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Detailed text transcripts for TV channel - FOXNEWS - 20121202:16:14:00

Developments in that country s ongoing political crisis. egypt highest court now suspending its work out of fear for its member safety. there have been protests on both sides, but their concern is the supports of the islamic president mohammed morsi. the other protesters have taken to the streets to demonstrate against the new president. is the white house doing if you have to respond to the situation? is it even a situation we have to be involved in? stein yates is former deputy assistant for vice president of national security affairs. steven welcome. thank you. jamie: president morsi presented a new constitution. what does it provide and what concern if any should the u.s. have? well, among the key concer concerns is the notion that he is not subject to judicial review. in any normal democratic system where there are checks and balances you would have legislative check and judicial check among others on act of ....

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Transcripts For FOXNEWSW Americas News Headquarters 20121202



cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner the big problem right now with the white house proposal that was just presented. jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the ....

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