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Transcripts For CNNW CNN Newsroom 20110726

veterans group there at pennsylvania avenue being briefed on what could happen to their ranks if the debt ceiling is not raised. also cnn is learning some states making contingency plans. california specifically taking out a temporary $5 billion loan just to help pay its bills in case congress fails to act and turmoil in the credit market makes it difficult to borrow money after august 2nd. take a walk with me. i want to look at what exactly is proposed here. we have two different plans, two different bills on the table. one from democratic leader, senate majority leader harry reid, speaker of the house boehner there. here we go. first up, as we mentioned before, look, they definitely have similarities. first of all, both of them would cut spending. also neither plan would raise taxes. but there is one really huge difference we need to highlight. the reid plan would raise the debt ceiling beyond next year s presidential election, but the boehner plan here would raise the debt

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Transcripts For CNNW CNN Newsroom 20110726

word. the truth is that the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. as makeshift memorials spring up across norway, police and the public are searching for answers to friday s deadly attacks. the lawyer and suspect, anders breivik, the lawyer said his client is in insane. the suspect s father, who doesn t want to be identified, agrees. translator: no, i ll never have more contact with him in my darkest moments i think rather than killing all those people, he should have taken his own life. those are strong words from a father. translator: they are, punish thinking abo but thinking about what has happened, i still don t understand. no normal human being would do something like that. money from a u.s. defense contract is now in the hands of the taliban. the a u.s. military task force now believes that part of a $2 billion contract for troops transportation was diverted through a network of afr

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