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(Studio: Anderson Cooper) A bombshell from President Obama that Americans may not get Social Security checks if a budget deal is not reached noted. [On CBS, OBAMA - says the Social Security and other checks may not go out if the issue is not resolved.] Estimates on the money available and a few offers noted. [Representative John BOEHNER - calls for Obama to put his plan on the table.]
(Studio: Anderson Cooper) Live discussion held with CNN's David Gergen and Gloria Borger about the political showdown. [GERGEN - says Obama is trying to scare people, but Social Security checks will likely go out; comments on Obama, the Democrats, the Simpson-Bolls plan, the Republican view that government has become bloated; suggests there will not be a mega-deal or a moderate deal with a short-term solution coming despite what Obama wants.] [BORGER - says the Republican Party has a new strain: the obsession with no new taxes trumping everything else that voided a potential deal.]
- Cooper, Anderson
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