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Debt Ceiling #1002072

NBC Evening News for Thursday, Jul 07, 2011
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(Studio: Brian Williams) Report introduced. NOTE: Local weather bulletin on screen.

(White House: Kristen Welker) The negotiations on the debt limit reviewed; scenes shown of President Obama meeting with Congressional leaders; details given about the debate over entitlements. [OBAMA – says the parties are still far apart.] [Representative Nancy PELOSI – says we do not support cuts to Social Security and Medicare.] [Speaker of the House John BOEHNER – says everything’s on the table except raising taxes.]

(Studio: Brian Williams) The debt limit issue explained by Committee for a Responsible Federal Budget president Maya MacGuineas† in her own words. [MacGUINEAS – says the debt limit is a construct that Congress has created to give itself a speed bump; says if we don’t make changes now, markets are going to force us to; outlines what happens if we don’t increase the debt ceiling.]

Reporter(s):
Williams, Brian;
Welker, Kristen
Duration:
00:05:00

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