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July 29, 2011
there are signs of deep trouble in the house of representatives. speaker john boehner is trying to rally enough votes for the debt crisis. his republicans in the red hold a substantial majority. at least 60 of their members shown here in yellow are affiliated with the tea party. they are pushing against a compromise with the democrats over here. they appear to have risen in revolt, once again. how many? we dont know. the speaker has to bring roughly two-thirds of them into his camp if ...
July 29, 2011
really arent too terribly far apart and the deal can be done by the august 2nd, tuesday deadline. lets listen to the president, this is when he spoke around 10:30 this morning. lets listen. >> good morning, everybody. i want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit. right now, the house of representatives is still trying to pass a bill that the majority of republicans and democrats in the senate have already said they wont vote ...
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
elected to office, and yet they play worse than 3-year-olds. >> id fire them all. >> what would it take to get a deal done? ill ask the white house and the republicans. plus, what this crisis is already costing you. and adam levine, rock star, maroon 5 front man. hes sold more than 15 million albums. hes conquered tv on his first season of "the voice." >> christina takes things to a whole new level, right? you can level with me. >> i cant on national television. >> but tonight his bigg...
July 28, 2011
hour. the details just coming in. an awol muslim american soldier now in custody in texas found with what the fbi is now saying is a large amount of bomb-making material near ft. hood. barbara starr is all over the story and will join nus a few minutes. first, debt debate but no deal. it all comes down to numbers. i dont mean 13-digit numbers with dollar signs in front of them. i mean this number. take a look here. five days until the treasury says it will run out of borrowed money. fi...
July 28, 2011
tea party demanding more cuts in federal spending, a cap on future budgets, and a balanced budget amendment. but at a republican caucus meeting speaker of the house john boehner told everyone in his party, and i quote, "get your ass in line." and listen to senator john mccain. >> what is really amazing about this is that some members are believing that we can pass a balanced budget amendment to the constitution in this body with its present reputation, and that is foolish. that is wors...
July 27, 2011
countrys coveted aaa credit rating could be compromised. the unpresence dented consequences for all of us. and why some lawmakers argue the looming august 2 deadline isnt the armageddon the president says it is. im wolf blitzer. youre in "the situation room." were only five days away from what could lead to unprecedented default in the united states if the political sparring between our elected officials here in washington doesnt stop. and we cant emphasize enough how devastating the r...
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
blame. the debt crisis, here you go. the deepening stalemate. president obama reaches out to a new player and the game is you. in norway, breiviks father wish his son would have killed himself rather than slaughter dozens of people. bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs o...