is damaging inflammation? for help getting the answers you need, talk to your doctor and visit crohnsandcolitisinfo.com to get your complimentary q&a book, with information from experts on your condition. so we re standing by for a senate vote. the dead ceiling deadline a little under six hours away. will congress open the government? stay with us. you re in the situation room. e a saturday crowd. [ male announcer ] the parking lot helps by letting us know who s coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that s stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy.
assuming everything goes as plan, the senate is expected to vote, maybe within the hour, by 7:00 p.m., that s the latest word from harry reid. then it is expected to go over to the house, which is expected to vote to approve this. when whole deal, making sure the debt ceiling is raised, is expected to go to the president s desk tonight. a lot of language in this 35-pages i haven t you go through it myself, either, but a lot of stuff in there. house republicans have to pass it as well. are there any road blocks ahead that could derail this deal before it gets to the president s desk? this has been such a whirlwind. i am not going to say definitively no, but it certainly doesn t look that way
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without that self-feeding momentum, and also christine, we don t have the shock absorbers we once did to absorb this. and that manes we can t recoup or catch up on many of the losses we ve had. i guess it s fair to say, too bad they didn t get a deal for a year or two as opposed to just a few months. on the other hand, it s better they got a deal for a few months than nothing, because it would have been a real disaster as of thursday, friday, saturday, certainly within the next week or so if they wouldn t have done this deal. let s see what happens on the senate floor. guys, thanks very much. christine romans, congratulations to you as well. christine romans is our new chief business correspondent for cnn. excellent work. we re waiting for this senate vote on this compromise debt and spending deal. there you see barbara boxer, she s speaking on the senate floor. once that vote begins, you ll see it live here in the situation room. and sobering words from one of the most powerfu
economy in the fourth quarter will no longer grow at 3%, which is what they earlier predicted. it will now have a fourth quarter growth estimate of closer to 2%. that is a significant potential setback, if this estimate from standard & poor s ratings services turns out to be true. pretty ominous assessment from s&p right now. let s bring in our chief congressional correspondent, dana bash. dana, let s scene the right now. house republicans, they resisted a deal. a clean bill for 16 days. now speaker john boehner says he won t block, effectively, what has emerged as a clean bill. so, what s going on? what s the latest? walk us through what we can expect the next few hours? well, the next few hours, we expect the senate to actually hold a vote, and then the house to follow suit, some time before the end of the night. but what is so fascinating is to watch the way this is playing out, within the republican caucus specifically led by john boehner. the way a meeting that went on