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Detailed text transcripts for TV channel - FOXNEWS - 20110707:22:34:00

a story from wednesday on the federal grant to defunked affiliate acorn. james rosen has details. >> at a time when the lawmakers and the white house is slashing trillions in federal spending fox news confirmed department of housing development or h.u.d. this year gave $80,000 a group called affordable housing centers of america. alcoa. the money was supposed to be used to help minoritities learn about the housing option but it used to be called acorn housing and alcoa uses the same tax i.d. number, address and personnel of acorn housing. it was in october of 2009 president obama signed in law barring acorn and any acorn affiliate receiving federal funds. >> the fack of the matter is the intent of congress was clear in 2009. we meant to defund acorn. >> that's after saboteur videotaped acorn on how to

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