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Detailed text transcripts for TV channel - FOXNEWS - 20110228:14:05:00

Business has trouble creating jobs, so does a bankrupt country. italy, spain, greece, ireland, even france face sovereign debt crises and social unrest. much of our debt has been bought up by china, japan, gas prices are rising, economists have laid out the nightmare scenarios that we may soon confront. bill: speaker boehner said he can extend, keep the government running if you get additional cuts in the meantime. that house bill includes $4 billion in additional cuts and senate democrats say that figure is just too high. martha: all right. we have a huge story, the rebellion going on in libya, both sides digging in their heels right now as the rebels try to drive mo maqaddafi from power, but the libyan leader s son in a fascinating interview over the weekend, basically saying there s no problem here, everything is calm in the streets, it was a ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110228:14:09:00

Price marks on the graph, this is october 1st, 2010, and we went to 2.79, then the first of the year, right here, january, we went from 2.59, up to 2.99. today, as i just mentioned, prices up here, around 3.37. with so much uncertainty as to what happens next. frankly, no one knows how much higher it could go. stuart varney, fox business network, good morning to you stuart. some folks in this country are already paying over $4 for a gallon of gasoline. that s not what you want when you re trying to get a recovery to stay on hold. that is for sure, bill. you could say that libya has cost americans at the pump roughly 20, 25 cents a gallon extra. as you said, we re now at 3.37, the average nationwide for a gallon of regular, unleaded. and most of that gain, by the way, came just over the weekend. we re all out there filling up our cars because you know ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110228:14:36:00

Set up in benghazi, i think our interest is to have that oil continue to pump, to put it into the global market, but to make sure the revenue obviously doesn t fall into qaddafi s hands. so i think that s one critical step we could take. i think there are others as well. so far, what the obama administration has done at the u.n. and elsewhere is take symbolic steps that are not having a real impact on the situation on the ground. and i think we have to recognize, there may not be clear winners and losers in this struggle. you could have a continuing civil war that leaves libya looking like somalia in a state of anarchy except on the southern shore the medical terrain ain. mediterranean. martha: we ll see what happens. good to talk to you as always, sir. thank you. bill: more developments any moment out of lib kwrafplt our nation s last living connection to world war i has now passed. veteran frank buckles past \dollars/{^ed} away at his ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110228:15:08:00

Bit again. martha: eric as always, thank you. you can catcher i can s show at 9:00 arpbg:00pm. bill: the u.s. stepping up pressure on leader gadhafi. hillary clinton is in europe right now urging european diplomats to join the u.s. in getting tough every sanctions against that country s regime. fierce fighting unfolding east of treupz, tha tripoli, that s l city. what whaoeree starting to see is a civil war . if the military stays behind qaddafi to a degree he still has power. the rebels seem they gain more power by the day. remember we started in tunisia about a month ago. it spread over here to egypt, and cairo and sandwiched in between is the giant north african country of libya. here is the capitol city libya. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110228:15:17:00

He s way down on the numbers. martha: what about his response to libya and the wisconsin issue. it could tie into the numbers you should showed us, in terms of his leadership. reporter: absolutely, look, presidents succeed and come across as strong leaders when they do things that do succeed. getting a deal on the tax cuts, e tending the bush tax cuts and providing the comforter in chief roll he played after the tucson mass car. people care what you do on a sustained long-term basis. on the big aoeurb us of the day, the economy, deficit, debt and spending the president is not being seen. you add to that a little bit behind the ball on egypt and way behind the ball on libya, and medling in an issue in wisconsin when he seems to have enough and his own plate to take care of these things can t make the people inside the white house happy when he is trying to strengthen his own image. ....

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