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Budget and Debt Ceiling / Obama / A Discussion #996455

CNN Evening News for Wednesday, Jun 29, 2011
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(Studio: Anderson Cooper) The political showdown between President Obama and Republicans in Congress about the budget and the debt ceiling introduced. [OBAMA - says we will have to stay here until we get it done: you {Congress} need to be here to get it done; states his daughters finish their homework ahead of time while Congress pulls all-nighters.] A response from Representative John Boehner about spending quoted.

(Studio: Anderson Cooper) Live discussion held with CNN's David Gergen, Paul Begala and Dana Loesch about the dispute. [BEGALA - says Congress is not making enough progress with the Republican Party having to agree to new revenue from the rich; outlines the potential damage to the economy if the US defaults on debts.] [LOESCH - says we have to look at entitlement reform, including Medicare spending and we need private sector incentives.] [GERGEN - comments on the president's tone: it indicates talks are near collapse; predicts we won't get a mega-deal; says August 2 is the key date and we are playing with fire if we default.]

Cooper, Anderson

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