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saying he ll fight for tax increases as the deficit spending debate enters its next chapter. a powerful new special congressional committee charged with finding an additional $1.5 trillion in savings over the next decade. the low-key signing ceremony at the white house came two hours after a 74-26 senate vote that sent the compromise plan from capitol hill to 1600 pennsylvania back after weeks of partisan sniping and jockeying in washington that we know leftmost of you disgusted. a new poll tonight said 77% of americans say congress acted like spoiled children during the debt debate. hard to argue against that? how unusual was the down to the wire debate? you don t see this every day or any day for that matter, this is an announcement from the social security system saying the benefit checks will go on tomorrow and beyond, as we break down the compromise and look ahead, this is more than a little sobering. the dow plummeted 266 points today, its eighth straight day of d ....
because i wasn t willing to try to make a point and at the same time drive the economy off into the abyss. but make no mistake, i don t know of a single democrat who voted for this bill who thought it was a good bill. not one single democrat. i know you said that the consequences of default would be catastrophic but it s interesting you say you would have voted for it if your vote was needed to make it pass. a critic could say well, then, that your vote is sort of about politics because you knew your vote didn t really matter so it was a safe vote to vote no on? no. it really wasn t about politics because i made that statement before the vote and i thought it was a bad bill. i talked about the fact that it was a bad bill. so the safest and easiest political vote was to vote yes. i mean, i stand in favor with the white house. i get kudos from folks who just wanted to get it out of the way but i registered a protest vote. some democrats today in a meeting with vic ....
traders are reacting to news of a deal. we need to get to jessica yellen who s at the white house now. the president came out a short time ago and said it appears a deal is in the works. not the perfect deal but one that will keep america from going into default. that s right, don. i have more information about how it came together. i came from a briefing with senior white house officials who say it happened between 8:10 and 8:20 when the vice president and the president, i should say and the vice president called the congressional leaders and affirmeded that they do, in fact, have a deal. this all started, we are told, after the boehner bill was voted on on friday. and once that went through, once they had the vote in the house of representatives they say things started rolling. they began negotiations here. as we have been reporting, vice president biden was actively engaged in talking back and forth with the leaders throughout the past few days. the white house has ....
washington doesn t reach a deal. so let s go there now. our congressional correspondent kate bolduan standing by as she has for so many hour. i hear nancy pelosi, democrats leader in the house also weighing in? reporter: she. behind closed doors for most of the day meeting with democratic leadership and came out a short time ago and, of course, was asked the question on everyone s mind. do you have a deal? have you signed on to a deal? while she wouldn t endorse a deal, she wouldn t shoot one down. she said she needs to speak with her democratic members in the house first. listen here. we haven t really i haven t seen the final in writing. you know with these thing, details are important and, again, i ll have a discussion with my caucus as to how this comes down. reporter: now, while, of course, we ll one time to know what comes out of, when she meets with the caucus. it is significant we talking about the framework of a deal, the fact they re even talking abou ....
good morning. great to see you this morning. thursday, july 28. this is american morning. advice teen out. we know yesterday a little stuffy. she sounded. it she is getting better hopefully at home today. a lot going on. imagine what our lead story is now? it s the debt. the republicans are scrambling to line up house votes to stave off a potential first ever default of u.s. debt. the deadline, you know, this, august 2 now less than five days away. the house is expected to vote on speaker bane are s plan sometime today and it comes after the house speaker laid into the republican rank and file yesterday ordering them to get in line. many of these people he is talking about are tea partiers who insist that his plan is too soft. even if the bill does pass senate democrats are saying they will oppose it and working on their own proposal which has been spearheaded by senate majority leader harry reid. so if both sides failing to reach an agreement, what happens? c ....