August 1, 2011 - Full Episode | Nightly Business Report | PBS

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How is August 1, 2011 - Full Episode | Nightly Business Report | PBS

August 1, 2011 - Full Episode | Nightly Business Report | PBS Tube. Duration : 24.60 Mins.

We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Medicare Part A . Nightly Business Report for August 1, 2011 - Full Episode Read full text transcript: www.pbs.org Monday, August 01, 2011 Debt Deal Returns to Congress TOM HUDSON, NIGHTLY BUSINESS REPORT ANCHOR: And there's one day left, after weeks of bickering here, Susie, it is shaping up to be another awfully busy night in Washington. The US House of Representatives is debating the measure now and is expected to start voting on a debt ceiling issue any moment now. SUSIE GHARIB, NIGHTLY BUSINESS REPORT ANCHOR: It's another one of those nail-biters, Tom. And if the bill passes the House, as expected, the measure heads to a Senate vote tonight and could land on President Obama's desk as early as tomorrow morning. HUDSON: Now the bill calls for raising America's debt ceiling by .4 trillion by the end of next year and cutting nearly .5 trillion in government spending in two steps. Our Washington bureau chief Darren Gersh joins us live now from the Capitol with the latest -- Darren. DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Yes, hey, Tom, you know, the House is about to go through some procedural votes and get down to the business of finally passing this. And then the Senate is expected to follow as soon as tonight or tomorrow. So we're going down to the wire. Congressional leaders spent most the day selling the debt limit package to the last holdouts. REP. JOHN BOEHNER (R-OH), HOUSE SPEAKER: My goal is to get this bill passed, signed into law, to solve this debt crisis, and ...

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