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CNNW CNN Saturday Morning July 30, 2011

what could be the largest municipal bankruptcy in u.s. history. good morning to you all. thank you for spending part of your weekend with us. i m t.j. holmes. we do need to start with a debate that was supposed to be over already. we are less than three days from a possible u.s. default. this clock is still ticking and a deal is not done. we are expecting a lot of action on capitol hill today. both houses in session, but whether there s going to be any real progress, that s anybody s guess. this is what we ve got going on today. the house starts debate at noon with the likely vote on a democratic proposal expected some time after 1:00 p.m. not expected to pass, however. then over on the senate side, they kick off debate on the democratic proposal around 1:00 eastern time. they could be debating that for up to 12 hours before they even vote on whether to vote. kind of a procedural vote would take place, possibly around 1:00 a.m. we did hear from president obama this morning

Detailed text transcripts for TV channel - FOXNEWS - 20111116:16:01:00

contributions to our country. the first recipient of a go ahead medal was general george washington. today pursuant to the public law 111.44 we will present a gold medal on behalf of the united states congress to the honorable john glenn. first american to orbit the earth. neil armstrong, the first human to walk on the moon. michael collins, the pilot of a apollo 11 s command module and dr. buzz aldrin, pilot of apollo s lunar module and the second human being to walk on the moon. we re honored to be joined by a number about distinguished public servants and members of the nasa community, including the most recent astronaut class which graduated not long ago. also with us are members of the crew of the uss hornet, the carrier that recovered the apollo 11 astro astronauts when they

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