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tv   To Be Announced  CNN  October 17, 2013 12:00am-1:01am PDT

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the u.s. steps back from the brink of disaster. >> hopefully next time it won't be in the 11th hour. >> there's a deal to raise the debt limit. and to reopen the government. >> we fought a good fight. we just didn't win. >> republican lawmakers blinked first in the 16-day staring contest and they're not happy. >> this is a terrible deal. >> this is far less than many of us had hoped for, frankly, but it's far better than what some had thought. >> what could the backlash mean for the party and the country? >> markets soared on the news. >> the eyes of the world have been on washington all this week. and that is a gross understatement. >> but has the damage already been done? >> lots to get to in this special hour of "cnn newsroom."
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i'm john vause. >> it's 3 a.m. in the united states. if central european time, 9 a.m. we want to welcome our viewers all around the world, including the u.s., i'm hala gorani. >> president obama signed a bill officially reopening the government and avoiding a catastrophic default on the u.s. >> the u.s. congress agreed to the measure at the 11th hour wednesday night. it will fund the government through january 15th and raise the u.s. debt limit until february 7th. this is all temporary. >> indeed. 90 days, really. in the en,d, a teeny, small change to obama care, a provision to income verification. many are critical saying it delays the financial issues facing the u.s. until early next year. mr. obama spoke to reporters after the senate vote and answered just one question. >> brianna keilar asks, isn't this going to happen all over
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again if a few minutes? his answer, a definitive, no. >> i've got some thoughts about how we can move forward in the remainder of the year, stay focused on the job at hand. because there's a lot of work ahead of us, including our need to earn back the trust of the american people that's been lost over the last few weeks. >> president obama, we are already seeing some movement in financial markets around the world. we'll bring you those details in just a moment. >> first, hundreds of thousands of federal workers who have been off the job now for more than two weeks are expected to return to work later this morning. we've been following developments on the story. she's still with us. it's 3 a.m. in washington. at great risk to your circadian rhythms, walk us through how this happens. what's the process of the government getting back to some kind of normalcy. >> reporter: president obama signed this bill after midnight on the east coast, so less than three hours ago. the government is now officially
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reopened. we've seen a number of statements to that effect. one national park even said they were opening last night, once we had word of this deal. federal workers are to report to work this morning, 9:00. so just under six hours from now. and the problem with that, though, is that while the government has been shut down, they have not been able to access their e-mail or their phones. that has been against the law. and so, the government is trying to get the word out through news alerts and things like that. but essentially we're expecting all federal workers to show up in the next few hours. but that remains to be seen so far. >> unless that phone is conveniently turned off. if we look at this deal, it creates essentially three new deadlines. december budget negotiation deadline on longer term debt, january expiration for government funding and february 7th deadline on the debt ceiling. if you look at that, you've got
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to say, this is just three more opportunities for governing by crisis. >> reporter: that's true. of course, president obama has been warning against that. and republicans, many senior republicans, republicans who have been around in washington for a long time, are saying essentially, see, we told you so. we knew this would not work. and republicans have really taken it on the chin. polls are showing that republicans have fallen out of favor even more drastically than before. so, we'll see if they change up the strategy going into some of these next fights. they're looking at entitlement reform, tax reform. they hope they can get that in the next budget fight. we'll see if they're able to do that. >> republicans didn't get a whole lout out of this. obama care is still intact and they've had a couple of bruising weeks. what has this ended up costing the u.s. economy? >> reporter: billions of dollars. one ratings agency said earlier today that it took a $24 billion chunk out of the u.s. economy.
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and, yes, furloughed workers will be getting back pay, but there are all other kinds of problems and other chunks taken out of the economy. it's supposed to grow at a slower rate in the fourth quarter than was expected. so, it's been a dramatic impact. >> okay, erin, thank you. erin mcpike. seven minutes past 3:00 in the morning there in washington. thanks for staying with us. >> let's see how investor are reacting, john. it will be a few hours before trading begins in the united states, and by a few a mean 6 1/2. european markets are opening. john will tell us about the day of trading ending now in asia. let's start with isa in london. what are we looking at today in london and across europe as far as stocks are concerned? >> reporter: good morning, hala. traders are optimistic that deal is finally been done. markets sorted of factored it in yesterday as a deal started to move along.
