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Budget: Debt Ceiling #998436

CBS Evening News for Sunday, Jul 24, 2011
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(Studio: Norah O'Donnell) The efforts to reach a debt ceiling agreement introduced.

(Washington: Nancy Cordes) A possible Republican plan for the debt ceiling if the political impasse remains examined; details given about the proposals linked to budget cuts. [Speaker of the House John BOEHNER - says the Republicans could move on our own.] [Senator Jon KYL - wants to reduce spending.] [On Friday, President OBAMA - says we have to extend the debt ceiling into 2013.] [Treasury Secretary Tim GEITHNER - says we cannot have the threat of default hanging over us.] [Senator Richard DURBIN - criticizes Boehner.] The prospects for a budget deal discussed.

(Studio: Norah O'Donnell) A partial FAA shutdown due to a Congressional failure to extend authority reported.

O'Donnell, Norah;
Cordes, Nancy

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