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CNNW Erin Burnett OutFront June 22, 2012

plunge. the dow slid 251 point, today. there s only one other day this year that it has been worse. people are afraid. they re afraid of the blood gushing out of europe s veins. they re afraid of the blood draining out of jobs here in the united states. ultimately, they re most afraid that congress is too cold-blooded to do anything about it. to make a deal that could instill confidence again in the greatest economy on earth. yes, that is, still, by leap, bounds, everything, everybody, the united states of america. instead, by the end of the day, the credit rating agency moody s downgraded america s five biggest banks. specifically blaming fear about stability in the global financial system. that means it s going to cost those banks more to operate. that means they have less money to lend to all the borrowers in this country. about the only person feeling good today, billionaire larry ellison. it s good when you got $36 billion and buying an entire island in hawaii is p ....

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CNNW Erin Burnett OutFront June 21, 2012

outfront tonight, the plunge. the dow slid 251 point, today. there s only one other day this year that it has been worse. people are afraid. they re afraid of the blood gushing out of europe s veins. they re afraid of the blood draining out of jobs here in the united states. ultimately, they re most afraid that congress is too cold-blooded to do anything about it. to make a deal that could instill confidence again in the greatest economy on earth. yes, that is, still, by leap, bounds, everything, everybody, the united states of america. instead, by the end of the day, the credit rating agency moody s downgraded america s five biggest banks. specifically blaming fear about stability in the global financial system. that means it s going to cost those banks more to operate. that means they have less money to lend to all the borrowers in this country. about the only person feeling good today, billionaire larry ellison. it s good when you got $36 billion and buying an enti ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110724:17:33:00

And geithner did. and boehner then said, you know what? my deal is still on the table. my offer. i haven t taken it off. i would not say that the grand bargain is dead by any means. i don t even think it s on life support. shannon: you had the man on the other side of that conversation, of course, the speaker to tell his side of the story as well. exactly. what he says is that they were in bill daily, the white house chief of staff s office last sunday, and that they agreed on 800 billion. can you say, until everything is agreed to. nothing is agreed to. they had a number. that s a big concession by boehner. he is saying i m willing to accept $800 billion in new revenue go against the antitax pledge. he says it doesn t violate that because rates would actually go down as parts of tax reform. this comes from glowing the growing the economy and doing away with loopholes and deductions. he was willing to go with that he said my offer is still on the table. we will see where they go. t ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110724:17:33:00

Asked for auto% more. 1.2 trillion. boehner gave the impression let s go back to the 800 billion that we were agreeing on. and geithner did. and boehner then said, you know what? my deal is still on the table. my offer. i haven t taken it off. i would not say that the grand bargain is dead by any means. i don t even think it s on life support. shannon: you had the man on the other side of that conversation, of course, the speaker to tell his side of the story as well. exactly. what he says is that they were in bill daily, the white house chief of staff s office last sunday, and that they agreed on 800 billion. can you say, until everything is agreed to. nothing is agreed to. they had a number. that s a big concession by boehner. he is saying i m willing to accept $800 billion in new revenue go against the antitax pledge. he says it doesn t violate that because rates would actually go down as parts of tax reform. this comes from glowing the growing the economy and doing away with lo ....

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