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that transform lathering into lavishing. olay body collections. world news now delivers your morning papers. this is news that i love right here. news out of the sun sentinel. there s nothing iphone or apps don t do these days. there s a new app called near beer. what this thing will do for you a very important development. we ll show you the nearest bars and restaurants that are offering deals on your very favorite beers. and of course you can integrate it with facebook and twitter, let your buddies know where you re at, becece the brewmaster of your neighborhood. whatever beer happens to be your favorite. we looked up some places near the studio here on the upper west side. let us in on the secret? where s the nearest place? we ll know in about five minutes. we ll make a beeline. wherever it is. vererimportant app for all of you tech-savvy alcoholics, you go for it. the next story is amazing out
spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reid s plan can t pass the house, and not only is boehner s plan doomed in the senate, a great many house republicans don t like it either. so what happens now? well, time marches on. a never-before-seen default on u.s. debt and obligations could be just six days away, but potentially just as bad would be a downgrade of debt, and a downgrade that would say we are not reliable as we used to be. that could up the cost for borrowing for all of us. here is richard quest on cnn international, and the smart money still says default will be averted, but downgrade, is it inevitable, are foreign investors alarmed? no, it s not inevitable. nothing is inevitab
folks, it s july 27th. welcome to groundhog day. the only movement is closer to the august 2nd deadline. less than six days the federal government could run out of money and default on its bills. next hour on capitol hill, the doom s day scenario is laid out. executives from credit rating agencies will warn lawmakers of the far-reaching impact of a u.s. downgrade. one debt plan, backed by house speaker john boehner, is yanked from a scheduled vote. the congressional budget office says its savings were overstated and the numbers need to be crunched again. and senate majority leader mitch mcconnell says it s time to accept something less than perfect. joe johns and dan lothian, let s start with joe. how costly is today s delay on the boehner plan and does he even have the support to get it passed in his own house? reporter: kyra, these are both very good questions. on the one hand, he loses a day and there are only six days to go. so that is a big deal. the other thing is tha