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Detailed text transcripts for TV channel - MSNBC - 20110722:18:04:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110722:18:04:00

President obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the large corporations and involve this deduction for home mortgage interest...