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Detailed text transcripts for TV channel - FOXNEWS - 20110501:17:18:00

The spreadsheet. they took the political climate into account and called it very divisive. from what i m hearing it doesn t sound like there is much common ground right now. how much of a burden do you feel that the divisiveness on the hill is factored into the downgrade by the s&p? it is a big factor because we went to the midnight hour on what was a released fively simple question on keeping the lights on in government. this question of the debt ceiling and paying our bills will be much more of a difficult fight. when you saw the wide gap between what we will call the obama ruth and the ryan budget, being able to obama budget and the ryan budget, being able to that in a month is unrealistic even though we will strive to accomplish it. what americans soon understand is the debt ceiling issue is not the way represent five bachman described it. it is about honoring past obligations. it doesn t allow us to spend one dime of new money. shannon: congressman, always ....

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