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July 30, 2011
has finally pass the debt reduction plan. as you saw a moment ago, the senate now in the process of killing it by effectively tabling it, because democrats are in charge over there. you heard harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesnt matter so much as this number. the number of days and hours now left until the money runs out. this is what weve been warning about for weeks and we...
July 28, 2011
youre looking at live pictures right now in the house floor, where just moments from now a vote is scheduled on republican house speaker john boehners plan to avoid unprecedented default. but the bill which needs 216 votes to pass is facing fierce new backlash inside the party. if it does pass, it immediately goes to the senate for a vote where harry reid essentially says its dead on arrival. meanwhile, ceos at the biggest banks have their own warnings. fix this now or there will be gr...
July 28, 2011
kate bolduan has the story. also tonight, ari fleischer and james carville get in a heated exchange. john mccain today snacking down fellow republicans. hes providing a reality check and so are the financial markets. the dow industrials today dropping nearly 200 points, making it four losing days in a row. the nasdaq and s & p down even more sharply. now, anyone with a 401 k has got to be worried at this point and watching this closely or should be. but assume for a minute that washing...
July 27, 2011
getting the mage? weve got new polling that says all of that. and this is important. recent polling may also explain why we havent got an deal yet. well tell you what were talking about. in any case, americans are speaking out today. >> good morning, speaker boehners office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volu...
July 26, 2011
on this debate before its too late. and a disturbing new study revealing a widening gap between minorities and the wealthiest americans in the wake of a devastating recession. im wolf blitzer here in the situation room. first to what many say is shaping up to be an economic disaster of nearly unprecedented proportions if congress doesnt break the deadlock and agree on a deal to raise the debt ceiling only six days from now. the white house warning today theres no more wiggle room and b...
July 26, 2011
the country will not have enough money to pay all of its bills. tough decision also have to be made. the stakes right now are enormous. the president will lay out his case within a minute or so. two minutes after the president features -- finishes whats expected to be about a 15-minute speech to the nation, two minutes after that, well hear a separate speech from the house speakeren. >> boehner. hes up on capitol hill. hell make his case why the president right now is wrong. why the re...
July 25, 2011
im don lemon. youre in the "cnn newsroom." if you werent paying close attention to the deficit and the debt ceiling talks in washington, you really need to now. a sunday filled with tv talking points face-to-face meetings and party conference calls brought the debt ceiling debate back to the very beginning. a little stalemate tonight and traders worldwide are surely taking notice, several overseas markets have opened lower in monday trading and the u.s. stock futures and trending -- ...
July 24, 2011
a little girl with a heart of gold instead of asking for birthday presents, she asked that people help children half a world away. tonight her life comes to a tragic end, but her legacy lives on. good evening, everyone. im don lemon in atlanta. we welcome our viewers tonight watching around the world. youre in the "cnn newsroom." >> tmz says this is the last time amy winehouse was on stage, three days ago in north london. she supported her 13-year-old goddaughter, an aspiring singer he...
July 23, 2011
ask them to do the tough thing but the right thing. i think it has proven difficult for speaker boehner to do that. ive been left at the all are now a couple of times. >> dealing with the white house is like dealing with a bowl of jell-o. let me just say that the white house moved the goal post. they refused to get serious about cutting spending and making the tough choices that are facing our country on entitlement reform. so thats the bottom line. >> president obama has asked congres...
July 21, 2011
negotiations to continue. key elements of the republican establishment are trying to nudge the hard line conservatives to a compromise. defaulting on our debt is not an option. it has real, immediate, and potentially catastrophic consequences. the ratings agency standard and poors sent a team to capitol hill saying not raising the debt ceiling would stain americas credit rating and drive up interest costs for everyone. many house conservatives, though, arent ready to give up and some...