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CNNW CNN Newsroom July 27, 2011

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 in ....

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CNNW CNN Newsroom July 13, 2011

the jewelry district, and it s popularly known as the diamond district. it s made up as narrow lanes and alley ways, and usually very, very crowded. especially at rush hour. and at the scene right now, there are lots of police personnel over here, and lots of journalis journalists, and curious on lookers. the police are trying to clear the area and get everybody away. we have seen shattered glass on the ground. and the police have covered some cars at the moment, and a few are addressing the journalists at the moment. it s a chaotic scene. can you walk us through the targeted areas and give us a brief idea of why those areas are so significant? reporter: sure. all three areas are really crowded, congested areas. let me tell you about the first area in the north which is the area of sadr. it s very close to an important railway station. remember, mumbai is a city that defends on its workforce. you have millions of people who commute into the city on local trains ever ....

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