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Detailed text transcripts for TV channel - FOXNEWS - 20110806:21:12:00

Pass a balanced budget constitutional amendment. a gop house measure that failed during the recent fight over the debt limit. rick: switching gears and talking about the weather and tropical storm emily, breaking up over the bahamas, but the national hurricane center says there is an 80% chance the storm reforms over the next couple of days. reappearing as a tropical depression as it moves into the open atlantic ocean. meantime, drought is now affecting an area over a million square miles, 32% of the lower 48 states, the situation is particularly awful in the south where they re in their 34th day of triple digit temperatures and the intense heat there also creating the threat of rolling blackouts. in midland, texas, the power grid reached emergency energy alert level 2. that s one step away from some real serious trouble. level 3 is where you actually ....

Rick Perry , Debt Limit , Balanced Budget Constitutional Amendment , House Measure , Tropical Storm Emily , Storm Reforms , National Hurricane Center , Atlantic Ocean , Triple Digit Temperatures , A Million , Level 3 , Emergency Energy , Rolling Blackouts , Power Grid ,