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Detailed text transcripts for TV channel - FOXNEWS - 20120713:16:37:00

very soon. you see consumer sentiment being disappointing, you see the national federation of independent businesses, the small business survey being fairly disappointing, capital goods orders slow down, basically a slowdown in employment, a slight uptick in unemployment rates. all of them suggest that there s risk on the downside on the u.s. economy. reporter: now, one factor is the fiscal uncertainty hanging over the economy, jenna, because of the expiration of all the bush tax cuts at the end of the year. president obama s been proposing an extent only for those with family incomes below $200,000 a year and though several democrats have been pushing limits of $500,000 or a million dollars a year. now there are first signs that the president is losing democratic support. now democratic senator james webb and independent joseph leishman who caucuses with the democrats both say they will vote against the president s proposal, and until the fate of some $4 trillion in tax hikes is

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