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we knew a deal was coming in at 11 thd hour, so traders were telling me -- bring up the graphics. across the board, slightly lower, a bit of selloff. a lot of volatility in the last three weeks. traders here expecting a dip early in the day and that will pick up. we're then expecting traders rallying into christmas and back to crisis mode. more volatility january-february next year when we talk about negotiations once again. one of the traders i was talking to this morning, i said, are you relieved it's all done? a part of me, yes, this has been going on three weeks but we know we'll start again next year because they're just kicking the can down the road. that's not what they wanted. really, that just creates more instability and shakes up the global economy even further. that's what they want to try to avo avoid. that will come starting next year and they're gearing up for
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it already. >> index levels are still very high historically speaking. i mean, we're hitting record after record on european indices as well as for the dow and the s&p. so the fact that traders have this visibility that they can expect a crisis, in other words, factor it in ahead of time, i mean, i suppose that means we won't see big drops in european indices because of this. >> reporter: absolutely. that's exactly what happened yesterday. we were expecting the markets to drop significantly yesterday in european markets and they didn't. everyone was asking me why are they not dropping? because, you know, the traders here, thaifs seen crisis after crisis after crisis from the u.s. started with lehman brothers, european crisis, emerging market crisis, so they've gained financial muscles and learned to read between the lines. and this political maneuvering we're seeing in europe, whilst had-t has rattled them slightly. we are slightly higher in
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europe, you know, on the month. so, you know, they are ready to take this on the chin, although they would like to avert it because, you know, they've got so many -- so many crisis already to deal with here in europe. to be honest, they could do without this. >> isa, thanks very much, live in london. john in hong kong, what's been the asian market reaction? >> reporter: well, initially, hala, it was positive. seven hours ago when this deal started to cross between the senate and the house we saw a rally in japan up 1% and markets up 0.5% across the boards. let's take a look at the numbers nikkei trading up 0.1% off the highs of the day. the other markets are dismal. hong kong hang seng down 0.25%, same with shanghai after losing 2% in trading the day before, and kospi and seoul up 0.25%. the other interesting trend is the dollar-based assets rallied into this when the deal was signed. oil was up $1.45, now trading
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below the line. gold was up $5 an ounce, now trading down $3. now the dollar is trading slightly lower against the british pound, euro and japanese yen. it tells us, they were expecting a deal to happen. it's not a huge relief rally like we saw on wall street. but emerging markets and other developing markets in europe and asia are tired of the fact that every three or four months there's a crisis. big crisis in 2011, big crisis in 2012 and this debate has been carrying on for months until they pushed it down to january or february. what happens next? perhaps the silver lining is the federal reserve will have to hold up, hala, and not pull back on quantitative easing. there was discussion in may they would do so. they came off the gas pedal in september. now with all the uncertainty, the federal reserve probably has to keep policy the way it is. this will give a nice boost to
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global markets if, in fact, the federal reserve stays there. the huge issue is, can they close the gap between the white house and capitol hill, between republicans and democrats, because the distance is extremely wide. >> thanks much. stay with us. we'll have a lot more live coverage continuing live coverage of the agreement in washington. coming up, david mckenzie as well, we'll have reaction from beijing, diana magnay is in berlin. like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air.
