Detailed text transcripts for TV channel - KGO - 20110728:10

Detailed text transcripts for TV channel - KGO - 20110728:10:03:00

boehner's plan would raise the nation's debt limit for half a year. senate majority leader harry reid's plan would raise it to 2013, past the next election. but neither is gaining steam. rob and tanya. >> funny how "the town" somehow got interjected in the debt ceiling. >> what do you think about playing that movie there? >> i guess it's a way to inspire and motivate the troops. is it really time for movies? let's get on with it. >> that's right, let's get it done. all the stalemate in washington is already having an effect on the economy even before a default. after the dow dropped 200 points, overerasasarkets this morning are already plunging. >> investors are flooding their brokers and advisers with calls. our coverage continues with abc's business editor dan arnall. good morning, dan. >> reporter: good morning, rob and tanya. investors have certainly taken notice of what's happening or not happening in washington. the stock market marking four straight days of losses, down 422 points since last friday. folks are worried that the increasingly likely downgrade of

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