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Detailed text transcripts for TV channel - FOXNEWS - 20120811:07:27:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120811:07:27:00

For candidates for are city council and they are present at the table during labor negotiations. >> those negotiations in some cases have bound san bernardino to pay employees just as much even after they retire. >> that is not going to work. it is not going to work. >> you cannot retire people at the age of 50 years with literally full pay and bridge their health benefits until medicare. >> the salaries and benefits you are saying have to be renegotiated. >> you bet. >> why has that not happened yet? >> it will happen under the guidance of chapter 9. >> in other words, bankruptcy court. but p...

Detailed text transcripts for TV channel - FOXNEWS - 20120811:05:23:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120811:05:23:00

66. ♪ get your kicks on route 66 >> on old route 66, san bernardino was known as the last stop before l.a. ♪ san bernardino >> with freeways and major railway station it was the ideal hub linking the ports of los angeles and long beach out to the rest of the country. san bernardino symbolized the promise that economic growth held for middle class america. it was even the location of the first mcdonald's. but today, this city of around 210,000 has a shortfall of $46 million. over a quarter of its entire budget. unable to fund enough cuts to close the gap, san bernardino on august 1 filed fo...

Detailed text transcripts for TV channel - FOXNEWS - 20120811:05:27:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120811:05:27:00

Renegotiated. >> you bet. >> why has that not happened yet? >> it will happen under the guidance of chapter 9. >> in other words, bankruptcy court. but public is sector unions are saying not so fast. they point to state precedence that suggests their pensions are are untouchable. however, morris, a former judge believes that in this unprecedented crisis the courts will allow cities to it modify at least some of their contracts. meanwhile, he is dealing with the day-to-day trials of a city gone belly up. >> now, you don't really have any credit. >> that's right. >> cash for things. >> carry.d k...

FOXNEWSW Red Eye August 11, 2012 - Vimarsana News

FOXNEWSW Red Eye August 11, 2012

channel has not been able to independently confirm that ryan has been chosen as romney's running mate. ryan, seven-term congressman from wisconsin, a favorite among some conservative. chairs the house budget committee and also the author of a house budget that would slash spending and overhaul entitlement programs including social security and medicare. presidential hopeful mitt romney will announce his vp pick this morning at 8:45 a.m., according to the "associated "associated " chosen paul ryan to one with him on the republican ticket. >> now back to our fox special report, cities ...

FOXNEWSW Fox News Reporting August 11, 2012 - Vimarsana News

FOXNEWSW Fox News Reporting August 11, 2012

>> democrats electric unable to resist if it is paul ryan, attacking his budget. we will have a change of discussion, right away. i promise. >> this comes after the overseas trip that has been described as rocky. do you think that -- do you think that played out in moving -- do you think that this moved the announcement up a little bit? >> no. i think that mitt romney knows what he is going to have for breakfast three weeks from now. i don't think he's in a rash mood. >> a point well taken, certainly. we'll have the vice-presidential debate. let's say paul ryan, the wisconsin represe...