Detailed text transcripts for TV channel - FOXNEWS - 20110717:18:05:00
Lot to cover. let's move on to the next thing. we will get back to a bunch of the issues. if cut, cap and balance fails. most people say whether it is good policy or not that the chances it is actually going to pass in the next two weeks are pretty slim. the most likely fallback is some version of mitch mcconnell's fallback plan. it would allow the president to raise the debt limit $2.5 trillion without any spending cuts but there is talk about including more than a trillion dollars in cuts and setting upper in debt commission. congressman van hollen, wouldn't that be almost a total failure by...
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