CBS Evening News - 2008-07-28

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Read a transcript preview of “CBS Evening News - 2008-07-28” from malgent, uploaded on 2024-06-07.

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Language: English (YouTube automatic captions)

[0:02] [Music]

[0:03] tonight the biggest budget deficit in US

[0:05] history is forecast and across the

[0:07] country state after state is sharing the

[0:10] pain what the presidential candidates

[0:12] propose to do about it I'm Katie kurick

[0:15] also tonight as CBS News investigation

[0:18] Americans struggling to make ends meet

[0:20] turned to questionable payday loans but

[0:23] that quick fix can get them in very deep

[0:26] trouble an endless cycle a dead end the

[0:30] Army is again accused of bullying young

[0:31] men to enlist will have an exclusive

[0:34] report and drugs designed to lower

[0:36] cholesterol may have another big benefit

[0:40] preventing

[0:45] dementia this is the CBS Evening News

[0:48] with Katie

[0:50] kurick good evening everyone and Welcome

[0:53] to our first broadcast in high

[0:54] definition a new president will take

[0:56] office 25 weeks from tomorrow and after

[0:59] he's sworn in he'll find something on

[1:01] his desk that may just make him swear

[1:03] again the White House estimated today

[1:06] President Bush will leave his successor

[1:07] of federal budget deficit approaching

[1:10] half a trillion dollars 75 billion more

[1:13] than it was projecting just a few months

[1:15] ago both John McCain and Barack Obama

[1:17] were quick to blame Mr Bush for the red

[1:20] ink but what would they do about it

[1:22] here's chip

[1:24] Reed in Washington today Barack Obama

[1:27] huddled with his economic team people

[1:29] who served presidents from Carter to

[1:31] Clinton even George W bush we have to

[1:34] change course and we're going to have to

[1:36] take some immediate action one of his

[1:38] first priorities ending the Bush tax

[1:40] cuts for people making more than

[1:42] $250,000 a year and using the money f

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