they also agreed to boost the eu bailout fund to a trillion euros, details still pretty vague. they re requiring european banks to keep more cash reserves as a cushion against losses. so why should americans care? well i mentioned stocks but that is just the start. my colleague alison kosik has a whole lot more from the new york stock exchange. first, catch us up on the markets, both here and abroad. okay. randi, first stocks are at some of their best levels of the session, the dow up 293 points. if you look at this month as a whole, it is shaping up to be among the best ever. the dow is up more than 1,200 points so far for the year and the strongest gains today actually came from overseas, from europe. in paris we saw the paris index rise 6%. in frankfurt we saw a rise of 5%. france and germany have been financing much of the bailouts in europe and you re seeing this rally because this deal winds up sharing the burden, kind of sharing the pain. they re not going to be th
good morning, it s wednesday, october 26th. i m carol costello joining you live from new york. president obama begins his day in denver where he ll spell out his plan to make it easier for student loan borrowers to pay off their enormous debt. he ll explain his plan at the university of colorado-denver campus. the two key points of his proposal, he wants to offer relief sooner by pushing up the start date for an income-based repayment plan passed by congress. it s set to take effect in 2014, but the president wants it to begin in january. the plan reduces to 10% the maximum percentage of income that more than 1 million current students would have to pay toward their loans. they ll also be eligible for loan forgiveness in 20 years instead of 25. the other proposal would offer a small interest rate break for borrowers who consolidate their different types of federal loans. usa today reports the outstanding student loan debt is expected to hit the $1 trillion mark this year.
perry, the texas governor who is running for the gop nomination. not in the newspaper hard copy, a lot of americans get, but in the online edition. he talked about the president and his birth certificate and he said he believes the president was born in the united states, but a little less confident on that birth certificate. of course, released earlier this year by hawaii after a request from the president. he went on in that interview to say i had dinner with donald trump and he doesn t think it was real. trump was flirting with a bid for the gop nomination and part of that was a push for the president to reveal his birth certificate and questions whether the president was born in hawaii. an interview released by cnbc john harwood, their top political guy. here s what perry said, take a listen. my grades ended up on the front page of the newspaper, if we re going to show stuff, let s show stuff. but, look, that s all a distraction. i get it. i m really not worried about t
17,000 people were killed. we are joined live from istanbul. what s the latest? how are rescue efforts going? reporter: yes. well, of course, it s night time now. the earthquake struck, i suppose, at a relatively good time. it struck on a sunday afternoon when people weren t in bed, when people weren t at work, but even then we know the amount of people, still under the rubble, there s a large number, maybe even 400 people still waiting to be rescued. of course that rescue now has to go on by headlight and by generator light. at first there was a mad scramble by the local people to get at the people who were buried under the debris. it is now more organized. rescue teams have come throughout the country. turkey, as you said, is a country that is used to seismic activity. there are people who really know how to do this. but when these things first the happen it is a mad scramble. the turkish prime minister was on the scene. he has just announced in a rather subdued voice the
today i can report that as promised, the rest of our troops in iraq will come home by the end of the year. after nearly nine years, america s war in iraq will be over. over the next two months, our troops in iraq, tens of thousands of them, will pack up their gear and board convoys for the journey home. the last american soldier will cross the border out of iraq with their heads held high, proud of their success, and knowing that the american people stand united in our support for our troops. that is how america s military efforts in iraq will end. but even as we mark this important milestone, we re also moving into a new phase in the relationship between the united states and iraq. it cost the united states a foreign in blood and treasure. thousands of american lives, hundreds of billions of dollars. now after nearly nine years, the end of the iraq war is in sight. the united states and iraq were unable to reach an agreement on immunity for u.s. forces going forward so p