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Debt Crisis Goes Down To The Wire44:49
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Jacki Lyden in for Tom Ashbrook

With the August 2nd deadline looming, we’ll take a look at the latest in the debt ceiling crisis in Washington.

Senate Majority Leader Harry Reid talks to reporters about the Democratic plan to trim the deficit and avert a debilitating default on Capitol Hill in Washington.  (AP)
Senate Majority Leader Harry Reid talks to reporters about the Democratic plan to trim the deficit and avert a debilitating default on Capitol Hill in Washington. (AP)

A debt deal in Washington may have averted nightmares, but is unlikely to quell public anger or disgust—even if it passes.

Today, parsing the national mood as over a congressional strategy that is not quite resolved. Markets are happier, bond ratings may have been saved.

But political good will has been spilled in the streets of Dodge City at high noon. What’s next though for the 25 million jobless and the underemployed?

This hour On Point.
-Jacki Lyden
Guests:

Bob Cusack, managing editor of The Hill.

Richard Green, professor and director and chair of the USC Lusk Center for Real Estate.

Christina Bellantoni, associate politics editor CQ Roll Call.

Jack BeattyOn Point news analyst

This program aired on August 1, 2011.

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