Updated

This is a RUSH transcript from "The O'Reilly Factor," April 25, 2013. This copy may not be in its final form and may be updated.

Watch "The O'Reilly Factor" weeknights at 8 p.m. and 11 p.m. ET!

O'REILLY: Thanks for staying with us. I'm Bill O'Reilly. In the "Personal Story" segment tonight, our pal, Glenn Beck reporting that a Saudi national in this country, on a student visa, should be under scrutiny in the Boston bombing case.

The 22-year-old was hurt in the bombing, treated in a Boston hospital. The situation was so intense that Homeland Security Director Janet Napolitano addressed it.

(BEGIN VIDEO CLIP)

JANET NAPOLITANO, SECRETARY, HOMELAND SECURITY: He was not on a watch list. What happened is, this student was in the -- really, when you -- in the wrong place at the wrong time.

He was never a subject. He was never even really a person of interest.

Because he was being interviewed, he was, at that point, put on a watch list. And then, when it was quickly determined he had nothing to do with the bombing, the watch listing status was removed.

(END VIDEO CLIP)

O'REILLY: And joining us now from his studio here New York to refute the secretary, Glenn Beck.

GLENN BECK, FOX NEWS HOST: This is amazing, Bill. She first says he's not on a watch list, he wasn't even a person of interest, but we put him on the watch list -- but she just said didn't, because he was being interviewed.

So, in other words, she says we had no evidence. So it's her racism that put him on the no-fly list.

But not a watch list. That's not the same. His -- while she tries to play this down, his apartment was searched for nine hours.

His roommates were interviewed for five hours. He was given a designation of something called a 2123B. This is the front page of the document.

This was given to us by sources inside the administration. And we have about 10 sources on it. The problem is, the 2123B is not the no-fly list.

That is a terrorist designation of the highest order. What reporters are just taking the -- Janet Napolitano's word for it, why is beyond me.

But what they are missing is page two which they don't have. But our sources have given us. Page two also goes on to say he is armed and dangerous.

You don't put somebody on that. It takes two people to put you on the watch list, according to the Patriot Act. Armed and dangerous, in this watch list.

It says right here on the front that there is a second file on him. So, now, he's been a 2123B terrorist of the highest order. And it says in here, "Oh, by the way, there's another file."

Then, suddenly, after the president meets with the Saudis and then John Kerry meets with the Saudis, all of a sudden, he's not a person of interest. And somebody goes in and tries to delete this file.

They tried to get rid of all of the evidence. After "TheBlaze" reports it, they tried to get rid of all of it. One other thing, he comes in here with a VIP status. He has never been vetted before. Who is he.

O'REILLY: He has some connections to the Saudi royal family. All right, so look, they -- well, the bottom line is, you say that you suspect that he's a bad guy.

BECK: No, no, no. The federal government designated him --

O'REILLY: All right. And all that backup is on the "TheBlaze," right, at blaze.com.

BECK: Yes.

O'REILLY: And they say, he isn't a bad guy because, we thought he might have been, but we've investigated him and he isn't. Is there ever going to be any -- are we going to find out what the truth is.

BECK: Yes. There are six congressmen that are looking into it. It just requires some press that is willing to go along with us and look at it.

O'REILLY: Here we are, Beck. We're always willing to give you a hearing.

BECK: What we need it, Bill, we need journalists that are not going to give up. Why, if this guy is no big deal, why was this -- and our sources say, this has never been done before. To a 30-year vet, one of our sources, said, "I've been doing it 30 years. I've never seen anything like it."

What this says is, after "TheBlaze" started reporting this, I believe it was yesterday this was put out, if you go in and try to look at any of these documents, there's a warning, "You're breaking the law. You're not allowed to look at it unless you are right in and part of this investigation."

This -- well, according to our sources in law enforcement, this puts the wall back up that, really, was one of the problems that we tried to get rid off of September 11th.

They're hiding the Saudi connections. I don't know what they are. But who is this guy. Where is this guy.

O'REILLY: He's supposed to be a college student.

BECK: He didn't show up to his college.

O'REILLY: No, but they said that he transferred to Boston and he's in Boston now.

BECK: He didn't. There's no record of it. In his 2123B, it does not say that.

O'REILLY: No, I mean, this is new information.

BECK: And everybody is taking the word of Janet Napolitano and the DHS. That's like calling the Nixon White House and saying, "Are you sure there wasn't a break-in."

(LAUGHTER)

O'REILLY: All right. So you're skeptical of the secretary.

BECK: Skeptical might be an understatement.

O'REILLY: All right, Beck. Beck is in town. By the way, he's getting the Best Picture of the Year award from Robert De Niro, right.

BECK: No.

O'REILLY: Or something like that, tonight, the Tribeca Film Festival?

BECK: Tribeca Film Festival has awarded me the Disruptive Innovator of the Year award.

O'REILLY: Disruptive Innovator of the Year. I'd like that. Were there any other people nominated. I don't think so. It was just you, right.

BECK: No, you know what, the people who are disruptors in different things. I think Justin Bieber is giving one tomorrow, the guy who did "Gangnam Style."

O'REILLY: Oh, well, you're in good company there, Beck.

BECK: And me.

O'REILLY: All right. Check out "TheBlaze." It's a serious story.

Content and Programming Copyright 2013 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2013 CQ-Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of CQ-Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.