Detailed text transcripts for TV channel - FOXNEWS - 20110516:16:11:00
Democrats and particularly the administration have been talking about how dire the situation is and that the treasury secretary sends out this letter saying that the statutory debt limit has been reached as of today, and that he can only move the shells around until early august. that said, it doesn't seem to be a lot of fast tracking, as far as consensus. the going bet here in washington is that the debt limit increase will happen, but there will be strings attached to it, what those strings are they haven't worked out yet. jenna: and those are the important strings indeed. thank you very muc...