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Detailed text transcripts for TV channel - FOXNEWS - 20110416:16:22:00

it is afternoon on your side. great to talk to you today. raising the debt ceiling is a matter of debate. what do you mean by clean extension of the debt sealing. don t play depames. we cannot aforward to have america default. we never did it before . the issue of debt ceiling comes up periodically. it shouldn t be a leverage point. the risk of defaulting and miss of reaching the deadline is a disaster for the integritty of the united states government. some are arguing that not arguing the debt ceiling will not lead to a federal default but have to stop more borrowing and force the government to rely on other way to finance the activities. it won t happen. if we don t raise the debt ceiling a lot of bad things

Debt-ceiling
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Extension
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