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Budget / President-Congress Meeting #997380

NBC Evening News for Sunday, Jul 10, 2011
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(Studio: Lester Holt) Report introduced.

(White House: Mike Viqueira) The meeting of President Obama and leaders of Congress to make a bargain about the debt ceiling before August 2 examined; details given about the issues preventing a deal so far. [Treasury Secretary Tim GEITHNER - talks about the deal and possible catastrophic damage.] [Senator Mitch McCONNELL - questions the tax idea: a job killer.] [Representative Kevin McCARTHY - opposes taxes.] [White House chief of staff Bill DALEY†- says Medicare will run out of money in five years.] [Representative Chris VAN HOLLEN†- criticizes the Republicans of extortion.]

(Studio: Lester Holt; Washington: Chuck Todd) The role of the Tea Party in getting Republicans to back away from a grand bargain, the decision by Representative John Boehner not to risk splitting the party over taxes and spending cuts and the options for the president discussed.

Reporter(s):
Holt, Lester;
Viqueira, Mike;
Todd, Chuck
Duration:
00:05:30

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