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Budget: Debt Ceiling / Boehner Bill / King Interview / A Discussion #998906

CNN Evening News for Friday, Jul 29, 2011
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(Studio: Anderson Cooper) The Senate defeat of the debt reduction bill put forward by Speaker of the House John Boehner and Republican plans to reject a bill from Senator Harry Reid updated.

(Studio: Anderson Cooper) Earlier interview held with Representative Steve King, a member of the Tea Party caucus about the budget debate. [KING - calls the Boehner bill a very short-term fix; wants a balanced budget amendment; downplays how serious the default would be; states brinkmanship is required; predicts something will be resolved under pressure.]

(Studio: Anderson Cooper, Fareed Zakaria) How the Tea Party is anti-democratic by trying to pass a specific agenda that will not get through the democratic process and will hold the country hostage in a counter-constitutional process {as per conservative Charles Krauthammer}, how it is difficult to see a compromise coming, how President Obama could invoke the 14th Amendment and raise the debt ceiling discussed.

Reporter(s):
Cooper, Anderson;
Fareed, Anderson Cooper,
Duration:
00:11:00

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