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Detailed text transcripts for TV channel - MSNBC - 20110721:19:05:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110721:19:05:00

Candidly to many of the republican colleagues, they understand that. and they are worried about the revenues and not getting the cuts, and there is anxiety on the net level of negotiation, but most folks understand that when we are spending 22% of the gdp and collecting revenues lower than the eisenhower era at 15%, that doesn't work. >> congressman, under the gun today? if not today, a deal by friday? what do you think? >> well, honestly, i don't know, but what i do know is that we have to have a deal and we cannot allow america to default. if you are eric cantor and want to have more tax cut...

Detailed text transcripts for TV channel - MSNBC - 20110721:19:06:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110721:19:06:00

That is additional expense to the taxpayer, and everybody loses. we cannot allow this top ha. >> congressman peter welsh from vermont, thank you for your time and to break down where we go from here we go to nbc's mike viqueira, and luke russert live on capitol hill, so to both of you, we have the reports of a deal in "the new york times" and as well as the "washington post" and luke, what are you hearing on the hill? >> well, harry reid said that he at the democratic lunch said that he was informed that there is some sort of deal, but he urged president obama to make sure that there is revenu...