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Detailed text transcripts for TV channel - FOXNEWS - 20111112:22:34:00

big. he served much longer than most governments in post-war italy. most governments lasted 11 months. he once served for five years straight. this time it was 3 1/2 years. so certainly it is a humiliation to be leaving the scene and leaving the scene in this way. his popularity has fallen. he lost some allies and then he ended up in what is really a big economic mess that italy is not out of just yet. heather? heather: everyone seems to think that mario monty will be the new prime minister. is that a done deal? well, it s not a done deal. it looks like he ll definitely get the task of forming a new government, but you re already seeing some opposition to it. the idea behind monty is that he is a technical guy above the political fray, but that s never really true in italy. so you re already seeing some opposition. he may get in. it will be interesting to see, though, how long he lasts. he has a lot on his plate. basically more of what they did

Detailed text transcripts for TV channel - FOXNEWS - 20111112:22:32:00

they re refuse to go meet with police separately, saying previous questioning, quote, got nasty. gregg: the country s top unions joining forces with the occupy wall street movement, plans a series of nationwide rallies on thursday aimed at getting lawmakers to pass more federal funding for infrastructure. heather: fox news alert, the end of a political era in italy. just an hour ago, sylvio berlusconi stepping down as the country s prime minister after 17 years in power. his departure comes after italy s parliament approved a series of reforms designed to save the country from an economic meltdown. greg, are you surprised i m really not. it s interesting that berlusconi sparks very strong emotions. there is no doubt about that and for the most part of the last 20 years, he has been the main actor on the stage. he hasn t always been in power,

Detailed text transcripts for TV channel - FOXNEWS - 20111112:22:24:00

the super committee, it will come down to the middle of the night, we won t know what s on it until it passes, but i think they ll do it. heather: i don t know. latest ward is instead of actually coming up with a deal by november 23, they ll come up with an outline for a deal and karen, as you said, that will mean $1.2 trillion in automatic cuts. half of those coming from the pentagon. so who do you think ultimately will be held accountable if that that is what happens? that s really bad. i actually think it hurts republicans more and here is why. if you make those cuts to the defense budget and a lot of republicans i m hearing on the hill think, that s fine. if we get a new republican president, he ll just reverse those cuts. not so fast. that s not how the budgets work in the different agencies. if department of defense is told, listen, here is how much is automatically going to be cut from your budget, they start slowing programs. they start cutting out programs immediately. to

Detailed text transcripts for TV channel - FOXNEWS - 20111112:22:33:00

but he s been in a protagonist in italian politics. what you re seeing both outside of the presidential palace and in berlusconi s home, it does look a lot like after a big soccer match, lots of celebrations going on there. but italy was divided over berlusconi, although he was elected with a great majority of the people, but for every person you see celebrating in the streets tonight, there is certainly another one at home wishing he was still in power. another thing is you do have to remember it s also saturday night in rome and anybody who is young here thinks it s their right to stay out until 3:00 o clock in the morning and find a party somewhere. to today the party was in front of sylvio berlusconi s home. heather: what does this mean for sylvio berlusconi? well, to a large degree it s a humiliation. berlusconi is a billionaire businessman, very, very successful before he got into politics. he s used to winning and winning

Detailed text transcripts for TV channel - FOXNEWS - 20111112:22:01:00

italy s prime minister berlusconi calls it quits. heather: the fallout growing in the sex abuse scandal that has enveloped penn state and its legendary football program. four people on leave. joe paterno out of a job. he s not charged, but we have learned that he retained a well-known lawyer. and this afternoon, the knitly lions losing their final home game of the season to nebraska. emotional day for players and fans. david lee miller is live in university park for us with the latest. hi, david lee. 107,903 fans today packed the stadium for today s game. it was the final home season game for penn state. they played nebraska. to put that statistic in perspective, that 107,000 number of fans in the stadium, that s double the population, more than double of this college town. now, during today s game or

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