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Detailed text transcripts for TV channel - MSNBC - 20110706:18:17:00

Our reese enquestions, specifically the debt ceiling. right. and this is formulated in our next question from renegade nerd out of atlanta. mr. president, will you issue an executive order to raise the debt ceiling pursuant to section 4 of the 14th amendment? can i say renegade nerd, that picture is captures is all there. got his hand over there and looking kind of confused. let me as quickly as i can describe what s at stake with respect to the debt ceiling. historically the united states whenever it has a deficit, it finances that deficit through the sale of treasuries, and this is a very common practice. over our lifetime typically the government is always running a modest deficit, and congress is ....

President Obama , Reese Enquestions , Executive Order , 14th Amendment , Renegade Nerd Out Of Atlanta ,

Detailed text transcripts for TV channel - MSNBC - 20110706:18:37:00

Was it a mistake to fail to get republicans to commit to raise the debt ceiling at the same time tax cuts were extended? nicholas is a great columnist, but i have to tell you the assumption of the question is that i was going to be able to get them to commit to raising the debt ceiling. in december we were in what was called the lame duck session. the republicans knew they were coming in as the majority. we had only a few short weeks to deal with a lot of complicated issues, including repealing don t ask, don t tell, dealing with a s.t.a.r.t. treat toe reduce nuclear weapons and to come to terms with a budget. and what we were able to do was negotiate a package where we agreed to do something that we didn t like but that the republicans badly wanted which was to extend the bush tax cuts ....

Reese Enquestions , Tax Cuts , First Question , Lame Duck Session , Treat Toe , Dont Tell , Repealing Dont Ask , George Bush Sr ,

Detailed text transcripts for TV channel - MSNBC - 20110706:18:55:00

This platform effect sdplifl how big is this for twitter? sdp for twitter i believe they have hit their marks in terms of being just as competitive a platform as facebook or youtube. they have entered the front with respect to campaigns, politics and discussing issues of a wider range that the digital audience can feel that they are a part of. our director of black marketing magazine. jonathan, thanks for sticking around with us, senior congressional reporter for police cold. we ve watched the first of its kind town hall. the president taking a number of questions including the debt ceiling and the 14th amendment. i m sure a lot of people will be talking about that. later in our primetime programming, but that does it for this wednesday edition of newsnation. i m tamron hall. tomorrow i m traveling thankfully to cape canaveral for nasa s final space shuttle launch. newsnation will broadcast live from kennedy space center friday 2:00 p.m. eastern time. right here on msnbc. right n ....

Platform Effect , Jonathan Allen , Police Cold , Black Marketing Magazine , President Obama , Reese Enquestions , Town Hall , Tamron Hall , 14th Amendment , Primetime Programming , Cape Canaveral , Eastern Time , Kennedy Space Center , Space Shuttle Launch , Rain Or Shine ,

Detailed text transcripts for TV channel - MSNBC - 20110706:18:18:00

Supposed to vote on the amount of debt that treasury can essentially issue. it s a pretty esoteric piece of business. typically has not been something that created a lot of controversy. what s happening now is that congress is suggesting we may not vote to raise the debt ceiling. if we do not, then the treasury will run out of money. it will not be able to pay the bills that are owing, and potentially the entire world capital markets could decide, you know what? the full faith and credit of the united states doesn t mean anything, and and so our credit could be downgraded, interest rates could go drastically up, and it could cause a whole new spiral into a second recession or worse. so this is something that we shouldn t be toying with. ....

Reese Enquestions , Capital Markets , Doesnt Mean Anything , Interest Rates ,

Detailed text transcripts for TV channel - MSNBC - 20110706:18:38:00

On the wealthy for another two years. in exchange, we were able to get this payroll tax that put tax cut that put $1,000 in the pockets of every american which would help economic growth and jobs. we were also able to get unemployment insurance extended for the millions of americans out of who were still out of work and whose benefits were about to run out, and and that was a much better deal than a lot of people expected. it would have been great if we were able to also settle this issue of the debt ceiling at that time. that wasn t the deal that was available, but but here s the more basic point. never in our history has the united states defaulted on its debt. the debt ceiling should not be something that is used as a gun against the heads of the american people to extract tax ....

Payroll Tax , Unemployment Insurance , Wasnt The Deal , Dont Work , Reese Enquestions , Tax Breaks , The American ,