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Detailed text transcripts for TV channel - FOXNEWS - 20110711:14:06:00

Which they have sworn to oppose to get it and that, of course is the sticking point, the republicans say eliminate exclusions and loopholes which would bring in more revenue at least on paper and in exchanges for that you lower the corporate rate and the individual income tax rate and it ends up being basically revenue-neutral, but it improves the tax code and, makes it simpler and people will like that but you can t do that between now and the time of the debt limit increase, and that is part of the problem. bill: good to see you, in washington, thank you and we ll see the president, 56 minutes and find out what he says then, thank you, brit. and here s the question so many are asking on this very subject, what happens if nothing happens? if we reach the august 2nd deadline, with no action, will the u.s. economy be running on empty? treasury secretary tim geithner warns that could be catastrophic. here s what he said over the weekend: ....

Tax Code , Income Tax Rate , Out Of Washington , Debt Limit Increase , Tim Geithner , Running On Empty , August 2nd ,

Detailed text transcripts for TV channel - CNN - 20110507:13:26:00

Ourselves. reporter: republican senator marco rubio like many in his party wants more offshore drilling. we have to figure out a way to become more efficient in our use of energy and figure out how to introduce more domestically. for james woolsey plugging your car into your house isn t just going green. i think it would be a very embracing message. it would say that the united states would get its act together. reporter: sending one more signal to al qaeda that they re running on empty. but there are no quick fixes to america s addiction to foreign oil. millions of electric cars would require countless new stations and opening up oil drilling experts say would only have an impact on gas prices years down the road. jim acosta, cnn, washington. a pop star has gone patriotic. have you heard this yet? beyonce has a new take on god bless the usa. ....

James Woolsey , Marco Rubio , Offshore Drilling , Al Qaeda , White House , Running On Empty , Isnt Just Going Green , Gas Prices , Jim Acosta , Oil Drilling Experts , Pop Star , God Bless The Usa ,

Detailed text transcripts for TV channel - CNN - 20110506:10:46:00

Gone up hundreds of dollars a month. reporter: small business owner eileen gaines explains how the bill to fill up her commercial vehicles stopped her from hiring a new employee. had the gas prices not gone up you would have been hiring? i would have hired someone two months ago. i need that much help right now. we have to produce more ourselves. reporter: the republican senator rubio like many in his party wants more offshore drilling. figure out a way to become more efficient in our use of energy and figure out how to produce more domestically. this pops open when you press a button. reporter: for james woolsey plugging a car into your house isn t just going green. i think it would be a very embracing message. it would say that the united states will get its act together. reporter: sending one more signal to al qaeda that they re running on empty. but there are no quick fixes to america s addiction to oil. for example, millions of new electric cars would require c ....

Eileen Gaines , Gas Prices , Small Business Owner , Offshore Drilling , United States , White House , James Woolsey , Electric Car , Isnt Just Going Green , Al Qaeda , Charging Stations , Oil Drilling , Running On Empty ,

Detailed text transcripts for TV channel - CNN - 20110506:14:42:00

A month. small business owner eileen gains explains how the bill to pick up her vehicles stopped her from hiring a new employee. and so had the gas prices not gone up, you would have been hiring? i would have hired someone two months ago. i really need that help right now. the republican senator wants more offshore drilling. we have to figure out a way to become more efficient in our use of energy. this thing pops open when you press a button. for james, plugging the car into your house isn t just going green. i think it would be a very large message. it would say that the united states can get its act together. sending one more signal to al qaeda they re running on empty. interesting piece, jim across ta joins us now live from d.c. and, you know, it s not easy to get off foreign oil. no. politically charged. there are so many things at play here. yeah. there are no expressways on the ....

Gas Prices , Small Business Owner , Offshore Drilling , Waffle House , Isnt Just Going Green , Al Qaeda , On The Road , Running On Empty ,

Detailed text transcripts for TV channel - CNN - 20110506:16:15:00

It domestically. this thing pops open when you press a button. reporter: for woolsey, plugging the car into your house isn t just going green. i think it would be a very large message. it would say that the united states can get its act together. reporter: sending one more signal to al qaeda that they re running on empty. jim acosta joins us live from washington. good to see you. getting off foreign oil. it will take some time. what is the thinking here? yeah. you know there are no expressways on the road to energy independence. consider the electric car. if you have millions of new electric cars on the road, you will need lots of new charging stations and that infrastructure is not in place yet. if you go to the answer that republicans are putting forward and some democrats, we need more off-shore domestic oil drilling, energy analysts will tell you that will not have an impact on gas prices for years down the road. there are no quick fixes. but jim woolsey says we have to ....

United States , James Woolsey , Al Qaeda , White House , Isnt Just Going Green , On The Road , Jim Acosta , Running On Empty , Energy Independence , Charging Stations , Gas Prices , Energy Analysts , Oil Drilling , Shore Domestic ,