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Budget: Debt Ceiling #998419

ABC Evening News for Sunday, Jul 24, 2011
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(Studio: David Muir) The countdown to shutdown debt clock shown.

(Washington: David Kerley) A meeting of Congressional leaders with President Obama about the budget deal to avoid a debt crisis examined; details given about the Republican two-stage plan for a short-term fix and the coming reaction of world financial markets to the US situation. [On Fox, Speaker of the House John BOEHNER - calls for a two-way process.] [On "This Week," Treasury Secretary Tim GEITHNER†- says we cannot have the threat of default over the country.] [On Friday, President OBAMA - takes his stance.] [University of Maryland economics professor Peter MORICI†- says the markets may panic.]

(Studio: David Muir; Washington: Rick Klein) The role of these financial markets as a political force in the budget debate, the politicians' view of the people's anger and poll findings on the voter dissatisfaction with Washington discussed.

Muir, David;
Kerley, David;
Klein, Rick

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