Going Down to the Wire on Debt-Limit Deal

Is the debt deal a done deal? That's the big question in Washington today, and we might not know until tomorrow. We hear what the President and leaders of Congress agreed to and what it could mean for their partisan rank and file, the American people and the global economy. Also, markets are up on the debt deal, down on manufacturing numbers. On Reporter's Notebook, Muslims today began a month of fasting aimed at sacrifice and religious purity. What will that mean in countries where protest and violence have become part of daily life?

Banner image: The US Capitol building is seen on July 31, 2011 in Washington, DC. President Barack Obama announced that congressional leaders had reached a tentative agreement to extend the federal debt limit while enacting spending cuts. Photo by Mario Tama/Getty Images