Detailed text transcripts for TV channel - MSNBC - 20110419:17:01:00
Debt. >> congress is going to pass an increase in the debt ceiling. they recognize that. they know they have to do that. they have always done that. that's not the issue. the real challenge is to make sure we put in place multiyear targets that put the deficit on a path that declines over time so that the debt burden starts to decline. that's the economic imperative. that's the important thing to do. >> we're joined by cnbc's steve liesman to help us make sense of the debt crisis. and the way the president and the white house are responding to the s&p warnings. first, to your interview with ti...
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