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have a great weekend. you re in the cnn news room where the news uned fors live this saturday, july 16th. live pictures now from washington where it s a day off from the talks about the debt ceiling, but not because there s a done deal. president obama and congressional leaders are still at an impasse after discussions at the white house all week long. the president maintained during his weekly address he wants to consider both tax hikes on the wealthy and spending cuts on popular entitlement programs. we ll try to get the president s the address now a moment. the republican response? a different take on the issue. they insist that tax hikes are off the table and a balanced budget amendment is needed. the solution to a spending crisis is not tax be ins. yet washington is consistently demonstrated that it cannot control its urge to spend. that is why the only long term solution is a balanced budget amendment to the constitution. only by restoring constitutional res ....

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