Detailed text transcripts for TV channel - FOXNEWS - 20110806:17:01:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20110806:17:01:00

worldest safest investments and allowed uncle sam to borrow at extraordinarily keep rates. savings pass on to you when you buy a home, car or credit card. >> reporter: white house press secretary carney put out a statement that did not mention the downgrade but talked about the circumstances that lead to the downgrade. carney said, the bipartisan commission on deficit reduction or the bipartisan compromise, i'm sorry, was an important step in the right direction. yet, the path to getting there took too long and at times too divisive. he says we must do better to make clear our nation's capacity to work together to tackle our challenges. that's the reaction of the white house coming this morning. >> we stand the white house is upset over this. there's a flood of reaction from capitol hill. what are we hearing from members of congress so far?

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