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Detailed text transcripts for TV channel - FOXNEWS - 20110731:22:07:00

tax increases. there will not be tax increases in this proposal. early tomorrow, the progressive caucus is going to join forces and have a new s conference demanding that they deal with the debt ceiling issue on its own . white house aids are trying to shut the door on that entire option. but the progressive caucus and black caucus is not happy with this president and combine that with trouble on the right. you mention about defense cuts, this could blow up the entire deal. talk about how a potential deal affect the markets here and over seas. i am pleased to be joined by neal cavuto . managing editor of neal cavuto. so far, the futures and not a guaranteed market finish . the dow futures are up 153

Detailed text transcripts for TV channel - FOXNEWS - 20110731:22:08:00

a guaranteed market finish . the dow futures are up 153 points and nasdaq is 30 and the dollar is trading up on rumors of a deal . so far, so good. and so if this holds, it could be a good day tomorrow in the markets . i am always leery of jumping to conclusions . you and i talked about the 08, it looked like the tarp deal fell off and the biggest point decline in history . you know, congress quickly got back together and approved tarp . the markets will stave off more sell outs and two months later, they were down thousands of points. we are focusing on the moment and the moment there is a deal or no deal. if it is a bad deal then keep in mind temperature is not for

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