. you are talking two things here. defaulti ining s means that yout pay the amount that is owedç a not the entire amount. there is sufficient amount coming in august to pay the service on the debt. other things that we can t pay like maybe the hundreds of billions of government waste, but we can pay the service on the debt. we don t have to default unless mr. obama and mr. geithner say, hey, i won t pay that. and mr. phillips, the vince cable, the business government cable says that the biggest threat comes from the right-wing nutters in the american congress. is he right? [ laughter ] you know, i haven t heard that one. i have to laugh when i hear a left-wing he is right, isn t he? lunatic in the british government say that. hey, i will put the american economy even as bad as it is now up against the british economy and the american way of life up against the british way of the
we re just getting the information in. that means that the players vote will happen later today in more of a formal setting. training camp could start as early as wednesday now, we ve been told. david mattingly has been following this for us. he has been live out of atlanta every day, at least he was last week when those negotiations were taking place. david, did you just get word that something came forward just moments ago? reporter: reading and finding out now is that the nfl players and the owners did come to an agreement in the wee hours of the morning. and, bottom line, they re going to play some football. exactly what the owners were asking for last week when they came out of their meeting and had a 31-0 vote in favor of this agreement. and players still have to vote on this. it s largely looked at as a formality, that it is going to go through. and the fans will only miss, so far, one game this season. the first game of the preseason, which was going to be in canton