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Detailed text transcripts for TV channel - FOXNEWS - 20110118:18:07:00

law? we will show you results that we are getting later in the broadcast. well the white house is polishing the silver and cleaning up the red participate this afternoon. there is a very big and some say the most important state dinner of president obama s presidency that is taking place on wednesday with the chinese president. when he last visited about five years ago china held more than 302 billion in u.s. debt. and now the u.s. owes china approximately $1 trillion. mike emanuel is live from the white house on why this visit and what we should expect to see and hear from these two leaders. this is a big one, mike by all accounts, both sides of the aisle, everybody who watches the white house says this is a very big thing. reporter: megyn no question about that. and ahead of his visit president hu jintao said both the u.s. and china stand to gain from a strong relationship and stand to lose from confrontation. there are a lot of complexities

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