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Detailed text transcripts for TV channel - FOXNEWS - 20130225:17:04:00

Of compromise. reporter: tomorrow the president will begin showcasing the impact of sequester cuts on individual states when he travel s have virginia where 90,000 civilian defense workers would be furloughed one day a week, jenna. jenna: a big story in the state of virginia and many states, wendell. we know the president just made these comments in the last hour or so, but what s the republicans take on all this? reporter: they say the president got the tax hike he d been demanding at the end of last year when the rate was raised, the top rate on families making more than $450,000 a year. they say he traded away increased revenue as part of the sequester for an 18-month expansion of the nation s debt ceiling at the end of 2011, and they say the 3% spending cut the sequester demands doesn t have to hurt as much as the white house says it will. the reality is nobody is saying he should make these exact cuts, but we can cut less than 3% of the budget without jeopardizing air traff ....

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