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Detailed text transcripts for TV channel - KGO - 20110221:11:35:00

Happen. reporter: they may not want it, but can they stop it? republicans and democrats are both dug in, unwilling to compromise on budget cuts and in 12 days the government runs out of money. just look at the calendar. congress is off all next week. seven days lost. when they come back, just five days to reach a deal before a forced shutdown on march 4th. that is the worst outcome. if we end up shutting down the government and calling into question whether we re going to meet our obligations for social security checks and paying our troops, then that is an absolute, utter failure. the bill is passed. reporter: the $61 billion in cuts republican house members passed this weekend are unacceptable to senate democrats who suggest a short funding extension of a couple days or weeks. john boehner says, no, not without some cuts. read my lips. we re going to cut spending. speaker boehner is on a course, i think, that would lead to a shutdown. that s reckless. reporter: during t ....

Seven Days , Budget Cuts , Dug In , Utter Failure , Social Security Checks , March 4th , House Members , John Boehner , 1 Billion , 61 Billion , Government Shutdown , Passport Offices , Read My Lips , National Museums ,