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Transcripts For CNNW CNN Newsroom 20110726



for post august 2nd if no plan is agreed to. if the treasury couldn t meet its obligations, a bill being circulated would prioritize payments, social security checks and paychecks for troops. everything else would be covered if possible with cash on hand or put off until we can take on more debt. two main default avoidance plans remain on the table right now. speaker boehner s plan would raise the debt ceiling twice, this year and next, with spending cuts now and an election year overhaul of the tax code and entitlements. in the senate, majority leader reid is pushing $2.7 trillion in spending cuts with a $2.4 trillion hike in the debt ceiling. reid s plan would not include tax increases, nor touch entitlements, nor require any follow-up votes in 2012. all right. i m going to stop talking right now because we want to hear from you today. you have heard the speeches, the pitches, the accusations, denials and doomsday predictions. what do you make of it all? we sent camer ....

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Transcripts For CNNW CNN Newsroom 20110726



word. the truth is that the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. as makeshift memorials spring up across norway, police and the public are searching for answers to friday s deadly attacks. the lawyer and suspect, anders breivik, the lawyer said his client is in insane. the suspect s father, who doesn t want to be identified, agrees. translator: no, i ll never have more contact with him in my darkest moments i think rather than killing all those people, he should have taken his own life. those are strong words from a father. translator: they are, punish thinking abo but thinking about what has happened, i still don t understand. no normal human being would do something like that. money from a u.s. defense contract is now in the hands of the taliban. the a u.s. military task force now believes that part of a $2 billion contract for troops transportation was diverted through a network ....

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