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Transcripts For CNNW CNN Newsroom 20110801

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 house spea

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Transcripts For CNNW The Situation Room With Wolf Blitzer 20110801

i ll ask about red hot democrats. stay here and hear how it plays out. i m wolf blitzer here in the situation room. we ve been expecting the house to vote on raising the debt limit. but it has not happened yet. the debt deadline is looming larger than ever. the deal would raise the debt limit $900 billion in the short term and green light spending cuts of roughly the same amount over ten years. offset dollar for dollar by more spending cuts. there s a lot of huge ifs involved in making all of that happen. let s go to capitol hill. kate baldwin is standing by. what are we toll about when it will take place? of. the timing is very fluid, wolf. the question is, will this compromise bill pass the house? speaker john boehner in a press conference wouldn t answer the question when i asked him if he had enough votes. but the paul ryan seemed pretty confident this afternoon. listen to him. some have various concerns, whether it s going to prevail. i think we have a majority o

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