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Budget / Debt Ceiling #1002416

CBS Evening News for Monday, Jul 11, 2011
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(Studio: Scott Pelley) The meeting between President Obama and Congressional leaders to work out a deal on the debt ceiling noted; scenes shown.

(White House: Chip Reid) Obama’s exasperation with the Republicans featured; details given about Speaker of the House John Boehner’s elimination of tax hikes and the 4 trillion dollar deal. [At press conference, OBAMA – opposes a stopgap measure; says he’s willing to move in their direction to get something done; comments on politics and Boehner.]

(Studio: Scott Pelley) Report introduced.

(Capitol: Nancy Cordes) Boehner’s refusal to compromise on taxes featured; details given about pressure from fellow Republicans. [BOEHNER – says tax hikes destroy jobs.] [Representative Jim JORDAN – says we’re not going to raise taxes.]

(Studio: Scott Pelley; White House: Chip Reid; Capitol: Nancy Cordes) The outcome of the leadership meeting at the White House today and the intense pressure on Boehner discussed.

(Studio: Scott Pelley) The drop in the stock market in September 2008 when Congress voted down an emergency bill to bail out the economy recalled.

(Studio: Scott Pelley; Washington: Bob Schieffer) The lack of progress on a deal and the possibility of default discussed.

Pelley, Scott;
Reid, Chip;
Cordes, Nancy;
Schieffer, Bob

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