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Budget / Debt Ceiling #1003852

NBC Evening News for Friday, Jul 29, 2011
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(Studio: Lester Holt) The House approval of the Republican plan to raise the debt ceiling and cut spending reported; scenes shown from the House.

(Studio: Kelly O’Donnell) The countdown to the deadline on a debt deal featured; details given about Speaker of the House John Boehner’s addition of a balanced budget Constitutional amendment in order to win support from conservatives. [Representative Darrell ISSA†- states he hopes they act as adult leaders.] [Representative Phil GINGREY†- says he is now a yes.] [Senator Richard DURBIN†- criticizes the amendment.] [President OBAMA – calls for pressure on lawmakers.] [Congressional STAFFER – notes people will call and wait for 60-90 minutes.] [Senator Harry REID – says compromise is not a bad word.] [BOEHNER – says he stuck his neck out to get an agreement with the president.]

(Studio: Lester Holt) Report introduced.

(White House: Chuck Todd) The long weekend ahead in Washington previewed; details given about negotiations between Reid and Senator Mitch McConnell and about the Republican senators working with Reid on a compromise bill.

(Studio: Lester Holt) GDP figures cited; Stock Market Report.

(Studio: Lester Holt, David Faber) The depth of the recession, the weakness of the economy and consumer nervousness discussed.

(Detroit: Ron Allen) The concerns of business owners and consumers about the economy due to the anxiety over the debt crisis examined; details given of concern about rising interest rates. [In Detroit, 1917 American Bistro owner Donald STUDVENT††- says he wants to continue growing.] [In Chicago, machine factory owner Craig SHIELDS‡- notes Washington doesn’t understand how uncertainty affects you.] [Realtor Donna SCHWAN††- notes buyers are nervous.] [Financial planner Gwendolyn KIRKLAND‡- notes clients are waiting for the deal to be inked.] The possibility the US credit rating will be downgraded noted.

(Studio: Lester Holt) Program Note

Reporter(s):
Holt, Lester;
O’Donnell, Kelly;
Todd, Chuck;
David, Lester Holt,;
Allen, Ron
Duration:
00:09:20

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