Detailed text transcripts for TV channel - FOXNEWS - 20110522:17:26:00
Thanks so much. the u.s. h hit its debt limit but there was no agreement on capitol hill about whether to raise the debt ceiling. the treasury department is using what it calls extraordinary measures to keep the country afloat. what exactly does that mean. joining us to explain is fox newcorrespondent peter barnes. what does that mean? >> yesterday we were supposed to see the end of the physical world and last monday the end of the financial world. last monday we hit the debt ceiling officially. however, nobody in government is turning off the lights just kret. the treasury secretary declare...
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