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Budget: Debt Ceiling / Obama Speech / A Discussion (Part I) #998497

CNN Evening News for Monday, Jul 25, 2011
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(Studio: Anderson Cooper) The dueling speeches on the debt crisis seven days before the government runs out of money that could lead to the downgrading of the US credit rating introduced. [President OBAMA - says people are fed up with a town where compromise has become a dirty word and all they see is a partisan circus: they did not vote for a dysfunctional government.] [In response, Speaker of the House John BOEHNER - says Obama wants to spend more and taxes will destroy jobs and actions must be taken with entitlement programs.]

(Studio: Anderson Cooper; Washington: Jessica Yellin) What the president was trying to do tonight to reach beyond Congress to get the people to push for the passage of some kind of bill, the status of a Republican bill and the politics of both sides spelling impasse discussed.

(Studio: Anderson Cooper) Live discussion held with CNN's David Gergen, James Carville and Erick Erickson and American Urban Radio's April Ryan about the budget/debt crisis. [CARVILLE - says the Republicans keep rejecting what the Democrats offer thus you cannot negotiate.] [ERICKSON - says they are closer to an agreement than the speeches indicate and plans will get merged.] [GERGEN - says the first is to get the debt ceiling lifted, but how much will the deficit be cut and the credit rating may be downgraded; explains Boehner's plan and Senator Harry Reid's plan, but there are phantom cuts in it and neither plan will pass through Congress.] [RYAN - says the American people want this to be done.]

Reporter(s):
Cooper, Anderson;
Yellin, Jessica
Duration:
00:11:50

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