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Detailed text transcripts for TV channel - FOXNEWS - 20120103:23:18:00

The national average for gasoline is now, 3.28 a gallon. and that s up five cents in the past week. and of course, oil, and the persian gulf are vital to national security. and tonight, national security correspondent jennifer griffin reports that iran continues to taunt the u.s. about possibility denying access to votes. iran s leaders decided to take another jab at the u.s. military announcing they would no longer allow anymore u.s. aircraft carriers through the strait of hormuz. the threat by iran s defense chief followed ten days of war games at practicing the strait s closure. the pentagon publicly scoffed at the threat, but privately few commanders are laughing. later this week, defense secretary panetta will roll out more man 260 billion dollars in defense budget cuts. the bottom line the u.s. would no longer be able to fight two ground wars simultaneously, a message that iran could read right now as weakness and permission to do whatever it ....

National Security Correspondent , Persian Gulf Are Vital To National Security , 23 28 , Us Military , Jennifer Griffin , War Games , Aircraft Carriers , Defense Chief , Strait Of Hormuz , Straits Closure , Ground Wars , Defense Budget Cuts , Bottom Line , 260 Billion Dollars , 1260 Billion ,

Detailed text transcripts for TV channel - FOXNEWS - 20120103:23:18:00

Under $103. the national average for gasoline is now, 3.28 a gallon. and that s up five cents in the past week. and of course, oil, and the persian gulf are vital to national security. and tonight, national security correspondent jennifer griffin reports that iran continues to taunt the u.s. about possibility denying access to votes. iran s leaders decided to take another jab at the u.s. military announcing they would no longer allow anymore u.s. aircraft carriers through the strait of hormuz. the threat by iran s defense chief followed ten days of war games at practicing the strait s closure. the pentagon publicly scoffed at the threat, but privately few commanders are laughing. later this week, defense secretary panetta will roll out more man 260 billion dollars in defense budget cuts. the bottom line the u.s. would no longer be able to fight two ground wars simultaneously, a message that iran could read right now as weakness and ....

National Security Correspondent , Persian Gulf Are Vital To National Security , 23 28 , Us Military , Jennifer Griffin , War Games , Aircraft Carriers , Defense Chief , Strait Of Hormuz , Straits Closure , Ground Wars , Defense Budget Cuts , Bottom Line , 260 Billion Dollars , 1260 Billion ,