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(Studio: Anderson Cooper) Breaking news on the House passage of Speaker of the House John Boehner's debt reduction bill that was rejected on the Senate side reported; details given about the politics, the drop in the stock market, new economic numbers. [BOEHNER - says he stuck his neck out a mile; calls for the other side to put something on the table.] [Senator Harry REID - says our economy hangs in the balance.]
(Studio: Anderson Cooper; Washington: John King) The status of negotiations and conversations on the budget talks as the deadline nears, why Democrats want to push the political ritual and how Boehner could lose a majority of his people discussed.
(Studio: Anderson Cooper; Washington: Jessica Yellin) The latest news on the crisis and about Senator Mitch McConnell's insistence the White House must be present in deals discussed.
(Studio: Anderson Cooper; Washington: Gloria Borger) How Republicans in the House moved further from compromise with the modified bill and they could come up with a compromise on cuts, a vote on balanced budget amendment and a trigger discussed.
(Studio: Anderson Cooper, Ali Velshi) The financial costs to the US so far with the stock market drop and GDP numbers with potential for greater losses and the prospects for the credit rating to be downgraded in several stages discussed.
(Studio: Anderson Cooper) Live discussion held with Georgia Republican Representative Phil Gingrey. [GINGREY - explains why he backed Boehner's bill with a balanced budget amendment; believes August 2 or so is real deadline.]
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