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Detailed text transcripts for TV channel - FOXNEWS - 20120718:13:06:00

all of the votes cast. bill: meanwhile president obama inveiling a new billion dollar program to promote better education. president obama proposing reward system for high-performing teachers under a plan that would create a core of elite master instructors in science and in math. the billion dollar program will reward teachers with a $20,000 per year increase in their salary. six minutes now past the hour. martha: as washington continues to spend, listen to this. there is a new report out that finds that the fiscal crisis in many states in this country could indeed be with us for quite some time. even long after the economy starts to rebuild itself. so right now you ve got 31 states that are projecting budget gaps for 2013. slow job growth that cuts into the taxes that states can collect. 18 states have an unemployment rate that is above 8% which is the national average. and in the most recent state jobs report, unemployment

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