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Speaker Mike Johnson Colludes With Democrats To Raid Medicare

Transcripts For CNNW John King USA 20110721

negotiations to continue. key elements of the republican establishment are trying to nudge the hard line conservatives to a compromise. defaulting on our debt is not an option. it has real, immediate, and potentially catastrophic consequences. the ratings agency standard and poor s sent a team to capitol hill saying not raising the debt ceiling would stain america s credit rating and drive up interest costs for everyone. many house conservatives, though, aren t ready to give up and some of them won t budge. they say if there s any new taxes in this deal at the end, they would rather have the first default in american history. in our new cnn/orc poll gives us a fresh sense of what you think. 34% of americans say any deal to raise the debt ceiling should include only spending cuts. but nearly two thirds, 64%, say the deal should include a mix, spending cuts and tax increases. that s what president obama wants and here s a little more proof he at the moment has the upper han

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