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Detailed text transcripts for TV channel - FOXNEWS - 20110214:17:42:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20110214:17:42:00

From the pentagon. >> reporter: there are cuts in many areas across the government, and the pentagon is not excluded from that. there will be big cuts in the pentagon spending over the next five years. here is what little the president did say about that this morning. let's hreug even. >> we've begun to do some of this with $78 billion in cuts in the defense department's budget plan. by addin ending tax breaks for l companies and wasteful health spending. >> reporter: the president mentioning the pentagon not giving many details. we can supply some of them for you. cuts proposed by defense sec...