Detailed text transcripts for TV channel - FOXNEWS - 20110130:23:44:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20110130:23:44:00

deadline they set for the raising of the debt limit -- >> no, no, talking about the continuing resolution. >> my sense is there will be a huge fight. i mean, a huge fight over the continuing resolution and over the -- lifting the debt limit and it will revolve around the efforts that will originate in the house of representatives to cut spending in a wide range of areas and significantly within the narrow part of the budget, nondefense discretionary but it will make a difference and my guess is it will get compromised in the end. and, may be temporary extensions as they negotiate, pass the short-term cr, and the house republicans are recognizing there could be a strategy in that, where you keep passing the short-term crs and, the year is over and you haven't cut anything. and, there's a price to be paid for every one of these. there will have to be spending restraints and they think they have the political high ground the public manifestly, large

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