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CNNW CNN Newsroom July 20, 2011

in this country, a new debt ceiling compromise seems to be getting traction in washington. six senators, three republicans, and three democrats are offering a plan to cut the nation s debt by about $3.7 trillion over the next decade. it includes spending cuts and about a trillion dollars in new tax revenue. republicans have insisted on deep cuts and no tax increases before they ll agree to raise the country s borrowing limit. that debt ceiling deds line is now just 13 days away. minnesota s three-week government shutdown is over. democratic governor park dayton signed a budget bill today. he and republican lawmakers finally agreed to use accounting gimmicks to close the state s $5 billion shortfall. republicans refused to raise taxes. the shutdown left 22,000 state workers without a paycheck. and memphis public schools may not open august 8th as scheduled because of a budget fight. the school board says no classes till the city pace $55 million. the board says the c ....

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CNNW Anderson Cooper 360 July 14, 2011

a democratic source telling it differently, saying the president challenged mr. cantor for what the source called talk out of both sides of his mouth . they ll be back at the table tomorrow. the stakes could not be higher. moody s today put america s credit rating on review hinting at a possible rating drop. ben bernanke says defaulting on the debt would be catastrophic. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing accounts? reporter: democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you have said, the house majority leader, had endorsed doing a deal that did reduce the deficit and that had some of these various components we talked about. but when he supported the short-term deal which as you ve pointed out the president has made clear he opposes, the president sort of told the entire ....

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CNNW Anderson Cooper 360 July 14, 2011

sitting here? i ve reached my limit. this may bring down my presidency but i will not yield on this. congressman cantor says he says don t call my bluff, i m going to the american people on this. finally cantor says he pushed back from the table and left. a democratic source telling it differently, saying the president challenged mr. cantor for what the source called talk out of both sides of his mouth . they ll be back at the table tomorrow. the stakes could not be higher. moody s today put america s credit rating on review hinting at a possible downgrade. ben bernanke says defaulting on the debt would be catastrophic. the chamber of commerce also sounded the alarm. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing accounts? reporter: democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you ha ....

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CNNW Anderson Cooper 360 July 14, 2011

jessica yellin is at the white house tonight with what her sources are telling her. jessica, what have you heard from these differing accounts? reporter: anderson, democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you have said, the house majority leader, had endorsed doing a deal that did reduce the deficit. and that had some of these vary krause components we talked about. but when he supported the short-term deal which as you ve pointed out the president has made clear he opposes, the president sort of told the entire group that this is exactly what americans think of as washington at its worst, washington catering to the base, catering to politics, putting their own political future ahead of doing important things and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how y ....

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