Nightly News   |  August 02, 2011

Autopsy of the debt battle

NBC’s Brian Williams reports on the most divisive and potentially dangerous moment in recent history in Washington.

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This content comes from a Full-Text Transcript of the program.

WILLIAMS: Good evening.

BRIAN WILLIAMS, anchor: The most divisive and potentially dangerous moment in recent history in Washington is now history. It was so ugly, even now that it's technically solved, it left otherwise sensible people worried about the future of their country. Here's what it sounded like when it ended.

Senator RICHARD DURBIN (Democrat, Illinois): The ayes are 74 and the nays are 26. The motion to concur in the House amendment to Senate bill 365 is agreed to.

WILLIAMS: So the bill passed the Senate with ease, then over to the White House , where the president signed it. The debt limit's been fixed, but big steps remain. They'll now go back at it. Cuts are coming. If the president gets his way, the rich will pay more. Just the fight over it is already affecting the US economy . Then at the height of it,