Detailed text transcripts for TV channel - MSNBC - 20110731:14:09:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20110731:14:09:00

actual solution. nobody wants major cuts to defense on republican side and nobody wants major cuts to medicare this is a stick to the committee saying getting done, find something. that would trigger the -- that would trigger then the mcconnell disapproval process. and this is complicated, but essentially what it means, the president would send his spending cuts to congress and then 2/3 would have to disapprove of that after this whole process happens and the debt ceiling is raised. all that is because the white house wants to make sure they don't want have to go through this process all over again. alex. >> one thing, to men domenco, a see the major sticking pointed? a while we talked about the balanced budget amendment, the tea party putting that in as part of the package. is that still it, or is it beyond that? >> the balanced budget amendment doesn't look like it will happen, but you could have a separate vote so there is a

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