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(Studio: Anderson Cooper) Breaking news on President Obama walking out of budget deficit talks noted.
(White House: Jessica Yellin) The tense exchange between Obama and Representative Eric Cantor about the politics of the budget deal that brought an end to the meeting on day three of debt negotiations reviewed and how Obama cannot benefit from having any kind of default and each side is digging in instead of dealmaking discussed.
(Studio: Anderson Cooper) Live discussion held with Republican strategist Nicolle Wallace and CNN's David Gergen and Paul Begala about the meeting. [Voice of BEGALA - calls it a pretty dynamic meeting and both sides have to want to deal; criticizes the Republican negotiating strategy; says compromise is essential and the Democratic president has to protect entitlements.] [GERGEN - calls the breakup of the meeting unfortunate as the debt crisis approaches; states there has to be a deal to prevent a default on the national debt; comments on the ideological differences between the two parties; reiterates we must not go into default on August 2.] [WALLACE - assesses the negotiations going from high to fighting and digging in.]
- Cooper, Anderson;
- Yellin, Jessica
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