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Detailed text transcripts for TV channel - FOXNEWS - 20110728:08:43:00

Plan that he has. they both both those figures emerged pre you know, during the budget battle that led to the that forestalled the government shutdown. they emerged as the major figures there. i think that s what we ll see. we ll see those two emerge, a deal eventually go to the white house. if this white house really thinks this is a catastrophe waiting to happen, it s going to have to deal with it. bret: charles, they may say in this letter that this deal won t pass the senate, but you have a number of democrats who are up for re-election from red-leaning states, who would have to vote on the boehner plan, that by numbers is not that different from the reid plan. there are a few differences. i see this letter and the threats coming from schumer and from reid as a bravado. they re really worried. they were hoping yesterday that the republicans in the house would implode, they would be suicidal, kill the boehner idea, the boehner plan, and be left ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110728:08:02:00

From signs the tide is shifting in favor of the boehner plan from fiscal hawks. i m shifted, you don t let the perfect get in the way of the doable. there was this show of support for the boehner package. the fact is, rebs have offered the only proposal at this point that attempts to get at the root of the problem. and which actually has a chance of getting to the president s desk. that s why we ll continue to press for the legislation speaker boehner has proposed. after predicting no senate democrats will ultimately vote for the boehner bill, senator chuck schumer offered this assessment. the speaker s plan is on life support, and it s time for him to pull the plug. we need to move on to other plans that actually have a chance of passing. meanwhile senate majority leader leader harry reid s plan came up short with the budget analyst, but reid said he d trim his plan by that amount, but if ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110728:08:07:00

Washington raises the debt limit in the next week, analysts are questioning this country s credit rating. top agencies rate united states government debt as a aaa investment. that means they think the u.s. has an extremely strong ability to pay back lenders with interest. though with high government debt, ratings firms have warned the u.s. to cut deficits to keep its aaa rating. at a congressional hearing this morning, the agencies reviewed to endorse either of the two competing deficit-cutting proposals on capitol hill. standard & poor s president reports his company favors the democrats plan over the republican bill inaccurate. we were misquoted. we do not comment on any specific plan or the political choices or policy choices being made. we are just commenting on what is a level of debt burden, level of deficit that must meet the threshold to retain the aaa. agency officials dodged questions of specifically how much congress would have to cut for the u.s. to keep its top ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110728:08:39:00

Analysis of the new house speaker boehner plan. here it is really quickly. in bullet points, cut and cap spending by $917 billion over 10 years versus the $900 billion hike in the debt ceiling. cut $22 billion in fiscal year 2012. and then hold spending to fy-2010 levels until at least 2016. this is down in the weeds here, reduce discretionary spending each year by these amounts, and require congress to draft proposals of reductions of $1.8 trillion. that was in the first plan. now, we ll get into some of the specifics here, but just moments ago 53 senate democrats sent out a letter to speaker boehner saying, among other things, this we need to work together to ensure that our nation does not default on our obligations for the first time in our history. we heard that in your caucus you said the senate will support your bill. we are writing to tell you that we will not support it. that was clear perhaps by nor reid and senator schumer s ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110728:08:03:00

The speaker s plan passes the house and is sent to the senate, he says he s prepared. don t worry, it will be altered. an aide sent an email to conservative activists trying to get them to help kill the boehner plan. intraparty warfare, trying to manufacture pressure on republicans. bret? the congressional budget office just released new details. according to the speaker s office, they just put on their website, new analysis from the cbo on this to plan saying the spending cuts are greater than the debt hike now, cut and cap spending by $917 billion over 10 years, more than the $900 billion debt hike, cutting $22 billion in the spending year fy-2012. there are more details here. we will get with them and check all of that out with the panel in just a bit. if there was ever any optimism ....

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