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Detailed text transcripts for TV channel - FOXNEWS - 20120510:14:15:00

martha: to capitol hill, lawmakers are arguing over a bill to stop $78 billion in cuts to the pentagon. there s a live look at the house floor where the rhetoric has gotten fiery over this issue. the white house is now threatening to veto any bill that tries to block the defense spending cuts. paul ryan says that these cuts, he also, would be disastrous. here s what he said: this sequester will decimate our military at a time when our men and women are overseas fighting in a war n. a world that has become much more dangerous. the issue is going to be do they care more about protecting these tax breaks for the very wealthy, or do they care more about protecting defense spending. martha: well, there you go. that s the battle, and house democrats are pushing for an alternative plan that would end the tax breaks to large oil companies. virginia republican randy forbes is chairman of the house armed services readiness committee, head to go hill to cast his vote on this issue as soon as

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