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Detailed text transcripts for TV channel - MSNBC - 20131016:05:28:00

we shouldn t get anywhere close to it. we are very close to it. in fact we are just days away from the united states treasury being unable to meet awful its financial obligations. in the spot light tonight, default and downgrade. as we moved one day closer to default. harry reid issued this warning. the debt is here. the deadline is looming. rating agencies are talking about downgrading us as early as tonight. as they have said, and they have cheered over there, the government s closed. we don t mind defaulting on debt. it s good for the country. that s what they have said. hours later, fitch, a global ratings agency issued a watch warning on u.s. treasury bond

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