Detailed text transcripts for TV channel - CNN - 20110430:17:04:00
Congress, tea party led republicans in particular, who say that come may 15, and -- with a little bit of ex-tense, first week of june, they will not vote to raise the debt ceiling without future spending concession. before you answer this, let me show thank you viewers what we are talking about. debt ceiling, credit card limit of the united states, $14.249 trillion. the debt itself -- the red, has piled up to $14.42 trillion. $50 trillion shy of the limit which we will hit in about two weeks. debt ceiling covers spending we committed to. this is not future spending. they are playing with fire....
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