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Detailed text transcripts for TV channel - MSNBC - 20131015:00:23:00

Billion of cash on hand. more cash comes in every day. as you point out, cash goes out every day. and probably somewhere between october 23rd and november 1st is when we literally won t have the money to pay the next day s bills. part of what s complicated here, right, is that these payments, the money coming in and the money going out is lu lumpy. you might get a big bunch of money one day and have a bunch of payments the next day and it s the unpredictability that makes it so harrowing, right? yes, but i mentioned october 23rd for a reason, because there s a social security payment that goes out that day and i mentioned october 31st and november 1st, because there s an interest payment on the debt and social security and medicare payments that go out that day, so we know the day of some big amounts that have to go out. what do you think of the whole prioritization of payments? you work in treasury, you know your way around ledgers and numbers. what do you think about this idea? ....

November 1st , Lu Lumpy , October 23rd , Big Bunch Of Money One Day , Social Security Payment , Interest Payment , Social Security , October 31st , Payment Systems ,

Detailed text transcripts for TV channel - MSNBC - 20131015:07:23:00

More cash comes in every day. as you point out, cash goes out every day. and probably somewhere between october 23rd and november 1st is when we literally won t have the money to pay the next day s bills. part of what s complicated here, right, is that these payments, the money coming in and the money going out is lumpy. you might get a big bunch of money one day and have a bunch of payments the next day and it s the unpredictability that makes it so harrowing, right? yes, but i mentioned october 23rd for a reason, because there s a social security payment that goes out that day and i mentioned october 31st and november 1st, because there s an interest payment on the debt and social security and medicare payments that go out that day, so we know the day of some big amounts that have to go out. what do you think of the whole prioritization of payments? you work in treasury, you know your way around ledgers and numbers. what do you think about this idea? i think it s generally lu ....

November 1st , October 23rd , Social Security Payment , Big Bunch Of Money One Day , October 31st , Interest Payment , Social Security , Payment Systems ,

CNN Around the World October 15, 2013 16:59:00

Is it too late. i m not sure what that means. they need to act as soon as possible. because what is absolutely true is that every day we re in shutdown, there s harm done top hundreds of thousands of americans and indirectly to many x more and there s direct harm done to our economy. every day that we get closer to the point beyond which we ve never been which is where the united states does not have borrowing authority creates more trouble for our economy and uncertainty globally which has a negative impact on our economy. obviously there s a lot of anxiety in the bond market. can bondholders be reassured they will still receive their interest after tomorrow after thursday? those are the kind of questions that are best directed to the treasury department. what is unquestionably the case is when people talk about prioritization, they are talking about default by another name. when people talk about paying some bills but not others, they ....

Borrowing Authority , Bond Holders , Bond Market , Treasury Department ,

Detailed text transcripts for TV channel - MSNBC - 20131015:21:16:00

Come up with something and i think they re close, they ll get overwhelming support. okay. if not unanimous from democrats it, close to it. and a lot of republicans. so we ll have an overwhelming vote in the senate. and boehner has got decide, does he want to do the right thing or playing games. chris van hollen a minute ago said they really do buy into this prioritization. you pay off some of the chinese bond holders in wall street and a few pension funds and you may delay social security a little bit, but we ll get through this. no, this is a high-risk, terrible idea in lurching from manufactured crisis, one to another, is terrible for our country. that s why the president and the house democrats have stuck together on this. senator sherrod brown, great to have you with us. going to be an eventful night, thank you so much. remember to answer tonight s question at the bottom of your screen, share your thoughts on twitter. i think we re going to default. i think the tea partiers ....

House Republicans , John Boehner , Us Senate , Congressman Van Hollen , Bond Holders , Social Security , Pension Funds , Wall Street , White House , Sherrod Brown , Tea Partiers , The Jugular ,

Detailed text transcripts for TV channel - MSNBC - 20131015:03:23:00

i think the first thing to know is wednesday s a very important day. it s the last day that they can borrow using these so-called extraordinary measures, but it s not the day that we actually default. treasury will have about $30 billion of cash on hand. more cash comes in every day. as you point out, cash goes out every day. and probably somewhere between october 23rd and november 1st is when we literally won t have the money to pay the next day s bills. part of what s complicated here, right, is that these payments, the money coming in and the money going out is lumpy. you might get a whole big bunch of money one day and then have a bunch of payments the next day and it s the unpredictability that makes it so harrowing, right? yes, but i mentioned october 23rd for a reason, because there s a social security payment that goes out that day and i mentioned october 31st and november 1st for a reason, because there s an interest payment on the debt and social security and medicare p ....

0 Billion , 30 Billion , Big Bunch Of Money One Day , November 1st , October 23rd , Social Security Payment , October 31st , Interest Payment , Social Security ,