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Transcripts For CNNW State Of The Union 20110724

he s the president. come on out to the lawn of the white house with a microphone and tell us your plan on entitlement reform. and he won t do it because he doesn t have the courage to do it. i m candy crowley. and this is state of the union. late into the night, leaders scrambled for a last-minute debt deal, a two-step plan that would raise the debt ceiling through 2011 in exchange for about a trillion dollars in spending cuts. both sides are on board. but the hang-up is a second increase that will be needed in 2012. before that happens republicans want a special commission to outline future reductions. a no-go at the white house. i spoke with treasury secretary tim geithner earlier. thank you so much for joining us. nice to see you. you heard the two-tier plan coming from the republicans. let me have the white house take on it. let me tell you what we re trying to do, okay? the most important thing is we remove threat of default from the country for the next 18

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