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Detailed text transcripts for TV channel - FOXNEWS - 20111122:00:31:00

Shot. veterans of capitol hill, shep, say the failure of the super committee jeopardizing lawmakers ability to knock out their usual end of year items. congress still needs to approve, for example, 10 of 13 annual spending bills. there is that yuletide favorite the doc fix which shields medicare physicians huge cuts from he fees. annual patching of the alternative minimum tax to spare the middle class from a stiff tax hike. you will probably likely see some expiring tax provisions be renewed if they have to be. no one wants to raise taxes on anyone in this economy but on big spending bills, such as an omni bud it s going to be harder and harder for congress to get something like that done because they weren t able to get the super committee deal done. and then there were the tax extenders. lawmakers will try to extend tax breaks that expire at year s end including payroll tax cut included in the stimulus package, shep. shepard: why should anybody expect, james, for this to be sol ....

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