Updated

This is a rush transcript from "Special Report," May 14, 2013. This copy may not be in its final form and may be updated.

(BEGIN VIDEO CLIP)

SEN. HARRY REID, D-NV, MAJORITY LEADER: Earlier this year they didn't say a word when Republicans held up for months and months security funding out of our embassies. They are still doing this.

SEN. BARBARA BOXER, D - CA: It takes funding to protect an outpost. Yes, it takes funding. Who cut the funds from embassy security?  The Republicans in the House, that's who.

(END VIDEO CLIP)

BRET BAIER, ANCHOR: That was a common theme today from Democrats about Benghazi.  There you see two senators talking about it. They weren't alone. Let's take you back to testimony October 10, 2012.

(BEGIN VIDEO CLIP)

REP. DANA ROHRABACHER, R - CA: It has been suggested that budget cuts were responsible for a lack of security in Benghazi. And I'd like to ask Ms. Lamb, you made the decision personally. Was there any budget consideration and lack of budget which led you not to increase the number of people in the security force there?

CHARLENE LAMB, STATE DEPARTMENT: No, sir.

ROHRABACHER: That is all I need. Thank you very much.

So it wasn't a lack of money, as we've heard by some people trying to suggest that.

LAMB: Sir, this was an unprecedented attack in size and ferocity.

(END VIDEO CLIP)

BAIER: Back with the panel. OK, Benghazi, down the row here, where is this headed and well, where is it going?

JASON RILEY, WALL STREET JOURNAL: Well, let's hope it's headed to a select committee which would have subpoena powers to force people to answer questions from various agencies and departments.

But the president's behavior here is pretty outrageous. You have four dead Americans, including a U.S. ambassador, and the President of the United States suggests that anyone asking too many questions is politicizing the issue in order to raise money. It's outrageous.

BAIER: Chuck?

CHARLES LANE, EDITORIAL WRITER, WASHINGTON POST: Well, I thought that was good try today by the Democrats to turn it into a question of government spending. I don't think it worked. I don't think it's going to quell any of the questions. I don't know whether we need a select committee or not, but if what Politico says is true that John Boehner, if not obsessed, is deeply interested in the matter, it's going to continue. The Republicans control the House and they have all the power they need to continue investigating, and they're going to.

BAIER: Charles, when the president says there is no "there" there, it almost seems -- and I asked Dan Henninger this last night, that he was challenging reporters to say, no really, there is no "there" there.

CHARLES KRAUTHAMMER, SYNDICATED COLUMNIST: Well, look, there are three "there's", and they are extremely important issues and the administration is hugely on the defensive and hasn't really answered. And it's the same three we have always had. Why were the requests for security denied, including the desperate ones of the ambassador who ultimately was killed? Second, what happened on the night, how could America not have at least made an attempt of rescue? And the response by Democrats, well, it wouldn't have arrived in time. How in the hell do you know in advance it's not going to arrive in time? How do you know it would only seven and a half hours and not 17 and a half hours. That is not a response.

And where was the president on that night? We've all seen the videos and pictures in the Situation Room of Obama on the night of the Usama raid. And everybody looks at that, oh he was really involved in that. Show me a picture of where he was on the night of the attack in Libya.  Give me a timeline. Who did he talk to, what did he do?

And lastly, the talking points, which are a fiction, and compounded by the fact that the president now says, I said it was a terror attack on the day after. That is not true. Even the Washington Post has said today it was absolutely a falsehood. It's a falsehood on top of falsehood.

The one advice I give to Republicans is stop calling it a huge scandal. Stop saying it's a Watergate. Stop saying it's Iran contra. Let the facts speak for themselves. Have a special committee – a select committee. The facts will speak for themselves. Pile them on. But don't exaggerate, don't run ads about Hillary, it feeds the narrative for the other side that it's only a political event. It is not. Just be quiet and present the facts.

BAIER: That is it for the panel. But stay tuned for an unexpected guest at the White House.

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.