Detailed text transcripts for TV channel - FOXNEWS - 20140225:16:30:00
Jon: well, happening now, the defense department announcing a proposal to reduce the size of the military to the lowest levels seen since before world nt is . expected to increase spending again next year. this as our nation's debt continues to go go along with interest rates. doug is live in washington. >> good morning, jon. announcement of major cuts in defense comes at a time when the c.v.o. says that spending us somewhere is going through the roof. discretionary spending accounts for the third of the budget total, $1.2 trillion in 2013 and projected to edge down by about $6 billion or less...
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