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also tonight, ari fleischer and james carville get in a heated exchange. john mccain today snacking down fellow republicans. he s providing a reality check and so are the financial markets. the dow industrials today dropping nearly 200 points, making it four losing days in a row. the nasdaq and s & p down even more sharply. now, anyone with a 401 k has got to be worried at this point and watching this closely or should be. but assume for a minute that washington gets in gear and passes some kind of debt reductions deal before the treasury runs out of money and the markets react. will it be the kind of deal that most americans say they want? keeping them honest, the answer seems to be no. take a look at the latest cnn opinion research center polling. it shows 64% prefer a budget plan with a mix of spending cuts and tax increases. 34% say cuts only. that s consistent with other polling which is averaging nearly 2 to 1 in favor of what president obama and others call a bal ....
exchange. john mccain today snacking down fellow republicans. he s providing a reality check and so are the financial markets. the dow industrials today dropping nearly 200 points, making it four losing days in a row. the nasdaq and s & p down even more sharply. now, anyone with a 401 k has got to be worried at this point and watching this closely or should be. but assume for a minute that washington gets in gear and passes some kind of debt reductions deal before the treasury runs out of money and the markets react. will it be the kind of deal that most americans say they want? keeping them honest, the answer seems to be no. take a look at the latest cnn opinion research center polling. it shows 64% prefer a budget plan with a mix of spending cuts and tax increases. 34% say cuts only. that s consistent with other polling which is averaging nearly 2 to 1 in favor of what president obama and others call a balanced approach. he said on monday that s what he wants. you say ....
and travelers squashed by major airlines. but first, to the desperate race against the clock to secure what president obama is calling america s national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nation s debt ceiling. failure to do so could downgrade america s debt rating and could be extremely damaging for global economy purposes. let s get all the angles. we ve just learned the president will be addressing the nation later to. kate baldwin is up on capitol hill. first to you. what s the very latest, the thinking behind the president s decision to address the nation and the world tonight? wolf, the thought was that the president like lly today ha to come out put and exclamation point on a very busy day. fruns and senate democrats, laying out their plans. already today, we saw a statement from the white house press secretary jay carney, endorsing senate majority leader reid s plan. and i ll save ....