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Transcripts For CNNW Anderson Cooper 360 20111117

outfront tonight, the market slid nearly 200 points today. the reason, fear and uncertainty. fear of europe and fear of the super committee. we are counting down to a huge moment for america on a day our commander in chief was warned china s military is building up with one main goal, taking on america. i ll get to that in a moment. first, the super committee is exactly one week away from its deadline to cut a minimum of $1.2 trillion from america s deficit. today was a day called critical by some lawmakers. the meetings have ended. there is no word on a possible deal. now, nearly 80% of americans don t expect the super committee to do its job. but no deal isn t just a chance to roll our eyes and say, hey, we knew it all along. no deal is bad for america. no deal means rising interest rates down the road and a halt in job creation now. we need a deal, and a deal is not hard to strike. we ve shown one way repeatedly on this show. that s to roll back the bush tax cuts for eve

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