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continuing coverage here, three hours, 13 minutes since the united states avoided economic armageddon with that debt ceiling deal. economists are saying that deal, to get the u.s. government running again and avoid a debt default, it's a necessary first step, but many are also warning it's only a short-term fix. >> because it allows the government to remain open until january 15 9 and raises america's debt ceiling until february 7th. there's a well-worn phrase for what we're talking about here -- >> this deal kicks the can down the road. >> we are kicking the can, but better to kick the can than to stomp on the can. >> at the same time we can't keep kicking the can down the road. >> instead of kicking the can down the road -- >> kick the can down the road. >> kick the can down the road. >> the problem is we continue to kick it down the road. >> it's hard not to be cynical
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when we've seen the can kicked down the road so many times. >> we'll continue to kick the can down the road with we'll harm to the american populous. >> with that metaphor firmly established, we spoke with harvard university economist ken rogoff. >> we've got this deal until january 14th on the budget. february on the debt ceiling. you know, howard lutnik said it on this program, our viewers know, it's more than just kicking the can down the road. it's inability to reach a grand bargain. >> i think the odds are just as bad in january or february. i think this was sort of a small win for the center among many losses that there are certain crazy places you just don't go. i'm a little more optimistic on the outcome from this, but still all this deep division across the house and the senate. it doesn't solve them and it
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doesn't mean our government will suddenly turn very productive. >> the washington brinkmanship we've seen up to this point has had real economic effects and richard has been keeping track of that as well. >> the dollar bill and the cracks have already begun to appear. in this crisis over the last week, first of all, we saw treasury yields spike. there was a notable increase in the amount of money that the u.s. government was having to pay for short money. one month money. look at that. at the beginning we were down here, barely 0.8. then it spikes up to 0.3 and comes down again today. that is a real increase in interest rates, at the short end, very shortest end of the curve. yields are twice as high. higher than libor. today's auction saw a fall but certainly nothing much to write
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home about. treasury yields will spike. then you have people deciding they're not going to invest in u.s. debt. banks like citi did and fidelity, they ditched short-term treasuries. jp jpmorgan, fidelity reduced their exposure. citi was no longer accepting short-term t-bills as collateral. hong kong says short-term bills have less ability as collateral. u.s. debt, not as worthy as it was. then the cdss, credit default swaps. the ability to bet against a u.s. government default. unthinkable in the past. market over the past month, the cost of buying cdss, 12 times higher. you've got a spike in yield. you've got collateral not being accepted. you've got a cds splurge. finally you have places like the cme requiring a greater level of margin before they'll let you
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trade up some 12%. the cme imposes this 12% premium on interest rate swaps. really effects taking place. even though the dow jones industrials is up 205 points. >> okay, richard quest there. investors around the world have been keeping a close eye on what's been happening in washington to see if this whole debacle would be resolved. >> there's one investor in particular when he talks, everybody listens. i'm talking about warren buffett. p poppy harlow caught up with him in new york to get his take on how the u.s. should manage his debt. >> reporter: we spoke with him moments before the expected news came down earlier today. he told me what's been going on over the past few weeks in the washington, d.c., he sees it as a back and forth game of brinkmanship. he said to hold the full faith and credit of the united states in jeopardy is, quote, nuts. he went on to say that he does not even think that the united
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states should have a debt ceiling. listen. >> if you build a reputation for 237 years like the united states has, for being the bastian of soundness, we're the reserve currency of the world, and it isn't the president that's causing the problem. i mean, simply an act -- get rid of the debt ceiling would be the best thing, but enact a long-term debt ceiling with a big number if they want and get back to arguing about the other things. >> reporter: news came down of the expected deal, i asked him what he thought of it. he said he thinks it will past but he wishes what would also be included in it is that politicians on both sides of the aisle would agree to never use the debt ceiling as a weapon like this. we also talked about the fact that if this deal passes, it is a short-term temporary deal. he said, if we're back in the same position in just a few months having the same argument once again, that is just, quote, crazy. important to note here, warren
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buffett is a democrat, a big supporter of president obama, so i asked him if he's been in touch with the president over the past few weeks. he says he has. he had one phone call with the president. he would not disclose what they talked about, but clearly he has been in touch with the white house. >> poppy harlow there. >> there is something different about the iran nuclear talks this time around. we'll tell you what that is coming up.
