Detailed text transcripts for TV channel - FOXNEWS - 20110503:23:22:00
We don't pay it, it's going to absolutely rock the world's financial system, because this has never happened before. no one has ever conceived of america not paying its bills. >> according to treasury secretary tim gitner current maneuvers can get us to august 2nd. >> shepard: soon we have to raise the debt limit or figure out how to reduce the borrowing. >> the battle on capitol hill is whether there will be a clean vote. many voting on whether to raise the debt ceiling things attached like spending cuts. take a listen to both sides. >> so are you going to say to either side, republican or de...