Deal or No Deal: Debt Deal vs. NFL Lockout Deal

Friday, July 22, 2011

There are two major stories in the news both revolving around deals that have been held up by long, entrenched standoffs.

First, the debt debate wages on in Washington. After hours of closed-door meetings with high-level members of Congress, rumors floated around Capitol Hill yesterday that President Obama and Speaker of the House John Boehner were close to reaching a debt deal that would call for as much as $3 trillion in savings. 

Officials said that no formal agreement had been reached and downplayed the efforts, likely in an attempt to stave off criticism from hardliners in both parties. Going into the weekend, the official word is that Congress and the White House have not reached an agreement. Takeaway Washington correspondent Todd Zwillich says anything is possible in these final days. 

Nando Di Fino, sports reporter for The Wall Street Journal, has the latest on another standoff, the NFL lockout. Yesterday, NFL owners approved a deal, bringing a new football season one step closer. But what will the players decide?

Guests:

Nando Di Fino and Todd Zwillich

Produced by:

David J Fazekas and Arwa Gunja

Comments [1]

Cheryl Wells

Not one comment or question on your part about
WHAT are the Senators & Representatives giving up!
How much are they cutting their 100% pay for life?
How much are they cutting their luxury medical plan?
How much would their cuts contribute to the budget?
What about all those on the payroll who are now retired?
How much of their income to they contribute to their "entitlements" ?
Or, are their Entitlements just that and not a percentage of their income for life, as it is for the tax payers?

Jul. 22 2011 08:31 AM

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