In a report in The Washington Post , the author reported on a speech given by Grover Norquist, an anti-tax lobbyist.
The author writes about what Norquist said and includes the most important quotes that would best explain what Norquist was trying to say.
The article doesn't really go deeper into what Norquist was saying and what the significance of it is, it only highlights his opinions of the "fiscal cliff".
In another report about a speech in Fox News , the author uses a similar format but goes more into depth about what the speech giver, Ted Cruz, had to say by using more quotes.
I think using quotes is extremely important when reporting on a speech because we want to give the reader the experience of having actually heard what the person had to say rather than how the journalist paraphrased what the person said.