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we'll have much more on the deal in washington but we want to update on you other stories we're following. we're getting threats of a deadly suicide bombing in village of northern iraq. they claim 15 people were killed when a truck packed with explosives blew up near the city of mosul. sunni militants have targeted them in the past but no claim of responsibility for today's attack. the latest in a long string over the last few months. western diplomats meeting in switzerland have agreed to return to the negotiating table next month. both sides striking an optimistic tone. some in tehran even said a deal could be reached within months. we have more now from jim. >> reporter: a clear sense these talks were unlike any other
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between iran and the west in recent memory. a senior u.s. official saying that this official had never seen such intense detailed straight-forward and candid conversations with the iranian side. the iranians expressing hope and satisfaction. the iranian foreign minister javad zarif saying these talks could usher in a new, quote, relations with the u.s. even the time frame they're talking about for final agreement, iranians saying they could reach a final agreement within a year. deputy foreign minister saying possibly within three to six months. other european officials expressing more reservations but it gives sense of of a new hope here of how things could proceed and how quickly. they already planned the next round of talks. they'll meet in geneva december 7th and 8th. experts will be meeting to go over the details of iran yaes plan. u.s. officials saying there are differences, for instance, over
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how quickly and how substantively the sanctions against iran's economy would be eased. also saying iran has to provide much more detail still on its plan for reining in its nuclear program. as one u.s. official said, the work is hard, not guaranteed but the start here in geneva very hopeful. jim scuitto, geneva, cnn. officials say they believe no one survived a plane crash in southern laos. 49 people were killed when the turpoprop went down in the mekong river. passengers from france, australia and thailand were believed to be on board. search and rescue teams are at the site. state-run media report the plane was about to land when it hit bad weather and eventually crashed. >> the controversial owner of the u.s. pro basketball team, the dallas mavericks has dodged a major legal bullet. a jury in federal courts ruled that mark cuban was not liable
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of civil insider trading charges filed bit securities and exchange commission. cuban dumped his entire stake in moma.com in 2004 after the firm's ceo told him about plans for a stock offering. the details were announced publicly later. cuban's move saved him about $750 million in losses. a deal has been reached to reopen the u.s. government. but what did it cost? we'll look at the numbers. plus, the u.s. debt default is off the table as well. we'll check reaction from berlin to beijing on the global implications. [ male announcer ] if you can clear a crowd but not your nasal congestion, you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter.
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andintroducing cardioviva: -- all in one pill. the first probiotic to help maintain healthy cholesterol levels without a prescription. cardioviva. pain inflicted on our nation for no good reason and cannot ma make -- we cannot, cannot make the same mistake again. >> welcome back to "cnn newsroom." i'm hala gorani. >> i'm john vause. like to welcome viewers around the world. u.s. lawmakers struck a deal to reopen the government and the debt ceiling. >> federal workers furloughed two weeks ago head back to their jobs today, thursday.
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>> president barack obama signed the bill a few hours ago. the white house says he'll have more to say about the agreement in a statement later today. >> here's the thing, this deal is short-term, funds the government only through january 15th. it raises the debt ceiling through february 7th. but despite republican efforts, it leaves obama care largely untouched. >> that is what this standoff stood on. house republicans were trying to derail obama care, but all this was resolved by a bipartisan effort in the senate for a debt ceiling increase. this is what mr. obama had to say about that. >> i want to thank the leadership for coming together and getting this done. hopefully next time it won't be in the 11th hour. one of the things i said throughout this process is, we've got to get out of the habit of governing by crisis. >> barack obama there. so, how much did the partial government shutdown cost the u.s. government?
