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Detailed text transcripts for TV channel - FOXNEWS - 20121221:12:35:00

Washington to put tarp. but after it went through t went north to 10,000 to 6600. last year action debt ceiling. july 29, the president sign it is august 2. august 5 we collapse because s & p down grades us. we still need something that doesn t insult the senses completely. listen, we re all going to suspend disbelief for a little bit with respect to whatever comes up. but it can t be so obvious that it does nothing but move the needle a few months away. steve: it does look like we re going to get downgraded. because ultimately we have to take medicine. steve: charles, thank you very much. alisyn: let s get to your headlines. america passes a new law that cracks down on human rights abusers, from russia coming here. so russian president putin s response, well, he s supporting a ban on americans adopting russian children. putin admits most americans who look to adopt are honest and decent, yes he defended parliament s legislation, claiming it s a reasonable ....

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