Detailed text transcripts for TV channel - MSNBC - 20130112:12:49:00
The president goes around them. the president isn't saying he's willing to do that and says the debt ceiling must be raised and that's because the debt ceiling represents spending that is already appropriated by congress. republicans say they want to trade it dollar for dollar, every spending cut has to be measured by the increase in the debt ceiling, but there is already some weakening republican ranks about whether they will go through. forcing a dae fault on the debt would be catastrophic to the country. it's very hard to hold that up as a hostage. >> we look at march 1st as a drop dead dea...
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