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Debt Ceiling #1002024

CBS Evening News for Thursday, Jul 07, 2011
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(Studio: Scott Pelley) Report introduced. NOTE: Local weather bulletin on screen.

(White House: Chip Reid) The White House meeting between President Obama and Congressional leaders on the debt ceiling reviewed; details given about private discussions between Obama and Speaker of the House John Boehner. [OBAMA – says there is going to be pain involved politically.] [Representative Nancy PELOSI – objects to cutting Social Security to give tax cuts to the wealthy.] [Budget expert David WALKER – uses a basketball analogy to describe cutting services.]

(Studio: Scott Pelley) Report introduced.

(Capitol: Nancy Cordes) Expressions of confidence from Congressmembers that a deal can be reached featured; details given about the debt negotiations. [Senator Marco RUBIO††- says there is growing consensus.] [Representative Gregg HARPER†- objects to raising taxes.] The approach of the deadline discussed.

(Studio: Scott Pelley; White House: Chip Reid) The White House stand on Social Security discussed.

(Studio: Scott Pelley) A near-default by the US during the war of 1812 noted.

Pelley, Scott;
Reid, Chip;
Cordes, Nancy

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