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Detailed text transcripts for TV channel - MSNBC - 20110731:11:09:00

Because bavor couldnt sell the revenue increases to the party. last were holding the world to ransom. one more thing, michael. in that process, the politics are now poisoned. the bipart sn approach lost and there are more hurdles along wait such as the balanced budget amendment. they dont sign by those rules, michael. >> and this speaking to an edifice behind you. eve you if they cut the deal, the aaa bond rating reduced it will be on the presidents watch. >> reporter: right. thats the issue for...
Bavor Couldn T Michael Smerconish Revenue Increases Bipart Sn Approach Balanced Budget Amendment Those Rules

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