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CNN CNN Newsroom October 14, 2013 18:12:30

Transcripts for CNN CNN Newsroom 20131014 18:12:30
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CNN CNN Newsroom October 14, 2013 18:34:00

Source i was talking to is saying they re pushing democrats to do maybe even about the same length of time as this bill to fund the government. democrats, of course, are going to push for more time. that s a big part of the discussions i m told going on right now, the date for the debt ceiling increase, and then lastly, what republicans are still not giving up on is some kind of change to obama care. even if it s very, very minor, this republican source said that what they re pushing for is income verification for people getting federal subsidies for obama care in order to get their health insurance. that is something that republicans have been pushing for. it s pretty much a bipartisan idea, but of course, the whole question is whether or not the president and harry reid, the democratic leader, will allow that to happen as part of this deal. whether or not they will as a democratic source said to me, allow this to be held as ransom for opening the government and making sure the u.s. d ....

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CNN CNN Newsroom October 14, 2013 18:30:00

Nothing new, by the way, from the news agency. i looked back at 2011, at the last time we had this problem, and on that occasion, they said the united states had kidnapped the global economy. okay. we know that china owns a lot of the u.s. debt. how would, heaven forbid this happ happens, we are hoping for the compromise to be worked out, but if a default were to happen, how would it affect china? that s the interesting and rather sardonic part about this. yes, they have $1.2 trillion worth of u.s. government securities, so they are to some extent in the same leaky boat as everybody else. to mix my metaphors beautifully, i m not sure why if you re in a leaky boat, it behooves you to start throwing bricks if you re in a glass house. since they are affected. they are principal people who will be affected by any doubt in ....

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Detailed text transcripts for TV channel - MSNBC - 20131012:19:42:00

Kind of plan they would work out are still very much in flux. we don t really have one yet. there was some talk about senator susan collins plan, a republican from maine. but democrats didn t like it because it didn t do enough for them. republicans didn t like it because it did too much. really we re at a point where house republicans aren t liking anything the senate is putting forward and vice versa. gary, the president through his press secretary yesterday is hanging tough. take a listen. the president cannot as he said so many times pay ransom in exchange for congress fulfilling its fundamental responsibility, to ensure the united states doesn t default and pays its bills. gary, where s the room for compromise here? well, one of the things that s going unsaid is that i m getting feedback in my microphone so it s hard to speak. but obama has the ability to ....

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Detailed text transcripts for TV channel - MSNBC - 20131012:19:06:00

Go forward with the bipartisan bill? but the debt limit deniers crowd, if the markets go down and you see these reports coming out from goldman sachs which is very much on the right side of things in terms of political ideology, that the gdp of the united states could lose four percentage points if you had a default, that resonates with a lot of folks on capitol hill who use their brain frequently. luke russert, plainspoken as always, sir. thank you for your time on a saturday afternoon. i want to bring in eamon javers. he covers the market and politics for cnbc. simply, what happens if there is not a deal to raise the debt ceiling by october 17th? reporter: we get much closer, craig, to panic in the financial markets. we saw last week on thursday markets rally about 300 points just on rumors that a deal might be in the offing. you could see the reverse of that as we get closer and closer to thursday without any deal or signs that a dealmaking over the ....

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