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Detailed text transcripts for TV channel - FOXNEWS - 20110526:08:26:00

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believe -- i don't have a window in the government thinking but they'd accept a plea deal that does not involve jailtime. because the use of the money was utterly nefair mouse and the amount of money, $1 million was enormous. >> the judge points out that edwards made his fortune as skilled trial lawyer so protracted legal battle is not out of the question. late this afternoon, edwards' attorney gregory craig release written statement saying john edwards has done wrong in his life and he knows it better than anyone. but he did not break the law. effort to cut through the government red tape ended up on capitol hill. shannon bream shows us what happened when the chief regulator went before the lawmakers. >> today, cass sunstein, the administration was on the hot seat on capitol hill, fighting

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