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-- Robert Gray with your Fox Business -- US Defense Secretary Robert Gates says there's a crisis on his doorstep.
The warning comes as congress has failed to approve a key spending bill which would.
Force the Pentagon to make do with last year's amount.
It says this has the potential to create 23 billion dollar budget gap this year that we could -- a wartime military.
Three more Dow components reporting earnings today Caterpillar's results blowing away estimates the company also says it hired more than 101000 full time employees last year.
AT&T and Procter gamble beat expectations on the earnings front but fell short on revenue.
And FaceBook has no plans to launch FaceBook branded phones there were reports of these social networking site was working.
With Taiwanese Smartphone maker HTC to develop such a device HTC was the manufacture of the first Google branded phone.
And that is the latest from Fox Business giving you the power to prosper for all the day's top stories log on to foxbusiness.com.
-- out of the Lori Rothman.
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