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Detailed text transcripts for TV channel - MSNBC - 20110719:03:20:00

There s only two plans to raise the debt ceiling this week. one, a hopeless stunt that everyone knows is hopeless. the other is a last resort plan in which each side claims some sort of victory. today the president issued a rare obama veto threat against the stunt. house republicansle call it the kupt, cap and balance act of 2011. it would cus spending by $111 billion, cap future federal spends at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to ....

Debt Ceiling , President Obama , Ried Mcconnell Plan , Last Resort , House Republicansle , 11 Billion , 111 Billion , Balanced Budget Amendment ,

Detailed text transcripts for TV channel - MSNBC - 20110719:00:20:00

Reports now indicate that congress is considering only two plans to raise the debt ceiling this week. one, a hopeless stunt that everyone knows is hopeless, the other, a last resort plan in which each side can claim some sort of victory. today, the president issued a rare obama veto threat against the stunt house republicans are calling the cut, cap, and balance act of 2011. it would cut fiscal 2012 spending by $111 billion, cap future federal spending at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110717:14:06:00

What do you expect will happen? well, i expect cut, cap and balance will pass the house of representatives, go to the senate an die. just about like everything else, that the republican house snendz to the senate these days and i know there are a lot of republican senators that support cut, cap and balance but there aren t enough in the senate to move the bill to the president. jamie: how critical is it to have a balanced budget amendment or don t we need it at all? well i think i ll leave that to the policymakers to decide. what i would tell you is that republicans, particularly the ones elected in 2010, feel like the government cannot control itself and so what they are demanding is the balanced budget amendment be sent to the state for ratification and the state could get it and reject it because you need 3/4 of the states to approve a constitutional amendment. i believe i have my math right there. and, so, i m not sure that it would matter ultimately, but, it is something tha ....

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CNNW American Morning July 14, 2011



this is ali. chris seen on a well-deserved vacation. we have a lot going on today. let s get to it. high drama and high stakes over raising america s debt ceiling. we are now just 20 day ace way from the treasury deadline. president obama will meet again today with congressional leaders for the fifth straight day of negotiations that ended abruptly yesterday. republicans saying the president stormed out of the talks. this morning, democratic source is telling cnn president obama shut down the meeting after house majority leader eric cantor continued to push for a short-term extension of the debt ceiling. something that the president categorically opposes. that s when sources say the president got agitated saying, quote, this could bring my presidency down but i will not yield on this. end quote. then he added, talking to eric cantor, eric, don t call my bluff. i m going to the american people with this, end quote. let s go live to dan lothian at the white house. diffe ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110713:13:46:00

Doing what he s doing. bill: do you have enough votes in the house? i assume you do. when it goes to the senate and you force the president s hand to seen it or veto it. then you have got 2/3 ratification from the states. an amendment to the constitution is no small order here. it s not easy and there is no guarantee we ll have in the house. this administration likes to spend and live under what they bring in. it s an uphill bat. about it many worth the fight. this country is fighting for. we are at a threshold that we haven t seen in a couple generations. are we willing to do the tough so the opportunities will be here for the next generation. maybe we don t have the votes but i belief the american people believe in it. why do 49 states either have a balanced budget or some type of statute that they have 0 live under that but the federal government does not. we need some ability ....

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