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Detailed text transcripts for TV channel - FOXNEWS - 20110714:17:01:00

Here is senator republican mitch mcconnell on president obama. he really gave us three bad choices. higher taxes, smoke and mirrors, or default. and we refused to accept any of them. republicans will not be reduced to being the tax collectors for the obama economy. we won t be see duesed into calling a bad deal a good deal. and we won t let the white house full around with the full faith and credit after the yo united states. reporter: clearly mitch mcconnell is concerned whether a deal with be struck. one hopes behind closed doors in these meetings as they are trying to find common ground that perhaps the tone is a little better. in public it certainly does not sound like they are close to a deal. alisyn: it really doesn t. mike, there were a couple of different stories about what happened yesterday when the president walked out of the meetings. what have you been able to find out about that? ....

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