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(Studio: Diane Sawyer) Report introduced.
(White House: Jake Tapper) President Obama's push for a deficit reduction package while negotiations are at an impasse over taxes and cuts featured; details given about what happens if the debt ceiling is not raised by August 2, which would lead to higher interest rates and government bills would not be saved. [In response to reporter's question, OBAMA - says he would use means testing on Medicare.] [Representative John BOEHNER - says we ask the president for a real plan.]
(Studio: Diane Sawyer) What the people are saying about the political gridlock presented. [Four PEOPLE - complain.]
(Washington: Jonathan Karl) Why it is so hard to cut a deal in Washington examined; details given about the vote count in Congress. [Senator Bob CORKER, Representatives Ted DEUTCH, Allen WEST, Paul BROWN - speak out on the deficit and the debt ceiling.] [Representative Nancy PELOSI - opposes cuts in Medicare.]
- Sawyer, Diane;
- Tapper, Jake;
- Karl, Jonathan
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