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CNNW In The Arena July 26, 2011

evening here in the nation s capital. just to underline the peril facing the united states economy, and the american people, democratic officials familiar with the president s speech expect him to say the country right now is, quote, in imminent threat of default. with only about one week left for democrats and republicans to agree on a deal to raise the debt ceiling. in a speech earlier today, the president alluded to the bitter political grid lock between both sides. are we a nation that asks only the middle class and the poor to bear the burden? after they ve seen their jobs disappear and their incomes decline over a decade? are we a people who break the promises we ve made to seniors or the disabled and leave them to fend for themselves? that s not who we are. we are better than that. we re a people who look out for one another. we re a people who believe in shared sacrifice. because we know that we rise or fall as one nation. congressional leaders from both par ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110725:22:39:00

Responsibility. what s your policy? people from both parties have said that the best way to take on our deficit is with a balanced approach, one where the wealthiest americans and big corporations pay their fair share, too. the bill also meets republicans two major demands. it contains no revenues, and the amount of the cuts meets the amount of the debt ceiling increases. i believe that the plan is full of gimmicks. we re not making any real changes in the spending structure of our government. it doesn t deal with the biggest drivers of our deficit and our debt. talking there about senator reed s plan on the side. the big development there is that it came out and it did not increase any taxes, at least right now on the table. ....

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Detailed text transcripts for TV channel - MSNBC - 20110725:21:06:00

For a balanced budget amendment. holding out ideologically. speaker boehner when asked about the reid plan earlier. let s listen. i believe that the plan is full of gimmicks. we re not making any real changes in the spending structure of our government, and it doesn t deal with the biggest drivers of our deficit and our debt, and that would be entitlement programs. the republicans they re not touching that either. putting it to the side now. how can he say that, then? they have forgotten the number one rule of hostagetaking. when the other sides gives into your demands you let the hostage go. i don t think they re interested in doing that. at least 100 members on the house republican side want to blow up the economy because they think they will save the economy. and they re certainly willing to risk a worldwide explosion at our expense. yes. in terms of the markets around the world. never know which day they re going south on us, but also they want something else. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110725:22:39:00

If your car is totaled, we give you the money for a ca one model year newer. to learn more, visit us today. responsibility. what s your policy? people from both parties have said that the best way to take on our deficit is with a balanced approach, one where the wealthiest americans and big corporations pay their fair share, too. the bill also meets republicans two major demands. it contains no revenues, and the amount of the cuts meets the amount of the debt ceiling increases. i believe that the plan is full of gimmicks. we re not making any real changes in the spending structure of our government. it doesn t deal with the biggest drivers of our deficit and our debt. talking there about senator reed s plan on the side. the big development there is ....

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CNNW The Situation Room With Wolf Blitzer July 25, 2011

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 ....

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