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standard & poor's says this all cost at least $24 billion. that's about $1.5 billion each day according to s&p. and they say the impact is not necessarily over. they say consumer confidence has been hurt by the shutdown, and people will remain afraid to open up their checkbooks and that will hurt the economy. two years ago that s&p downgraded america's credit rating. they did that despite a last-minute washington deal to raise the debt ceiling. so, what is s&p thinking right now in the wake of another 11th hour deal? cnn asked managing director there, john chambers. >> the reason we're at aa-plus and not aaa, there's a couple reasons but the main reason is that the fact that you even have to worry about the u.s. government paying its debt on time would indicate that it's not -- the government's not worthy of a aa rating. we think it will be back here in
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january, debating the same issues. and that given the composition of congress, that it will be probably still acrimonious and we'll have to see where we are then. but this is, i fear, a permanent feature of our budgetary process. >> well, if it's a permanent feature, it's certainly going to have the markets on edge. the 11th hour deal that saves the u.s. from default also spares the world economy from untold harm. diana magnay has reaction to that from berlin. david mckenzie is in beijing. we'll get to him in a moment. first the perspective from germany sdpt wiand the wider eu. diana magnay, what have you been hearing where you are about this last-minute deal? >> reporter: hi, hala. well, the editorials, this is, of course, the top story across the german papers all say, fine, it's -- you know, no surprise
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that they did reach a deal at the very last minute. the markets had essentially factored that in. the main points that you read in the papers is that this damage is america's credibility as a global fiscal super power, that we and the rest of the world look over what is a political farce in washington. when you speak to people on the street here, they are baffled it could have come to this. that the american government could should down for a period of two weeks and more. there's also a concern about the fact that this is just in that cliche we've been using a lot, kicking the can further down the road, that we're going to be experiencing this same kind of budgetary trouble in three months' time. that said, it seems investors anticipate this kind of budgetary trouble coming from the u.s. therefore, don't really play on it in the markets. if you look at the european markets, now their reaction is incredibly muted. last night the announcement that a deal might be struck pushed
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the dax up in the last few minutes of trading. now it's trading down slightly. that could be some kind of profit taking from yesterday's gains. but the markets have really been doing extremely well over the last half of a year. they're hitting five-year highs. and to a certain extent, the way we always talk about markets being driven by confidence, it seems investors are clearly quite confident that the americans -- the u.s. was never going to default on its debt. >> they made the right bet in this case. thanks very much, diana magnay live in berlin for us. >> china was very vocal about the u.s. shutdown. beijing urged u.s. lawmakers to reach a deal and avoid default. stakes are high for beijing, one-third of the u.s. debt is foreign held and the biggest chunk of that is owned by china. nearly $1.3 trillion. let's go live to beijing. david mckenzie joins us with more on this.
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david, at the end of the day if china wants to wean itself off those u.s. treasuries, they essentially have to change their entire economic system. that won't happen any time soon. >> reporter: well, basically the short situation is they won't be able to wean themselves off treasuries. $1.3 trillion, as you say, of u.s. treasuries, double that in u.s. assets. ministry of foreign affairs making a statement right now about this. china has been unusually robust in its criticism of the u.s. from a government level and from a state media level. spokesman saying u.s. is the largest economic power in the world. not just its own interest but affects the world economic stability. china we will comes the progress and development of resolving the matter. that's a quote from the ministry of foreign affairs. so, certainly the chaos in washington has proved an opportunity for china to point a finger at the u.s., at its
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apparent legislative inability to put through procedural votes to keep the world economy ticking over. but in the medium term at least, china needs that debt to shore up its economy. john? >> david, how much of that criticism, that rare criticism, you know, if you look at it from the outside, doesn't seem to be quite that fierce or strong words, but they are strong words for china because they don't often say that kind of thing. there's really not that criticism coming from beijing. but how much of that is for domestic consumption? >> reporter: i think quite a lot of it is domestic consumption on some level, though, because some of the state media that you saw talking about this issue did not give out the same statements in the chinese language. so it's been a double game china is playing. they don't necessarily want on the governmental level here to push the fact that they want the u.s. to end the impasse because they don't really want word out
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about how much they depend on the u.s. or china's financial stability. at the same time, though, for international consumption point of view, china has certainly pushed the envelope, calling for the world to de-americanize from the u.s. dollar standard that was in a editorial a few days ago. from the soft power perspective, a number of analysts have told me this has been a win for china from a long-term perspective. their physical cal strategy might be to diversify away from u.s. treasury bills on some level. but there isn't a market big enough or safe enough, despite what's going on in washington to hold the enormous amounts of excess cash that china has in its bank account. >> david mckenzie in beijing, where a stiff breeze is clearing away some of the pollution. thanks, david. we'll have a humorous take on the closing and re-opening of the u.s. government.
