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Budget: Debt Ceiling #1003837

CBS Evening News for Friday, Jul 29, 2011
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(Studio: Bob Schieffer) The amount of cash on hand for the US Treasury as the deadline for a budget deal nears cited.

(Capitol: Nancy Cordes) The House approval of the Republican debt bill after Speaker of the House John Boehner gave in to demands from conservatives featured; details given about the Senate arguments over raising the debt ceiling and whether deficit reduction will come from spending cuts or tax increases. [2 CONGRESSMEN – say they will vote yes.] [Representative Mel WATT†- criticizes the condition requiring a Constitutional amendment to balance the budget.] [BOEHNER – states it is time for the administration and the Senate to put something on the table.] [Senator Harry REID – comments.] [Senate chaplain retired R/Adm. Barry BLACK†- prays for the senators.] What happens next discussed.

(Studio: Bob Schieffer) Report introduced.

(Washington: Jan Crawford) Four new House Republicans – Representatives Mick Mulvaney†, Trey Gowdy†, Jeff Duncan† and Tim Scott†, all from South Carolina - who were holdouts on Boehner’s bill featured. [SCOTT - says he doesn’t care about winning re-election.] [MULVANEY – says each of us was offered something for our vote.] [GOWDY – recalls what they were called for refusing to go along.] [DUNCAN – says we spent time talking and praying.]

(Studio: Bob Schieffer) Report introduced.

(White House: Norah O’Donnell) The day of watching and waiting at the White House reviewed; President Obama’s message calling for his Twitter followers to Tweet Republican legislators quoted. [OBAMA – says any solution to avoid default must be bipartisan.] [White House press secretary Jay CARNEY – says this is not a political game.] The lack of communication between Obama and Boehner noted.

(Studio: Bob Schieffer) The Smurfs shown ringing the opening bell at the New York Stock Exchange; Stock Market Report; graphs shown.

(Studio: Anthony Mason) The economic fallout from the impasse over the debt ceiling examined; GDP figures cited; details given about the economy in Scranton, Pennsylvania. [Nomura economist Ellen ZENTNER†- says it’s scary that we leave it up to lawmakers.] [Net Driven CEO Pat SANDONE††- comments on hiring.] [Unemployed Scranton resident Paul COSTANZI‡- says there are no jobs out there.]

(Studio: Bob Schieffer) The lineup for Sunday’s “Face the Nation” noted.

Reporter(s):
Schieffer, Bob;
Cordes, Nancy;
Crawford, Jan;
O’Donnell, Norah;
Mason, Anthony
Duration:
00:10:10

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