mitt romney was against it as a temporary little band-aid in october, and then in november so far, at least, in november, he has been for it. the biggest news in d.c. politics right now is the big congressional supercommittee has failed. one of the things people hoped was going to be worked out in the negotiations was this issue of the payroll tax cut. also the extension of unemployment benefits. according to the congressional budget office, if those two things don t get extended it will have a huge negative impact on the economy. since the supercommittee failed to act on those two things, there will now be the usual level of political fighting about those things with the added spark that the combatants in the fights are going to be people running for president. here s the thing, though. the election is a really long way away. the election is a year away. and we all have to live in this country no matter what happens in this election. these fights are not just for show. they re not jus
the nikkei lost 26 points, while in hong kong, the hang seng dropped 265. well there will be no holiday mood this week on wall street. just euro debt gloom. expect light volume, which lately often leads to volatile swings on headlines. the week s potential headline data includes tomorrow s preliminary report on the nation s third quarter economic output. wednesday brings weekly jobless claims. traders will watch for signs from spain. over the weekend, that nation s ruling associatists were voted out. the third government toppled in three weeks over europe s debt crisis. one new area of concern germany s bond market, long considered one of the world s safest havens, there s been a heavy selloff over the past few days. adding to uncertainty, as reported earlier, the congressional supercommittee has apparently failed to bridge their partisan differences. asian markets were hit this morning by their own worries. singapore warns of a sharp growth slowdown. japanese exports tumbled and
here. the suspect who is broke and living with his mom was ordered held without deal. elsewhere, it appears lawmakers tasked with slashing more than $1 trillion from the nation s deficit are throwing in the towel. after months of partisan disagreements on tax cuts and spending, it looks like the so-called supercommittee has failed. nbc s brian mooar reports. reporter: with a drin looming, members of the congressional deficit-cutting supercommittee seem to have agreed, there will be no agreement. and the other side is to blame. nothing new came out of this from the democratic side, it was the same thing, raise taxes, pass the president s jobs bill. no entitlement reform. they think they re going to win the senate, win the presidency and they want to wait until next year and write their own deal. the bipartisan committee has to agree in cuts by monday evening to meet a deadline for a vote. but the 12 members are deadlocked. republicans are standing firm on tax increases.
writing with fire. shatner. and the greatest moment of his life. what s been the single greatest moment of your life? doing piers morgan interview. well, obviously. this is piers morgan tonight. william, shatner, welcome. i don t want to shock you. woke me up. do you know i look at you. somebody said to me, you re 80 years old. somebody said to me, you re 40. that s 46, actually. either way. you don t look 80. you shouldn t be 80. i don t feel 80 and i don t know how to deal with that. i don t know how to deal with being 80. judging by this book, quite miserably. you don t want to be old and 80 and facing death, do you? no. as you ve already read in the book, i describe getting my 80th birthday getting up and not wanting to get up and realizing that i had to get up because it could all end right now. you have been through this before because you talk about your 40th birthday where you lay in bed for days on end. did you not feel, 40, what have
and a reminder tomorrow night at 8:00 p.m. is our debate. i ll be back tomorrow at the same time, but for now, jim costa is next. nice to see you in person. this doesn t happen very often, but nice to see you. i m jim aacosta. let s get you up to speed on this november 21st. after months of talks the congressional supercommittee is expected to announce today it simply cannot agree on a debt reduction package. everybody is pointing fingers on what caused the mess. we ll explain that on capitol hill in about ten minutes. speaking of the supercommittee, already markets are reacting badly to fears that the debt committee won t reach a deal. u.s. stocks opened sharply lower today. right now the dow is down over 300 points. this follows last week s losses on wall street, the worse in two months. former fbi director, louis freeh, will lead the internal investigation into the penn state scandal. jerry sandusky is charged with molesting eight boys, some on campus. freeh pledged a