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also ahead, we will find out about something a lot more dramatic. what it could be like to conduct chemical weapons inspections in the middle of hostile territory. remember this fiery scene in the skies above russia earlier this year? now scientists say they recovered a piece of that space visitor. details ahead. [ man ] look how beautiful it is. ♪ honey, we need to talk. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay.
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disappointment with the outcome, but lived up to his reputation on capitol hill as a deal-closer. >> yeah. he and the democrat harry reid overcame frosty relationship to hammer out this compromise on the government spending and the u.s. debt. but after all bitterness in the past few weeks, one leading republican says the path ahead is going to be pretty tough. >> i hope that we can move on now. i hope that we can move on to other things. because what we've done has been so harmful. not just to republicans. the president's numbers went down. the democrat numbers went down. ours just went down further and faster. the american people have no confidence in their government. and can you blame them? >> no. >> no. john mccain had more to say as brian todd reports, mccain and other republicans are blaming some of their own members in congress. >> reporter: on senate floor john mccain slammed both sides
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during this shutdown. >> it's one of the more shameful chap terse i have seen. >> reporter: in print he was much tough other his own caucus, telling "the new york times," republicans have to understand, we have lost this battle as i predicted weeks ago that we would not be able to win. mccain's republican ally lindsey graham says the gop really did go too far. we screwed up. former republican congressman mickey edwards says while he believes president obama was too inflexible in this standoff, it's the republicans who overreached by hammering on obama care. >> the public is not going to believe that the president is responsible, especially when they're trying to undo a law that's already been enacted. when you tie it in with the threats about the debt ceiling and possibly reneging on the money the american people already spent and owe, you know, i don't think it's a message republicans can win. >> reporter: senator ted cruz has been skewered from within the party and by his hometown newspaper, which had endorsed him. comparing him to his predecessor
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kay bailey hutchinson. the chronicle says cruz has been part of the problem in specific solutions where hutchison would have been part of the solution. heritage action for america, it pressured wavering republicans to keep fighting against obama care, keeping tabs on those who didn't by blasting out score cards. their leader dismissed mccain's criticism that this was a losing battle. >> i think senate republicans should spend their time focusing on obama care and the way it's ruining millions of americans lives and not settle a score about tactical differences thes disagree with. >> reporter: analysts say party will question tactics of hard liners. >> has that strategy been discredited by this defeat? does that allow other voices in the caucus to argue for a different direction? >> reporter: another big question coming out of this, does john boehner keep his speakership? gop strategists we spoke to say
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he likely will, that eats got the votes to stay in, and who would want the job anyway, especially after this? brian todd, cnn, washington. now to some other news. international chemical weapons inspectors have their work cut out for them as they do their jobs in the middle of a war zone in syria. >> we joined a group of inspectors as they trained for a scenario they've never experienced before. >> reporter: a sudden explosion during a chemical weapons inspection. chaos, fear, this is a training exercise, the lessons potentially life-saving for inspectors as thy they do their work in war-torn syria. the head of inspector training -- >> we are performing our inspections in the middle of a conflict. we've never done this before. it's not something that you could have foreseen two years ago and planned for.
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>> reporter: these inspectors from organization for prohibition of chemical weapons are being trained to identify difficult situations, to avoid getting kidnapped but to help if they see violent events. this is conducted by the german army. they make this exercise as realistic as possible, the sounds, the pops that you hear, the hectic is exactly the same way it would be on the battlefield. in this sort of an environment, the weapons inspectors have to keep their composure and administer first aid in a correct way. the knowledge could be vital to these inspectors very soon. opcw has been tasked with cataloging and monitoring the destruction of ba sar al assad's chemical weapons after a chemical attack in the damascus suburbs. although they deny they were responsible. snipers open fire on convoy of inspectors. one vehicle was disabled in the attack.
