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Detailed text transcripts for TV channel - FOXNEWS - 20131015:22:08:00

basically we re going to be running on fumes. there s just going to be maybe something in the neighborhood of $40 billion and then you have to start making choices about what you pay. do social security payments go out, et cetera. the other thing they re watching is the fact that fitch, this ratings agency today, said we re on watch. they didn t say they were going to downgrade u.s. debt, but we re on a watch. and that s important because you ll remember in 2011 there was that s&p downgrade. and that really hit the economy. and i think the point from jay carney all the way up to the president is why test this out. let s get a deal now. and in fact the president just did an interview with wabc tv in new york and he said he s still confident there will be a deal. but he noted time is running out. i think that is something everybody agrees on. yeah, fitch with a watch negative considering a downgrade but not official. mike, ed, we ll head back for any breaking news. thank you. stocks we

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