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Detailed text transcripts for TV channel - MSNBC - 20110411:17:03:00

Florida, republican, says he will not vote to increase the debt ceiling. you also will hear that from some republicans in the house who really banked their candidacy back in the fall on that kind of issue. not allowing the u.s. government to keep borrowing. now, john boehner takes a different position saying that if the ceiling is lifted and he expects that it would be, it would have to be tied to serious cuts that would lend some more credibility to the government changing its ways and that s kind of how he positions this. so there is a real spirit of this needing to be addressed quickly, and as steve points out, i like that rolling blackout theme, because without that countdown, that clicking of the clock, as we saw last friday, it is harder to create the absolute urgency. so it will be interesting to see how they create the points where there is that pressure to get it done. and that s something we ll be following closely in the weeks to come. and, steve, are there interim steps w ....

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Detailed text transcripts for TV channel - MSNBC - 20110411:17:00:00

Detailed text transcripts for TV channel - MSNBC - 20110411:17:00:00
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Detailed text transcripts for TV channel - MSNBC - 20110411:17:06:00

Than the social issues. not that they re not important to them, but the line in the sand they draw tends to be more fiscally based. so that will certainly be an argument that keeps going forward. part of it is because what they agreed to friday gives broad strokes of where money can be spent. but the specifics are being kind of found out as we speak, as the detail is put in black and white and people are getting a chance to really study that. that will prompt more criticism, i m sure. all right, kelly and steve leaseman, thanks so much for setting us up. because as you know, as you both have been reporting, the house is set to vote this wednesday on the $38.5 billion budget deal that was agreed to late friday night. the powerful social conservatives like mike pence say they won t support it. georgia congressman tom price chairs the republican policyç committee. so he s a key player on the budget committee as well as a member of the leadership. what are the tea leaves saying right n ....

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Detailed text transcripts for TV channel - MSNBC - 20110411:17:01:00

Way to put it. it is aç little less real in t sense that it won t cause the government to shut down because there are things that the treasury can do and tim geithner outlined those in a letter to congress to keep the government operating without having a catastrophic closing of the government. at the same time, if they did, in fact, not pass the higher debt ceiling and we did reach the limit, then we would default on our debt, which would be absolutely catastrophic for not only the united states but also around the world. and, steve, as i understand it, there is a may deadline, but there are things as you point out that they money they can move around, but come july, july 8th, i think, it gets so serious that we would not that the united states could default and not pay its bond holders, not pay china and everybody else. right. in this letter that the treasury secretary geithner wrote to harry reid, he said may 16th is our number one deadline. but then there are emergency me ....

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