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the inspectors were forced to turn back. the german army's head of hostile environments training believes the biggest threats could emerge when the inspectors move in areas contested between regime courses and the opposition. >> we have different players in syria. and i think that it's not easy for the -- for the job in syria. >> reporter: after the inspectors dressed all the pretended wounds in the exercise, the head of inspector training says he was satisfied with their performance. >> given a situation, a crisis situation, and chaotic situation, and people screaming in language that you don't understand, they were able to stop and assess the situation before they performed any action. and that, i think, was successfully done today. >> reporter: as realistic as
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this scenario was, it was just an exercise. the next stop for some of these chemical weapons inspectors could be syria, one of the most dangerous places in the world. cnn, germany. well, much of east asia is dealing with what has been one of the busiest tropical storm seasons in years. they've gone through a lot. >> they have. they still are. meteorologist pedram joins us now from the international weather center with all the details. hey, pedram. >> hey, guys. i mapped out what we're talking about as far as all these tropical storms and typhoons we've broken down for you over the past, say, ten months across the western pacific. we're looking at 25 tropical storms, depreciations or typhoons and anywhere from palo to luzon, taiwan. across east asia at some point or another you've dealt with storms in the past ten months in this region. of course, in the past 16 days
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just the month of october, we've seen an historic amount of storms develop. six named storms have come down so far in october. making this the busiest october since 1995. most recently, of course, we talked about wipha brushing across coastal japan. 9 million people effected, cancellations of domestic and international travel, wind delays and businesses interrupted with all of this. take a look 75 miles, 120 kilometers or so away from areas of tokyo where we had the brunt of the storm. if we have the video to share with you. absolute destruction here with the floods, landslides across this region, as this storm at one point was a category 4 equivalent coming across this region. thousands of people losing power on the order of 17 people losing their lives. we know 40 people missing across this region as well. all of it with the storm system cruising in this region.
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beyond this, we have yet another storm sitting there on the western pacific. this would be the 26th storm of the season. that's typhoon francisco. winds at 140 kph, category 1 equivalent, 80 miles per hour in the wind department there. the track with the storm system, eerily similar to wipha, japan, okinawa, tokyo could be in the path as we get into sunday and monday. this storm has the potential to get winds upwards of 230 kph. that's equivalent to category 4 as it nears that region. we've talked about all the storms this season and it soemz like mother nature continually cranking storms out. you look at the atlantic ocean impacting the united states, zero storms impacting the united states. the disparity in mother nature has to find a way to balance it out. >> it's also because the dust cloud -- >> africa inhibiting some of
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these storms. look at you something, john. >> i'm on top of it, pedram. >> you can pick up a few world weather shifts after that. >> come on over. >> pedram, thanks very much. apparently there's a lot of excitement in central russia today. >> really, why's that this is. >> i'm not sure. are you going to tell me? something to do with an out of this world discovery. >> yeah. isa explains. >> reporter: this was the scene back in february as a massive meteor streaked across the sky, turning night into day. the fire ball sent shock waves across russia, shattering windows, injuring some 1200 people and causing millions of dollars in damage. scientists say fragments of the space rock crash landed here, beneath the ice of this frozen lake. now eight months later, the ice is gone.
