Detailed text transcripts for TV channel - FOXNEWS - 20110217:20:30:00
Nobody is going to be happy. but it has to be done. >> democrat conrad says president obama's budget plan is a good start but it just doesn't go far enough. joining me is a white house reporter for the wall street journal and you wrote a great story today about how this sort of gang of six senators are crafting together a bipartisan proposal and as i understand it, there would be, first of all, spending caps. then, if a budget target is missed in an area that triggers an automatic mandatory cut in another area. but where do the targets come from? >>reporter: the targets are based on, we don't ...