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CNNW John King USA August 2, 2011

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 d ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110801:22:01:00

Where we are in the voting process right now. mike? reporter: bret, good evening. a lot of discussion on capitol hill. lawmakers sounding off on what they don t like about the bipartisan debt compromise. the house is due to vote first this evening, speaker boehner made it clear it s not just on his shoulders to deliver the votes to pass it. this is an agreement between the bipartisan leaders of the congress and the president of the united states. vice president biden on capitol hill spent 2-1/2 hours speaking to upset house democrats, unhappy with the spending cut in debt compromise. i didn t go to convince. i went to explain and lay out exactly how we got to where we were and why this is so important for the country. my career up here after 36 years i never ask another perp to vote against what they have interest on. i was confident my sense, i was treated well. my sense is that they expressed all of their frustration. ....

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CNNW CNN Newsroom August 1, 2011

9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could see the beginning of the end of the debt crisis. it s been the issue in washington for weeks. and you re probably tired of the finger pointing and doomsday predictions. today, that could all come to an end if the house and senate approve a compromised plan. the deal identifies about $1 trillion in spending cuts over ten years and raises the debt ceiling by about the same amount. bipartisan committee must find ways to trim another trillion a, a so-called deficit posse. the president and hous ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110731:17:02:00

Some of the tea party folks will not be happy with the details they hear but they are trying to find a compromise and obviously the clock is ticking. shannon: thank you very much. what does happen if the nation fails to raise the debt ceiling by the deadline on tuesday? nobody really knows for sure. most experts agree the country may not have enough money to pay all of its bills and that means $23 billion of social security checks set to go out on wednesday could be in jeopardy. bondholders will still get paid but that will come at the expense of unemployment, medicaid and defense spending. and you are looking live at the senate floor. a cloture vote going on to the bill, the debt compromise put together by senate majority leader harry reid. they are moving forward with a bill, at least cloture vote to get to the bill that most people do not think will be ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110731:17:02:00

There will not be tax increases in this proposal. bottom line, the most liberal members are not going to be happy with the details they hear. some of the tea party folks will not be happy with the details they hear but they are trying to find a compromise and obviously the clock is ticking. shannon: thank you very much. what does happen if the nation fails to raise the debt ceiling by the deadline on tuesday? nobody really knows for sure. most experts agree the country may not have enough money to pay all of its bills and that means $23 billion of social security checks set to go out on wednesday could be in jeopardy. bondholders will still get paid but that will come at the expense of unemployment, medicaid and defense spending. and you are looking live at the senate floor. a cloture vote going on to the bill, the debt compromise put together by senate majority leader harry reid. they are moving forward with a ....

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