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Detailed text transcripts for TV channel - MSNBC - 20110726:14:38:00

Harry reid and mitch mcconnell ultimately to come up with a deal that may reflects certain parts of the boehner deal, and certain parts of what harry reid has in the senate. he s got to give himself room and the process room to work something out. yes, the president has strong preferences, but references can no longer be matched with a timeline, it s ultimately the president, harry reid and john boehner will have to cut a deal. it may be something in between, it may be something that no one here in washington particularly likes, bud if you want to avoid default, that s what i have to do. major garrett, good to see you. thanks so much. good to see you. thanks. what does it mean if washington can t get a deal done, just what major was asking about? nbc financial analyst has some answers. i want to start with the most basic. the real concern is we ve always had a triple-a credit rating, ....

Harry Reid , Mitch Mcconnell , President Obama , John Boehner , Process Room , Can T , Major Garrett , Financial Analyst , Deal Done , Triplea Credit Rating ,

Detailed text transcripts for TV channel - MSNBC - 20110726:14:38:00

Republicans. on the other hand, but not saying veto, the president is creating room for boehner and harry reid and mitch mcconnell ultimately to come up with a deal that may reflects certain parts of the boehner deal, and certain parts of what harry reid has in the senate. he s got to give himself room and the process room to work something out. yes, the president has strong preferences, but references can no longer be matched with a timeline, it s ultimately the president, harry reid and john boehner will have to cut a deal. it may be something in between, it may be something that no one here in washington particularly likes, bud if you want to avoid default, that s what i have to do. major garrett, good to see you. thanks so much. good to see you. thanks. what does it mean if washington can t get a deal done, just what major was asking about? nbc financial analyst has some answers. i want to start with the most ....

President Obama , Harry Reid , House Republicans , Mitch Mcconnell , Process Room , John Boehner , Major Garrett , Can T , Financial Analyst , Deal Done ,