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Detailed text transcripts for TV channel - FOXNEWS - 20110806:05:40:00

Being a partisan issue, what needs to happen next? what do lawmakers need to be thinking about doing right now to help the situation? lawmakers need to think any the fastest way that they can get us committed toward restricting the spending power, the borrowing power in particular. and we need to pass a balanced budget amendment out of congress by the requisite two-thirds marge nin both houses and submit it to the states for ratification. all right, senator mike lee, utah republican, thank you for join us. s&p going ahead to downgrade the coveted triple-a rating, now a double-a plus. now back to on the record. for the latest headlines, go to foxnews.com. greta: many are pointing fingers at president obama. they say his economic policies are failing us and he bungled the dell sealing debate many ....

Spending Power , Mike Lee , Balanced Budget Amendment , Borrowing Power , Marge Nin , On The Record , Triplea Rating , President Obama , Debt Ceiling Bay ,

CNNW CNN Newsroom August 1, 2011

the process, for that, i want you to take a look here. i will not try and walk you through it. it s a mess. the bottom line is 917 billion dml spending cuts with a special committee in charge of finding $1.5 trillion cuts by the end of the year, and the debt limit rises by $900 billion now, and $1.5 later. already, there is one potential wrinkle here. the nonpartisan budget congressional office says the plan would cut spending only by 1.5 trillion, not 2.4 trillion. we are following all the claims and repercussions as only cnn can. by colleagues join me, and if you don t believe this is a huge story, look at richard quest, all the way from london. tell us how the deal came to be, and what are the prospects it will bring? first, you explained it as best as anybody could involved in the process. and it is a mess. the democratic plan is rejected in the house, and it looked like a day care here in washington. we did know what the rough pieces of an agreement would look li ....

White House , United States Government , Spending Cuts , 2 4 Trillion , Bottom Line , 917 Billion , Debt Limit , 900 Billion , 1 5 Trillion , 00 Billion , 1 5 , Richard Quest , All The Way , Washington D C , Senator Mcconnell , Day Care , Nancy Pelo Pelosi , Tax Increases , House Of Representatives , Revenue Increases , Kcreates A Super Committee , Won T , Tea Party , Deficit Hogs , Doesn T Hit , Re Election ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:00:02:00

Two rounds of increasing the debt ceiling. so on. for the president to get round 2 of the extension to the debt ceiling, congress must have sent to the states for their ratification a balanced budget amendment. that requires in each chamber, the house and the senate, a two thirds vote. laura: they don t have two in other words of the house of representatives. the idea that they would ever see a two thirds voted for balanced budget amendment is folly. but this was what the tea party caucus demanded. laura: let s go to ed henry. ed is joining us now from the white house. he has been monitoring the situation. and, ed, the mood at the white house, after the boehner bill passes is one of what? what are you sensing? it was a on. if he thelt like there had been all these build up. spend all these hours waiting for it as we know a lot of times ....

Debt Ceiling , Us Senate , Laura Ingram In Tonight , Balanced Budget Amendment , House Of Representatives , Ed Henry , White House , Lets Go , Tea Party Caucus , Reid Bill , Build Up ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:00:02:00

Two rounds of increasing the debt ceiling. so on. for the president to get round 2 of the extension to the debt ceiling, congress must have sent to the states for their ratification a balanced budget amendment. that requires in each chamber, the house and the senate, a two thirds vote. laura: they don t have two in other words of the house of representatives. the idea that they would ever see a two thirds voted for balanced budget amendment is folly. but this was what the tea party caucus demanded. laura: let s go to ed henry. ed is joining us now from the white house. he has been monitoring the situation. and, ed, the mood at the white house, after the boehner bill passes is one of what? what are you sensing? it was a on. if he thelt like there had been all these build up. spend all these hours waiting for it as we know a lot of times ....

Debt Ceiling , Us Senate , Laura Ingram In Tonight , Balanced Budget Amendment , House Of Representatives , Ed Henry , White House , Lets Go , Tea Party Caucus , Reid Bill , Build Up ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:14:38:00

Be passed for ratification, as i explained. neil: love how you get your book in there. it s a good book. blend it in. i think so and make the publisher happy. neil: and puts o reilly to shame. exactly. so, listen, the only way we solve this problem, which is a permanent problem, is with a permanent solution and the only way that we can find not only this congress, but future congresses in their spending ability is through a constitutional amendment. we ll see where it goes. senator, always a pleasure. thank you. we ve got so much more coming up here, one. things we re sort of wrestling with, again with apologies to the late, great peter faulk of columbo fame. i don t want to over do the thing i heard from barnney frank, if it means all after sudden that any bank or institution does not have to sell a triple-a security, u.s. government. that could be a very, very big deal. here is why, that s the fear that all of a sudden those who hold triple. government securities, all ....

Neil Cavuto , O Reilly , Spending Ability , Barnney Frank , Columbo Fame , Great Peter Faulk , All Of The Above , Government Securities , Triplea Security , All Ofa Sudden ,