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Budget / Debt Ceiling / Deals #997400

ABC Evening News for Monday, Jul 11, 2011
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(Studio: Diane Sawyer) Report introduced.

(New York: Jim Avila) How the US is approaching deadbeat status if the debt ceiling is not raised examined; details given about what could happen with default as credit tightens thus leading to business paralysis. [Allied Kitchens and Bath owner Bill FEINBERG†- says we want to grow our business, but everyone is scared.] [Bankrate.com analyst Greg McBRIDE†- says stock prices will fall affecting 401{k}s; predicts companies could slash payrolls.]

(Studio: Diane Sawyer) A Senate prayer for cooperation noted.

(Studio: Diane Sawyer; White House: Jake Tapper) The political impasse between Republicans and Democrats over taxes and the need for someone to blink discussed. [OBAMA - says he will not sign an extension to the debt ceiling, so we need to eat our peas.]

Sawyer, Diane;
Avila, Jim;
Tapper, Jake

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