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CNN To Be Announced October 10, 2013 07:35:00

We ve seen the stock market numbers when they started to talk about a shutdown, the stock market has also lost ground, the dow was about 6% below what it was before. and all of these things have some pressure on the republican party. let me get to the second point you just raised. there is, in fact, you are right that a default does not automatic trigger by october 17th, that is jack lew and the treasury could prioritize interest payments on our debts. but that would mean at the same time, no, this is the important point, it would mean cutting dramatically everything else the government owes, to social security recipients, to medicare recipients in other words, millions of people would be jeopardized even though creditors would get their money. this would be only by a couple of days. any prioritization will take care of the entitlement payments. medicaid, medicare, social security payments. ....

Piers Morgan Tonight , Al L , Stock Market Numbers , Stock Market , Jack Lew , Interest Payments , October 17th , Social Security Recipients , Mo Ney , Entitlement Payments , Social Security ,

Detailed text transcripts for TV channel - MSNBC - 20131009:05:28:00

Prioritize them like we saw barton staying, don t pay, you know for the airfare for the secretary. which is nickels and dimes, you know. what would you say to a guy like that? prioritize and don t pay them. nonsense. you see the business community getting more and more concerned the house is going in the direction. a bill to do this. full faith and credit act, a misnomer. really default by another word. prioritization is defaulting on a huge swath of the u.s. government obligations. you were in the treasury the last time we approached this precipice of the debt ceiling not being raised. there is planning going on for the catastrophic possibility. brought out the plans again this time. what can you tell us that they re working on, in the event that nightmare moment hits. tell you this. i don t know what will be decided. really up to the president. secretary of the treasury. when i looked at the options. ....

Then Don T , Barton Staying , Dont Pay , Full Faith And Credit Act , Business Community , Debt Ceiling , United States Government , Secretary Of The Treasury ,

Detailed text transcripts for TV channel - MSNBC - 20131009:02:28:00

they start talking back, what about, they would say, we can prioritize them like we saw barton staying, don t pay, you know for the airfare for the secretary. which is nickels and dimes, you know. what would you say to ape g guye that? prioritize and don t pay them. nonsense. you see the business community getting more and more concerned the house is going in the direction. a bill to do this. full faith and credit act, a misgnomer. really default by another word. prioritization is defaulting on a huge swath of the u.s. government obligations. you were in the treasury the last time we approached this precipice of the debt ceiling not being raised. there is planning going on for the catastrophic possibility. brought out the plans again this time. what can you tell us that they re working on, in the event that nightmare moment hits. tell you this. i don t know what will be ....

Dont Pay , Barton Staying , Then Don T , Business Community , Apeg Guye , A Misgnomer , Full Faith And Credit Act , Debt Ceiling ,

Detailed text transcripts for TV channel - FOXNEWS - 20131008:20:39:00

You don t pay them, then you have got a default. what do you think he does? that s right. well, neil, of course, priority prioritization of payments does not make a default. small businesses always pry ortiz prioritize capital. you have to pay the debt you have. put it s also an opportunity to revisit and to create some level of transparency. so we see where is the money going? we need some accountability here. that s what we ll get from this. so all is not lost in this process. perhaps we get a greater clarity on where our money is actually going, it s not unlimited spending and that s the way washington has been run the last few years, so a positive comes out of this if it is handled correctly but washington has to have the stomach to make the difficult decisions and that s something they have not been able to do. neil: larry, i all think that watching the response of the marks when there s a temper ....

Neil Cavuto , You Don T , Top Pry Snort , Pry Ortiz , The Way , Washington Dc , Temper Tantrum , Larry Glazer ,

Detailed text transcripts for TV channel - FOXNEWS - 20131008:13:07:00

You do not default if you are paying interest on your debt. all these top bankers that held a meeting with president obama and top republicans said this prioritization pay the interest first, that will not work. you go past the deadline with no deal, interest rates will go up, stock market prices will go down and the economy will take a very big hit. they are saying prioritization, paying interest first, it won t work. that s what they say. but look at the timetable. between october 17 and november 15 we have to pay $36 billion in interest and we have to pay $50 billion out in medicare, social security and military pay. we have enough money coming in in fox receipts to cover those bills. pry sortization is not required. so you have got a warning from the banks, a warning from china and wall street is yawning. ....

President Obama , Stock Market Prices , Interest Rates , Paying Interest First , Social Security , Military Pay , October 17 , 36 Billion , November 15 , 6 Billion , 0 Billion , 50 Billion , Wall Street , Pry Sortization , Fox Receipts ,