Detailed text transcripts for TV channel - FOXNEWS - 20120127:06:44:00
Early as now? >> yeah, it was. i mean, this covers -- basically, the $1.2 trillion sequester that will go into effect over the course of the next 10 years, so the sequester is counted in to the debt ceiling. he didn't want to have to deal with this issue again before the election, as part of the broader agreement that we gave him the ability to ask for tbut we also gave members of congress the ability to vote against the request and many of us did. >> what's going to happen? the debt ceiling keeps getting raised. >> we have to quit spending. this administration has driven up the debt 35%. this...