Detailed text transcripts for TV channel - KGO - 20110714:10

Detailed text transcripts for TV channel - KGO - 20110714:10:02:00

when you can prove your geekdom by showing to it your friends. >> i would like to see my face in space. i might do this. i might get on board with this whole thing. >> not quite the international space station but still technically in space. >> there you go. we're going to tell you how to do it. but first, it did get pretty testy between the president and republicans. sources tell abc news that tempers began rising after a top republican suggested the two sides were too far apart to come to a deal and then proposed a short-term fix to raise the debt ceiling just until next year. >> and that's when the president warned, don't call my bluff, and brought the meeting to a close. and there's a new warning about the nation's financial health. abc's john hendren has the latest now. good morning, john. >> reporter: good morning, daniel and peggy. those debt talks continue by the day. but now there is a new and urgent incentive to come to a deal. the nation has been put on warning. moody's credit rating service warned that if the united states fails to make substantial progress on raising the nation's credit limit by mid-july it would downgrade the country's debt.

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