Detailed text transcripts for TV channel - FOXNEWS - 20120731:20:01:00
"washington times," reporter breaking the story down. currently, sir, the department of defense is supposed to give employees a 60-day notice of layoffs spending. so you do that backward it puts us as november 1. >>guest: the election is november 6. so, it is not the defense department, but the defense contractors who have to do the business, required by federal law with mass layoffs they are required to tell their employees at least secretary days out. it is called the warren act, it is a federal law. a lot of the contractors have said, wait, we arefraid of the cuts, the automatic spending cu...