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Budget: Debt Ceiling #998466

ABC Evening News for Monday, Jul 25, 2011
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(Studio: Diane Sawyer) The countdown to shutdown debt clock shown.

(Studio: Jim Avila) The economic stakes for the US as the budget/debt ceiling crisis continues examined; details given about the possible cost if the US credit rating is downgraded with statistics cited. [Vanguard's Karin RISI†- says callers want to know what to do.] [ICAP Equities Kenneth POLCARI†; Iowan Steve HUBBARD - react.] [Third Way Jim KESSLER†- says it the Treasuries are downgraded....] The view of seven analysts on what Americans should do about 401{k} discussed,

(White House: Jake Tapper) The competing plans to solve the debt ceiling from Democrats and Republicans in Congress on this dysfunctional day in Washington outlined on screen.

(Studio: Diane Sawyer) The president's address to the nation tonight noted.

Reporter(s):
Sawyer, Diane;
Avila, Jim;
Tapper, Jake
Duration:
00:03:30

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