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Detailed text transcripts for TV channel - MSNBC - 20110730:22:50:00

doesn t want taxes to be part of the trigger. what they re talking about is the particulars, sort of so how do you guarantee that second round of deficit reduction if the joint committee fails, which, of course, is where they ve been stuck for three weeks. the president and boehner were stuck on it, reid and mcconnell were stuck on it. boehner and reid were stuck on it. this has been the sticking point for so long. now, what mcconnell does want here, there is a little bit of a game of leverage still going on, believe it or not at the last minute. reid has the leverage, he doesn t want to give it up. mcconnell wants him to give his bill up, so that they force more of the compromise that apparently mcconnell and biden, at least a framework of a compromise may have been agreed upon. he wants to force that to go. reid doesn t want to give that up, reid has been making progress picking off individual republicans. he doesn t have it yet, and

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