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Detailed text transcripts for TV channel - MSNBC - 20110716:14:42:00

country and we ll be as bad off as europe is that we can t unite the country. we would simply have 50 little countries here with a mess. that was called the articles of federation, we rejected it in 1787. congressman jim mcdermott from washington state. thank you. now to libya, the main opposition group there is officially being recognized by the united states and almost 40 other nations and in the western mountains of libya, rebel fighters need all the help they can get right now. mike tiabbi is in the region with the very latest for us live, good morning to you, mike. reporter: good morning, richard, how are you? those rebel fighters have made lunching process this week, more advances, one step back, a couple forward. the next target, the target garyan, a couple of miles from where we are now, we re talking about tripoli itself and

Detailed text transcripts for TV channel - MSNBC - 20110716:14:01:00

still fast approaching, the big question, will we see any progress so the u.s. will not default on its bills? nbc s mike vick kwer are at the white house. reporter: raising interest rates, people not getting checks, veterans affairs, in the course of each and every month. that s what s at stake here, the government would have to start to prioritize and major credit agencies are already talking about downgrading treasury bonds and the wisdom of investing in those. today, more dualing back and forth, the president in his weekly address, orrin hatch speaking for republicans, here s what they had to say about the state of play. i don t think oil companies

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