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Detailed text transcripts for TV channel - FOXNEWS - 20110726:09:34:00

A part two. then an election on this thing. sean: the house, and the senate. senate majority leader and speaker cutting a deal between themselves. and the president right out of it? is why the president got into the game tonight. greta: that was a show? the proposals now, leader reid s proposal is not going to pass. if it passes senate it won t pass in the house. because speaker boehner said that. speaker boehner s proposal is not going to pass in the senate. the president was looking over the who arely n horizon to thursday or friday. and all of these people are going to be back at the table by weekend. greta: the thing is that i always have issue with the president in the proposal. the democrats talk about this speech. but they have the cvo saying we don t score seats. and they don t. greta: i understand that. i m saying the president has ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110726:09:31:00

greta: okay let s face it. default is bad. many describe it as catastrophic. this can scare investors and businesses around the world and we re all connected around the world. and the asian markets are open now and how are those markets react something peter barns joins us. asian markets are up now. greta: why? because did he the do not believe we re going to default or have a downgrade. u.s. stock markets don t, either z bond markets because if they did, if they thought there was going to be a default or a downgrade markets would be so much lower where they are now. dow down 100 points today. greta: okay. let s say august 3 they wake up and there is a rude awakening and turns out oh, oh my. they thought goitsing to happen, it does happen. then what happens? ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110726:09:36:00

Today and so the president wants to gelt back into the game. he s the president of the united states. i m not defending his leadership style. but he does have a vote here. and no deal is going get done without his approveal. greta: peter, thank you. nice to see you. and no, thank you. greta: coming up. what does republican senator cobrn member of the gang of six think about the proposal? and ever heard a passage thank the lord for his smoking hot wife? there is a first time for everything. this is just the beginning. you h ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110726:09:21:00

I want a solution to the problem and i think cut, cap and balance does that. a balanced budget isn t varied. greta: what are you willing to give on? a debt ceiling increase. i never planned to do that. that is a huge sacrifice for someone like myself. we re giving the president what he wants. now, remember, february, 2010, the presz president got a $1.9 trillion debt ceiling increase. what happens ch what happened? here we are back doing the same thing again. i don t want to do that. sacrifice is a $2.4 trillion debt ceiling increase. greta: senator reid s program doesn t have a balanced budget amendment. senator reid has a sort of a hybrid that will be a vote on it. right? yes. greta: i want congress to be compelled to vote for it. i think if the president got behind it, it would actually ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110726:09:32:00

markets have been wrong, so have television commentators. greta: what happens then? well, i don t know if we want to think about that. it could be ugly. remember we have tarp. it didn t pass first time around, the dow dropped 800 points and congress came back and backed it. greta: so a couple days of . i m not saying it s not going to be a bumpy ride. we have all of the politics and but none of nobody on either side of the aisle is saying we re going to have a default and that we re not going to not agree to pay our bills. greta: i can t imagine us defaulting. the united states defaulting? sounds unheard of. and newspapers from around the world online. i see what they re saying about us. and other people discussing it. we can t do our own finances, ....

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