Republicans for their part insist that the president gets serious about cutting spending in order to reduce trillion dollar deficits and a National Debt that is now mindboggling league not monotonous. House minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. Today she offered a paradoxical statement on fiscal policy that would make both casey stiegel and yogi berra proud. The tion now just 24 days away from 600 billion of spending cuts and tax increases that will automatically kicked in. And pelosi has some wise words for washington. Please listen terror. This is a moment of truth. The clock is ticking. Christmas is coming. The goose is getting fat. In many Homes Across America it is very, very lean times. You cannot cut your way to deficit reduction. Lou thats right. Pelosi says we cannot get our way to deficit reduction. Listen to the top democrat in the house of representatives, the former speaker of the house unveiling on dealing with the fisca
Total deadlock in the fiscal cliff negotiations. President obama is expected to make a statement on where things stand at any moment here. And with a preview we have fox businesses peter barnes. He is at the white house. Peter what do we expect to hear . Well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. We expect the president to say that he still wants to get a deal with republicans to do that. That is still going to be time. However, that they will have to do it after the christmass3 holiday. The president plans, is planning to go to hawaii for christmas with his family. Speaker boehner has left town. Gone back to ohio. For the holiday. The senate is expected to come back on, on december 27th, the thursday next week, which is the earlit that they would be expected to get back to work on this. Melissa . Melissa peter, wh
Vote on a measure he thought could be a good titfortat against the president. At issue, a measure that would keep tax rates the same, for better than 99 of americans, only raise them for those earning a mullion bucks or more, it looked like it was coming together, until it was not. A number of particularly conservative Tea Party Members of that Republican Caucus abandoning the speaker saying, no way in heck i could vote for this. He could live with losing maybe 20 votes, then is started accelerating, then it started to look like a vote that was supposed to embarrass the president to turn around and embarrass the speaker, right now the speaker having to shelf the vote for now, peter barnes live on capitol hill capito. We just learned they are cancel anything vote for tonight, republicans called an emergency meeting after it became clear, to gel, that the speaker would not have the vot votes. For the plan b that Speaker Boehner was pushing, ty had a emergency conrence meeti that started
Melissa Merry Christmas eve, everyone. North American Aerospace commander norad is currently tracking santas progress. So far he has delivered within 2. 3 billion gives. He has a way to go. My little guys are still waiting for their presence. Captain, thank you for joining me. Is there anything santa should look out for . Not at all. We are looking very carefully. It looks like it will be smooth sailing for santa tonight. Melissa how is his progress so far . 2. 3 billion is a lot of gifts. He has a lot of ground to cover. He is only about a third of the way through his journey. He is down in the and arctic area heading towards madagascar. It looks like he will be right over the eastern part of the United States at about 9 00 p. M. Tonight. Melissa where has he been so far . So far, he has covered all of asia. He started off in the island and moved over to japan, russia, india, and is making his way up the east side of africa. Melissa you do not see any weather problems later tonight in
Gerri hello, everybody, i am gerri willis. It has been a tumultuous year for the markets. Weak economic growth, and of course the election itself. Some analysts picking games 2013 as much as 14 of the market and others lost as much as 14 . It is not working for me today. I think we should talk about else. Ig i will get to talk about a santa claus rally. Ral is there a santa claus rally . Ra will we have a true santa claus rally . Listen, think itll b it wile tough to get one this year. I think there will be a lot of repositioning in portfolios coming toward the end of the year. A people are getting very nervous about the fiscal cliff. I was on the show a couple of weeks ago whe and i was not a tn concerned because i thought we would get a deal done. Al it is starting to hurt people. Ut a good call by you. Frankly, gerri, that is what will hurt stocks and investors spending or appetite as s well. E gerri i love it when you tell me i am right. It often doesnt last very longy i have got t