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Detailed text transcripts for TV channel - CNN - 20120109:17:07:00

By borrowing and then of course the recession hits and the recision hit and bailouts followed. bailouts for bank, automakers, mortgage services and now, guess what, the u.s. is in debt up to its eyeballs. boy, i ll say. for those that catch the news now and again and don t follow it every day like you and i do, congress has been at it. they have been at each other. they have been taking to the mike about what they are doing and not doing. where do we stand in those debt reduction efforts? okay. so here s the first effort that s going to take effect. $1 drill general in auto spending cuts. those kick in. that s the byproduct of the super committee from last fall. their failure, sort of the aftermath. but clearly it s not enough money. debt is expected to rise from $15 trillion to 23 trillion in the next ten years. clearly spending needs to be slashed, more revenue needs to come in and obviously that s not ....

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CNNW CNN Newsroom January 9, 2012



my son had a lot of friends back then. they all hang out together, hang out with jerry sandusky and i think you should talk to these other boys, too, not week in they would say. she pointed them in these boys direction. amir hekmati an ex-marine, born in arizona, raised in michigan. his family says the 28-year-old was arrested in august while visiting his grandmother and other relatives in iran. they say his reported confession, quote unquote, had to have been coerced. also in the news, emotional moments last night at a memorial service marking the one-year anniversary of the tucson shooting mass sack they re left six people dead. congresswoman gaby giffords, one of 13 people wounded, recited the pledge of allegiance. one nation, under god, indivisible, with liberty and justice for all. such a goose bumps moment. she, by the way is still recovering from her injuries from that incident. and the pharmaceutical company novartis is recalling several of its produc ....

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