Detailed text transcripts for TV channel - FOXNEWS - 20130128:15:32:00
Bill: now a stark warning from house budget committee chairman paul ryan e. says that deep budget cuts, known as sequestration are likely unavoidable if the u.s. hopes to prevent a debt crisis. >> we think these sequesters will happen because the democrats have opposed our efforts to replace those cuts with others and offered no alternatives. bill: jeff sessions republican senator out of alabama ranking member of the budget committee, how are you doing, senator and good morning to you. >> thank you, bill. bill: what do you think about what congressman ryan is saying there. >> it was a very ser...