we re watching the breaking news on the floor of the united states senate right now. we re watching and they re close to a deal. close but not there yet. in the meantime, there are some procedural votes under way on the floor of the united states senate. we want to welcome our viewers here in the united states and around the world. i m wolf blitzer reporting from washington. gloria borger, our chief political analyst, is here as well. we have our correspondents standing by on capitol hill as well as over at the white house. but gloria, let s set the scene right now. just saw live here on cnn an extraordinary exchange between senator dick durbin, the democrat from illinois, been a majority whip, the number two democrat in the united states senate, and john mccain, a republican senator from arizona. he was the republican presidential candidate back in 2008. and it was a perfect way to set the scene for this debate that s unfolding, the stakes, the economic stakes for the unite
after a recession that stole 8 million jobs, this is going take some time. gm and chrysler went through painful restructurings. ones that required enormous sacrifices on the part of all involved. many believed this was a full one year later the outlook is very different. in fact the industry is recovering at a pace few thought possible. new york city this week addressed an audience that included leaders in the financial industry and i call today are reforms to hold wall street accountable and to protect consumers. these would put an end once and for all to taxpayer bailouts and bring greater transparency to complex financial dealings and empower ordinary consumers around share holders in our financial system. when governments comes in and decides who the winners and losers are and there is no recourse. that is what happened to 3400
after a recession that stole 8 million jobs, this is going take some time. gm and chrysler went through painful restructurings. ones that required enormous sacrifices on the part of all involved. many believed this was a full one year later the outlook is very different. in fact the industry is recovering at a pace few thought possible. new york city this week addressed an audience that included leaders in the financial industry and i call today are reforms to hold wall street accountable and to protect consumers. these would put an end once and for all to taxpayer bailouts and bring greater transparency to complex financial dealings and empower ordinary consumers around share holders in our financial system. when governments comes in and decides who the winners and losers are and there is no recourse. that is what happened to 3400
after a recession that stole 8 million jobs, this is going take some time. gm and chrysler went through painful restructurings. ones that required enormous sacrifices on the part of all involved. many believed this was a full one year later the outlook is very different. in fact the industry is recovering at a pace few thought possible. new york city this week addressed an audience that included leaders in the financial industry and i call today are reforms to hold wall street accountable and to protect consumers. these would put an end once and for all to taxpayer bailouts and bring greater transparency to complex financial dealings and empower ordinary consumers around share holders in our financial system. when governments comes in and decides who the winners and losers are and there is no recourse. that is what happened to 3400