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Detailed text transcripts for TV channel - FOXNEWS - 20120802:05:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120802:05:25:00

>> that's correct. it's the warren act, for all large companies, making significant layoffs, a sizable amount, like closing a plant. with the sequestration, we are facing $5 billion in defense cuts over 10 years fthey go into effect. so the contractors are worried, lockheed martin has said they were going to issue the notices to all 123,000 of their employees. >> greta: so the obama administration wasn't happy because they don't want that to go out to the employees. >> that's what the republicans are saying. >> greta: is there any doubt that the warren act applies to the defense contracts? >> ...

Detailed text transcripts for TV channel - FOXNEWS - 20120802:01:02:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120802:01:02:00

Joining me now with reactions to the white house's attempt to intimidate private business, john mccain. senator, inappropriate -- is this not the law? of the land? this is a foreseeable event, is it not? >> you can't make these things up. the incredible political-ization of everything that this administration does. the warren act requires it. i mean, there is no gray area t. requires that layoff notices be extended 60 days before the layoffs. that was so people could be prepared for losing their yobs. so they now-- the department of labor, after some time ago saying they had no jurisdiction ar...

Detailed text transcripts for TV channel - FOXNEWS - 20120802:02:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120802:02:25:00

>> that's correct. it's the warren act, for all large companies, making significant layoffs, a sizable amount, like closing a plant. with the sequestration, we are facing $5 billion in defense cuts over 10 years fthey go into effect. so the contractors are worried, lockheed martin has said they were going to issue the notices to all 123,000 of their employees. >> greta: so the obama administration wasn't happy because they don't want that to go out to the employees. >> that's what the republicans are saying. >> greta: is there any doubt that the warren act applies to the defense contracts? >> ...

Detailed text transcripts for TV channel - FOXNEWS - 20120801:10:16:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120801:10:16:00

>> part of t solution to last year's budget standoff. lawmakers have to agree on further cuts this summer or automatic cuts take place. one of the big departments that's going to be cut is defense. with no deal in site defense contractors are worry they will send advance layoff notices to their employees that will come days before the election, prompt being the labor department to come in. the chair of the house arms services committee is my guest this morning. >> good morning. >> the warren act requires most employees with 100 or more workers to gives 60 days notice of plant closings or mass ...

Detailed text transcripts for TV channel - FOXNEWS - 20120801:18:04:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120801:18:04:00

>> what concerns me is that we have five months to do balance -- >> my question is regarding the president -- >> they have to pay their fair share. >> it's my time. >> reporter: congress leaves for recess this week. republicans accuse the white house of playing games to help the president get reelected. monday the labor department told defense contractors they don't need to issue pink slips to their workers as required by the warren act. quote to provide such notice would be inconsistent with the purpose of the warren act. >> you might, i know, have an understanding of the authority of the pos...