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and on wednesday in an operation covered live on russian tv, divers entered the murky water. at the bottom of the lake they found what is believed to be the largest single fragment of the meteorite. it was drag add shore, then weighed where it literally tipped, then broke the scales. >> translator: if it weighs more than 500 kilograms then the object is unique in itself and likely to be one of the biggest meteorites found. >> reporter: it cram belled into several chunks but still weighed in at more than 570 kilograms. scientists want to confirm this is the meteorite they've been searching for. >> translator: the initial visual survey doesn't give us 100% certainty. we need to conduct more research, a structural analysis and other tests. >> reporter: when it entered earth's atmosphere, scientists estimate it weighed about
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10e,000 tons. it's just a traction of that size now but scientists are confident they made an out of this world discovery. >> now we know why. >> now we know why there's excitement in central russia. still ahead on "cnn newsroom," u.s. financial crisis has turned many people into comedians. >> republican senator ted cruz has been more than just the butt of a few jokes but no explaining this. >> a friend explained to me today finally what ted cruz is doing. i finally understand. the snowshoe hair every ten years multiplies sixfold. >> are you high? what are you talking about? >> i'm high. let me explain. totally high. i wish i was.
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wednesday was a long day for lawmakers and everyone else who was working on capitol hill.
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>> well, one of the house sten graphers reached her breaking point, apparently. she stormed the floor while members were voting. take a look at the video. >> banging the gavel there. it's hard to see and hear her with all that's going on. she's at the center of the podium. this is where the president usually delivers the state of the union address. she said, do not be deceived, god shall not be mocked and a house divided cannot stand. >> she's eventually escorted out by the sergeant at arms. people know her and quite a few there apparently do. >> it seems as though she snapped. it's quite sad. >> a lot going on. it's been very stressful couple of weeks. they restart the u.s. government, so probably not too soon for a few jokes, i guess. >> i guess not. who else but jeanne moos doesn't think so, certainly, and she's not alone.
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>> reporter: senator ted cruz, poster boy for the shutdown, led the press pack as he headed for -- wait a minute. the microphone's back there. aboutface, but not much saving face as uncle sam turned around the boat. say good-bye to all shows shutdown jokes. >> our congress today, in case you haven't heard, continued to play america's least favorite game show, no deal or no deal. ♪ it's time for let's make a deal ♪ >> there is i deal in the work. >> this is a done deal. >> get like stevie wonder once said, signed, sealed and delivered. >> reporter: or as the senate chaplain put it -- >> lord, we see a faint light at the end of a long, dark tunnel. >> reporter: amen. the shutdown and possible default are behind us, in the rearview mirror, so to speak, so are some of those special moments. >> i'm going to demonstrate very -- if the republican side would look at me, i will show
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you who's responsible. right here. here you are. this is who's responsible for shutting down the national parks. >> reporter: what are we going to do without all those weird metaphors. senator cruz was compared to a rabbit by a republican consultant. >> he's having bunny sex. the snowshoe hare every ten years multiplies six-fold. >> are you high? >> i'm high. >> reporter: just hours before a deal was struck, a fox news psychiatrist used president obama's tough talk -- >> you do not hold people hostage -- >> reporter: -- to psychoanalyze the president. >> there's a victim mentality. i think the president going back to when his dad abandoned him, when his mother left him with his grandparents. the president sees himself as victim in chief. >> reporter: it's enough to make your head explode. cartoonist turned the movie "gravity" into insanity with a
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spaceship labeled exploding floating off into space. the crisis averted was a tweet by peewee herman. no government default. 15 more days to halloween. maybe congress deserves a price for making a deal -- >> it's a trip to puerto rico. >> reporter: make it one-way. why stop at finger pointing when you can point mirrors. jeanne moos, cnn, new york. >> well, that does it for us. thank you for watching special coverage of the crisis in washington, a crisis which has now been averted. i'm john vause at cnn center. >> i'm hala gorani. "early start" is up for viewers in the u.s. for everyone else, stand by for "world business today." fight ov
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government down to size and trying to do our best to stop obama care and we fought the good fight. we just didn't win. >> i want to thank the leadership for coming together and getting this done. hopefully, next time, it won't be in the 11th hour. >> breaking news overnight. a last-minute deal reached to avert economic catastrophe and reopen the government. we are breaking down the compromise that was reached by congress. reaction from wall street and why we could be in this exact same spot in just a few months. >> let's revel in the moment at least for a second. >> i know. >> welcome to "early start." i'm john berman. >> i'm zoraida sambolin. >> it's a different mng

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