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- [announcer] do you have an invention idea but don t know what to do next? call invent help today. they can help you get started with your idea. call now 800-710-0020. you are in the cnn newsroom. i m paula reed in washington. jim acosta has the day off. it is 5:00 p.m. at the white house, and we are now one hour closer to the nation potentially defaulting on its debt. that would be unprecedented and potentially catastrophic for the global economy. now, despite a deadline as close as 12 days away, the high-stakes negotiations between the white house and congressional republicans have broken down, and it s not clear when they might resume. a u.s. debt default would affect economies around the world, so the concerns have loomed over the g7 summit in hiroshima, japan. the president, however, says he s not concerned at all. it goes in stages, and what happens is the first meetings weren t all that progressive. the second ones were. third one was. and then what happen ....
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