Detailed text transcripts for TV channel - FOXNEWS - 20110701:13:04:00
Closing that $5 billion budget gap, the republicans say no tax hikes, we want big spending cuts, and that is precisely the standoff that's taking place all across the country. in california, they're going to big cuts, plus internet taxes, in illinois, it's all higher taxes, in connecticut, it's big layoffs, no union givebacks, in texas, it's all spending cuts. that's the standoff. raise taxes and or cut spending. you could say, gregg, that it's precisely the same standoff at the federal level. washington is going to be watching very closely, looking at minnesota, to see who gets the blame when...