mr. phillips? >> thank you, mr. speaker. could my right honorable friend clubhouse what the results have been? the government has made an assessment of what the proposed cut would do to the economy at this stage of the cycle? >> i do think my right honorable friend raises an important point, which is to make an unfunded cut to the v a t right now. it would be the height of insanity, and i think what is clear is that this plan stands for bankruptcy. >> the prime minister says we are all in this together. 1,400 pounds a year. >> what this government has done is put in place a bank levy, raising more than the labour solution. seeing people pay proper taxes, why did they vote against the measures in the finance bill that will raise 800 million pounds from people who are giving loans to themselves to dodge taxes? i think that is probably a detail that the leader of the labour party was probably not aware. >> we should not be making an international contribution to the greek bailout. does the prime minister agree we have something

mr. steven phillips. >> thank you very much, mr. speaker. could my right honorable friends tell the house whether and if so, what the results have been the government has made an assessment of what a proposed cuts in v.a.t. would do to the economy this stage of the cycle? >> well, i do think my right honorable friend raises an important point. which is to make an unfunded cut to v.a.t. right now when the coerns are about debt and deficit. woulactually be the height of insanity and i think what is now clear is that labour's plan b stands for bankruptcy. >> helen jones. >> the prime minister frequently tells us that we're all in this together. so can he explain why banks have been rewarded with a 2 billion pound tax cut on their obscene bonus rules and parents of disabled children are being penalized with a benefit cut of 1,400 pounds a year? how is that fair? >> well, i'll tell you what this government has done which has put in place a 2.5 billion pound bank levy raising more than labour's bonus tax every single year. but i have to say, if me

mrs. ruth olestad. >> the honorable ambassador phillip murphy, u.s. ch preav, and his wife. mr. john schumacher and his wife, mrs. mary briggs. mrs. claus klineses and his wife, mrs. deidra klineses. mrs. leland kennedy and her guest, ms. tina hoskaovich. the honorable secretary eric shinseki, secretary of veterans affairs, and his wife, mrs. patty shinseki. mr. john john kuhni and his wif, mrs. barbara kuhni. >> i feel great about being here tonight and i'm wearing a rented tuxedo. no, what are you wearing? i'm a lawyer in chicago. you guys all look great. mr. robert b. hansen and his wife, mrs. kathleen hansen. mr. douglas redacker. the honorable senator amy clowbashar and her husband, mr. john mittsler. >> this would be, o.k., cost $170. >> and the shoes? >> $29. yes, that's correct, macy's. there you are. thank you. >> mr. eric garsety and his wife, ms. amy wacliff. mr. james rogers and his wife, mrs. mary ann rogers. mrs. carol fulke and her husband, mr. bernie fulke. mr. samuel palmisano. the honorable secretary timothy geithner, secretary of the

mr. obama says the u.s. is just weeks from a default that could bring ruin to the economy. greece shows what fear of default looks like. mark phillips in athens on a close call for the economy. what happens when you stop paying your mortgage? jim axelrod discovered for thousands of americans the answer is: nothing. and the hard times' generation-- in the one place where child homelessness is greatest, the kids lose their refuge. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. president obama stepped into the east room of the white house today and said what no president has ever had to say: >> nobody wants to see the united states default. so we've got to seize this moment and we have to seize it soon. >> pelley: speaking there at a news conference, the president warned the country will default on its debts on august 2 unless congress raises the government's borrowing limit. default, he said, would hurt an already-struggling economy. in a cbs news/"new york times" poll out tonight, only 8% of americans say mr. obama is to blame for the condition of the economy, but 52% disapprove

phillip celebrated list 90th birthday. his celebration a much quieter affair. >>> another headache for the international monetary fund. a cyber attack. >>> also ahead, happy birthday mr. bubbles. a celebration for a legendary soap that has kept kids and adults clean for a generation. >>> we have some clouds for tonight. but then it will clear out by tomorrow. we have a forecast that is looking good. the pinpoint forecast is coming up. hey marcel, watch this! hey marcel, watch this! [ buzzer sounds ] [ cheers and applause ] ♪ hey marcel, watch this! yeah, marcel! -marcel! -hey marcel! are you listening to me? marcel! [ male announcer ] only at&t u-verse lets you follow your favorite channels on one screen. just $29 a month for the first six months -- dvr included. we were the first to ban smoking on airplanes. the first to have smoke-free bars and restaurants. all while saving over $86 billion in health care costs... and over a million lives. we've done a good job. but even if you were born today, you'd still grow up in a world where tobacco kills more people... than aids, drugs, alcohol, murder and car crashes... combined. we have a lot more work to do. >>> strong wi

mr. spacely and george jetson. >> come on. >> they should be dionne warwick and the psychic friends network. we don't know who's running next month. maybe you will be president, president phillipshat's a scary thought. skeletons out of the closet, i don't think so. like you running for president, pete. >> i can do the negative attack ads now. >> exactly. you and i against each other, who would be worse? newt gingrich, michele bachmann, said in the recent weeks president obama hasn't done enough for african-americans. exit polls show obama took 95% of the black vote in 2008. could their support really be up for grabs in 2012? dana? >> i don't know. i think it's -- it would be very difficult to say it wouldn't be considering that when this president took office, black unemployment was at i think 11% and now it's at 16%, over 16%. i mean you have to look at the fund numbers here. a huge amount of job loss in the black community from a president bringing hope and chase. jesse jackson saying i don't see it happen. national black chamber of commerce said this guy is against business. >> dana extra five seconds, look at her. i have to give you more than cornell. >> talkative today. >>