Detailed text transcripts for TV channel - MSNBC - 20110725:13:04:00
Some deal doesn't pass both houses. what we know is going to happen today -- speaker boehner will announce his own plan a two-step process, raising about a trillion, stoix nine months, creating a joint committee of a bipartisan committee, six democrats, six republicans who have to come up with about another $2 trillion in cuts to trigger this second debt ceiling increase. the boehner folks argue it's a similar two-step process they were working with the white house on except instead of the debt ceiling as the trig ter was going to be either bush tax cuts and the health care mandate. we shall s...