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(Washington: Scott Pelley) Earlier interview held with President Obama about a deal to cut the federal deficit that would include tax increases. [Representative John BOEHNER, Senator Mitch McCONNELL - criticize Obama.] [OBAMA - says this is a national problem that has to be resolved and he is offering a way to solve the debt/deficit problem with changes to entitlements and raising taxes on those who can afford it; suggests Democrats will follow his leadership; outlines what makes sense to the American people; indicates he cannot guarantee Social Security checks will go out on August 3 without a deal.]
(Washington: Scott Pelley; Washington: Nancy Cordes) The pessimism on both sides about a potential deal and what McConnell has said discussed.
(Washington: Scott Pelley) The Obama interview continued. [OBAMA - says he likes Boehner; recalls how President Ronald Reagan and Representative Tip O'Neill worked together and compromised; indicates he has been restrained in criticism of Congress; thinks we can get a deal done and we will be here until we get it done.]
- Pelley, Scott;
- Cordes, Nancy
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