Detailed text transcripts for TV channel - MSNBC - 20110416:15:38:00
>> mark potter in havana, thank you. the biggest battle in washington these days is not only about how much we spend, it's about how much we owe. republicans are demanding big cuts in exchange for expanding the nation's borrowing limit, the debt ceiling. the government could hit that number just about one month from today with the potential default coming just a few weeks later. maureen ferrell is a staff writer for "forbes." good to see you. what would happen if the u.s. would default on their loan. >> it would completely devastate the u.s. economy and the world economy. >> seriously, it wo...