Detailed text transcripts for TV channel - FOXNEWS - 20130105:17:30:00
Global depreddings. >> if congress refuses to give the united states the ability to pay the bills on time. the consequences to the global economy could be catastrophic. last time our entire economy suffered. our familis and businesses cannot afford that dangerous game again. >> congressional office said it will leave 900 billion a year in deficits. republicans say by raising taxes on the wealthy. they ended the revenue debate. it still requires a balance of spending cuts and revenue from renorming the tax code. republicans do agree that the tax code needs reform. >> the i.r.s. is a nightmare. ...