Detailed text transcripts for TV channel - MSNBC - 20110725:08:01:00
Government would be unable to pay its bills. >> if we default, then we're going to have to make adjustments, and i'm already consulting with secretary geithner in terms of what the consequences would be. >> so, this morning, we're going to get the very latest on weekend negotiations which did continue, despite the breakdown. is a deal still possible? with us, the president's chief of staff, bill daley, and a response this morning from a top republican negotiator, tom coburn of oklahoma. then, is washington broken? while politicians stonewall and fight over the debt talk, the public recoils. ap...