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Transcripts For CNNW John King USA 20110802

saying he ll fight for tax increases as the deficit spending debate enters its next chapter. a powerful new special congressional committee charged with finding an additional $1.5 trillion in savings over the next decade. the low-key signing ceremony at the white house came two hours after a 74-26 senate vote that sent the compromise plan from capitol hill to 1600 pennsylvania back after weeks of partisan sniping and jockeying in washington that we know leftmost of you disgusted. a new poll tonight said 77% of americans say congress acted like spoiled children during the debt debate. hard to argue against that? how unusual was the down to the wire debate? you don t see this every day or any day for that matter, this is an announcement from the social security system saying the benefit checks will go on tomorrow and beyond, as we break down the compromise and look ahead, this is more than a little sobering. the dow plummeted 266 points today, its eighth straight day of decline

President-obama
Government
Debate
Taxes
Obligations
Role
Clock
Compromise
Way
Spending
Process
Debt-ceiling

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