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Detailed text transcripts for TV channel - KGO - 20120105:11:06:00

See is a lot of gobbledygook and reams of paper they have to review. reporter: but to get richard cordres at the helm, president obama had to go around congress. in a blatant act of defiance, some call it downright arrogance, the president appointed a man blocked by the senate for months on a day when the senate halls were empty for the holiday break. now is the time to do everything we can to protect consumers, prevent financial crises like the one that we have been through from ever happening again. that starts with letting richard do his job. reporter: republicans call it an unprecedented power grab over an agency that lacks accountability. too much authority in the hands of one man. and in a sign that this washington showdown will go on, on his first day on the job, cordres was called to testify before congress. if you ask me the american people should be getting more transparency out of this administration, not less. reporter: mcconnell and republicans say the senate is ....

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Detailed text transcripts for TV channel - KGO - 20120105:11:05:00

His own because his jobs agenda is stalled in congress. and in another end-around capitol hill, president obama has appointed the former ohio attorney general, richard cordray, as the head of the powerful new consumer financial protection bureau. republican lawmakers plan to, plan to fight that appointment though. here is abc s cecilia vega with more. reporter: this family nearly lost their ohio home to a predatory lender, who offered to make repairs on their old house, but fled, leaving them $80,000 in debt. with president obama and the country s consumer watch dog czar at their dining room table they became the poster family for everything the new agency plans to change. harassment by debt collectors? gone. sky-high fees on supposedly free checking accounts? gone. an endless paper trail of mortgage documents? gone. what can they see right now? what does it look like? in the mortgage area what nay ....

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Detailed text transcripts for TV channel - KGO - 20120105:11:35:00

Some republicans say the president should focus on working with congress instead of going around them to pass these policies. the president announcing plans to cut the defense budget without jeopardizing the military strength, he says. this morning s new york times reports the pentagon will need to shrink the army to 490,000 soldiers over the next decade. that s actually below current targets. the pentagon s budget will be cut by 8% as the military of course shifts away from fighting wars, post-9/11. a texas middle school is closed today after a student was shot dead by police. the 8th grade boy was killed yesterday by brownsville police after he pointed what looked like a real gun at officers. it does look real, doesn t it? turns out it is a pellet gun that closely resembles the real thing. the police chief says the shooting was justified because the boy had plenty of opportunities to lower that weapon. however, the victim s parents are calling for an investigation. the young ....

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Detailed text transcripts for TV channel - KGO - 20120105:11:04:00

Continue. michele bachmann who won the iowa straw poll, but finished next to last in the iowa caucuses. she bowed out after she danced one last public dance with her husband, marcus. romney is hoping mccain s support will seal the deal in new hampshire. mccain is still very popular are independents there. at least one rival is not impressed. jon huntsman shrugged off the endorsement saying, nobody cares. rob and paula? all right, thanks a lot for that, scott. be sure to stay with abc news for this saturday night s gop debate in new hampshire. george stephanopoulos, diane sawyer will lead that discussion in just two days. tune in at 9:00 p.m. eastern. 6:00 pacific saturday night. the president s push to bypass congress continues today when he will announce a new program to help young people find summer jobs. it is a partnership between the federal government and the private sector. the president hopes it will create between 180,000 and 250,000 summer jobs for low-income students. he ....

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Detailed text transcripts for TV channel - MSNBC - 20111029:14:08:00

25% of the gdp. we re borrowing about 40 cents of every dollar we spend. that s inexcusable and immoral. and that s what is going on. rick perry spent time in new hampshire yesterday. he talks to reporters about whether or not he will take part in future republican debates. i don t know whether or not we re going to forego any debates or not. there s going to be a lot of debates. shoot, i may get to be a good debater before this is all over with. so, you know, we haven t made any decisions of what we re going to do. ing some fun at himself. michele bachmann and rick santorum are in iowa. as republican candidates continue to rally for the nomination, president obama is pushing out his agenda for the jobs bill without the help from congress. the tactical shift by the white house to focus on executive ....

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