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Detailed text transcripts for TV channel - FOXNEWS - 20110727:23:35:00

Harry reid s proposal support. this morning, the agency s president denied that. congressman, i think we were misquoted, we do not comment on any specific plan or the political choices or policy choices being made. we are just commenting on what is the level of debt burden, what is the level of deficit that must reach the level to executives refused to give a specific number on how much the u.s. needs to cut deficits to keep its top credit rating, shep. shepard: mentioned irhigher borrowing costs for the government. it s really higher borrowing cost for every run of us? it depends on how investors react to a possible downgrade. if the government pays more to borrow, that can spread to the rest of the economy. americans signing up for mortgages with credit card balances with, borrowing money to buy a car to go to school may all pay more in interest. and when the government spends more money to borrow, that s more taxpayers have to spend on interest and less they have to spend ....

Harry Reid , Debt Burden , Proposal Support , The Agency , Credit Rating , Services Shepard , Credit Card , Borrowing Costs , Borrowing Cost , Brave Americans ,

Detailed text transcripts for TV channel - FOXNEWS - 20110727:23:35:00

Giving senate majority leader harry reid s proposal support. this morning, the agency s president denied that. congressman, i think we were misquoted, we do not comment on any specific plan or the political choices or policy choices being made. we are just commenting on what is the level of debt burden, what is the level of deficit that must reach the level to executives refused to give a specific number on how much the u.s. needs to cut deficits to keep its top credit rating, shep. shepard: mentioned irhigher borrowing costs for the government. it s really higher borrowing cost for every run of us? it depends on how investors react to a possible downgrade. if the government pays more to borrow, that can spread to the rest of the economy. americans signing up for mortgages with credit card balances with, borrowing money to buy a car to go to school may all pay more in interest. and when the government spends more money to borrow, that s more taxpayers have to spend on interes ....

Harry Reid , Proposal Support , The Agency , Credit Rating , Debt Burden , Services Shepard , Borrowing Costs , Borrowing Cost , Brave Americans , Credit Card ,