Detailed text transcripts for TV channel - MSNBC - 20131016:02:28:00
>> i have made clear for months and months, the idea of default is wrong. we shouldn't get anywhere close to it. >> we are very close to it. in fact we are just days away from the united states treasury being unable to meet awful its financial obligations. in the spot light tonight, default and downgrade. as we moved one day close tir t default. harry reider eissued this warn. >> the debt is here. the deadline is looming. rating agencies are talking about downgrading us as early as tonight. as they have said, and they have cheered over there, the government's closed. we don't mind defaulting o...