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Budget: Debt Ceiling / Stock Market #998549

ABC Evening News for Wednesday, Jul 27, 2011
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(Studio: Diane Sawyer) Report introduced.

(Capitol Hill: Jonathan Karl) The tirade from Speaker of the House John Boehner about the Tea Party Republicans' stance in the budget crisis and debt ceiling featured; details given about his blunt message. [Representatives Frank GIUNTA†, Bill HUIZENGA†, Allen WEST, Debbie WASSERMAN SCHULZ†, MAN - comment.] The House vote tomorrow on Boehner's bill noted.

(Studio: Diane Sawyer, George Stephanopoulos) The likelihood that Boehner will win his vote, but the Democrats won't pass it thus leading to another round of negotiations and the question of whether President Obama or Republicans will blink discussed.

(Studio: Diane Sawyer) The jittery stock market drop noted.

(Studio; Jim Avila) The warnings about a market crash that would damage average Americans' savings examined. [Investor Tom MATYJASIK†- says retired seniors will have to cut back.] [The Motley Fool's Joe MAGYER†- warns against putting money in stocks, but there are bargains.] Examples of where to invest outlined on screen.

Reporter(s):
Sawyer, Diane;
Karl, Jonathan;
George, Diane Sawyer,
Duration:
00:05:20

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