Detailed text transcripts for TV channel - MSNBC - 20131015:00:22:00
Complicated payment system in the world, the one processing millions of payments a day, trillions of dollars a year, and just rewire it on the fly to pick and choose payments to avoid default. the reality is there is no magic fix that would make breaching the debt ceiling smooth, and anyone who claims otherwise is selling you something you should not buy. joining me now is steve rattner, former treasury secretary to geithn geithner. with michael bloomberg assets. all right, treasury has already been taking what's called extraordinary measures, right? >> correct. >> for months. is there anythin...
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