Detailed text transcripts for TV channel - CNN - 20110411:21:29:00
>> and republican senator kay bailey hutchinson told cnn -- >> that is the one where we have got to see reforms before the debt ceiling is raised. >> congress sets the cap on how much money the federal government can legally borrow. the first limit was set in 1917. and now the situation is worse than it has ever been. >> its one of the few breaks that we have in the system, and there really shouldnt be an open ended credit card for congress. >> the credit card limit stands at $14.295 trillion an...
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