9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could see the beginning of the end of the debt crisis. it s been the issue in washington for weeks. and you re probably tired of the finger pointing and doomsday predictions. today, that could all come to an end if the house and senate approve a compromised plan. the deal identifies about $1 trillion in spending cuts over ten years and raises the debt ceiling by about the same amount. bipartisan committee must find ways to trim another trillion a, a so-called deficit posse. the president and house spea
country s coveted aaa credit rating could be compromised. the unpresence dented consequences for all of us. and why some lawmakers argue the looming august 2 deadline isn t the armageddon the president says it is. i m wolf blitzer. you re in the situation room. we re only five days away from what could lead to unprecedented default in the united states if the political sparring between our elected officials here in washington doesn t stop. and we can t emphasize enough how devastating the repercussions could be, not only here, but indeed around the world. interest rates could go up, mortgages, car loan, student loans could become more expensive. meanwhile, the country could lose its prized aaa credit rating for the first time in recent history, a move many analysts think could plunge the u.s. into global economic distaster. our congressional skorz kate baldwin is up on capitol hill. the political battle there is brewing not only between democrats and republicans, but among