Detailed text transcripts for TV channel - MSNBC - 20120727:05:18:00
>> in the end, to raise the debt ceiling, john boehner attached to it automatic spending cuts that he stupidly believed congress would be able to avoid by somehow miraculously coming together on an agreement about how to finance government in america. here is what john boehner's democratic counterpart in the house of representatives said today. >> we can avoid the sequester if we just come together at the table in a balanced and fair way. >> and here's what the white house had to say avo abouting the boehner spending cuts that boehner now fears. >> the president himself has said there's no rea...