Detailed text transcripts for TV channel - MSNBC - 20110731:18:07:00
Hard decisions, something forces congress's hand. so again, what will the president accept as a consequence to force the congress's hand? >> again it might be more enjoyable to negotiate this with you this morning. i can't get into a great amount of detail, but i think that, one, we have to make sure that you can agree on the initial set of spending cuts. the process for the committee, it's essential we think that the debt ceiling get extended off into the future so it doesn't hurt the economy. then we want to make sure whatever enforcement mechanism is something, one, that if it were triggere...