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CNN New Day October 16, 2013 11:32:00

And cnn chief national correspondent john king joins us as well. thank you, gentlemen. richard, i ll start with you because you re sitting next to me. we hear about bond rating agencies and the ratings and the concerns of fear. why is it so important. the united states is at the core of the global economy and the bond market is at the core of the core. u.s. treasuries, u.s. debt is in every portfolio, pension fund, used by the banks to trade between each other. you are literally talking about the glue that is holding the financial world together. and when that glue starts to become unstuck, the prospect of a default, the ratings agencies that grade these things, they re the ones that say we re in trouble. steve king says, i ll get to john in a second, he says i m not okaying any deal in the next 36 hours. i don t see it happening. we have plenty of money. we re not going to default. we have money to pay our bills. ....

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Detailed text transcripts for TV channel - MSNBC - 20130819:11:23:00

Football if anything. i know. we were talking beforehand you re up here for bond rating agencies. your neighbor to the south illinois is an economic basket case. you guys in wisconsin are doing so well, sam was asking to borrow money. it s crazy. you guys are going to get a huge up on your bond rating because i guess you re just a wash in cash up there. four years ago we had just over $25 million cash balance at the end of the year. fiscal year 09. now we come in with over $1.8 billion. pretty sharp contrast. it s the same thing. couple years ago when i came in $3.6 billion deficit. we have about a half billion dollar surplus. let s talk about, then, ryan braun, what happened? i could see a-rod threw him under the bus. that s right. do you think he will ever get booed if he plays in hawk. a lot of fans that watched ....

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Detailed text transcripts for TV channel - MSNBC - 20121207:12:35:00

Deal, on my optimistic side, we re going to get a deal. my pessimistic side is it may be later. we may do something between now and january 1st, but there is no way we re going to do what needs to be done between now and december 31st. is that a good thing in terms of doing the longer term? we ve got to deal with the payroll tax, or many americans are going to end up losing about $1,000 to $1,500 a year out of their checks. we ve got to figure out how to do the debt ceiling without causing the bond rating agencies to downgrade us again. and, of course, we ve got to deal with reducing the deficit. and we ve got to define entitlements. when you say we ve got to do something with the entitlements, i would agree. but what are we including in entitlements? social security an entitlement? is ssi an entitlement? or are we just talking about medicare? which is what i m talking about. ....

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