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falls, what happens to that cash? we re also seeing some new video of a violent train crash. time to play reporter roulette. miguel marquez, straight to you in yuma, arizona. you were briefed. have you even more information on what s happened there. the two helicopters colliding in the skies over yuma. snfrl yeah, we just spoke to the base commander. the most stunning thing coming out is the picture of that crash. it occurred around 10:30 p.m. eastern standard time on the california side of the base here. the entire crash was there. if you look at those pictures, what is very, very clear is it was in fact, a mid-air collision. there may have been an explosion as well because there s not much left of either of those helicopters except for a rotor that you can make out. the terrain says the base commander is very much like afghanistan and in iraq. the only differencing between that it s not the altitude isn t quite as great. commander also told us that there was a train ....
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 ....