CNN Evening News for Monday, Jul 11, 2011
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(Studio: Anderson Cooper) Live discussion held with CNN's Gloria Borger and Comeback America Initiative David Walker on budget, the debt ceiling, tax reform and a political deal. [WALKER - says we have to raise the debt ceiling; predicts tax and entitlement reform down the line; admits the party base will not support raising taxes thus giving the president the high road; states Congress has to stay in session until a deal is reached.] [BORGER - says this is a defining moment for the Republican Party with House Republicans taking a "no tax" pledge meaning the party cannot take a deal; speculates about what is likely to happen.]
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