Detailed text transcripts for TV channel - MSNBC - 20110726:22:05:00
We act responsibly. people all over the world invest in u.s. treasuries. we need their confidence, and we need the confidence of our own business community. what we're hearing also is from the ratings agencies that a short-term solution may not be acceptable to them. right now we enjoy a triple-a rating for the united states, something we've always had, something that's important to keep our interest rates down. if we have a short-term solution, we could jeopardizes that as well. we need a solution that goes for the full year. senator reid's proposal goes for a longer term. that's why the pres...
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