Detailed text transcripts for TV channel - MSNBC - 20110729:09:32:00
Billion increase to the debt ceiling. and $917 billion in spending cuts over ten years. the second step is a $1.6 trillion increase which is contingent upon congress passing an additional $1.8 trillion in cuts. in an emergency meeting of the house rules committee last night, david drier said his party understands it's imperative to raise the debt ceiling, but he doesn't know why some members are still against it. >> as we all know, we were expecting a vote this evening. and the votes obviously were not there. we don't have the votes for a number of reasons. sdl you c . >> can you tell us why? ...
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