Hightech planes. Im wolf blitzer, youre in the situation room. With just 27 days to go until all of us are hit with tax increases, takes it across the board a cut of 55 billion. People have it in their power to avoid the socalled fiscal cliff arent negotiating, theyre not debating right now, so many of them simply leaving town. But theres more going on than meets the eye. Lets bring in our senior Congressional Correspondent dana basch, she has the latest. Reporter theres so much political theater around here right now, you could say tickets. One of todays acts was the house leaving. Lawmakers streaming out of the capitol hill, racing to their cars to get to the airport and go home. Its a scene you usually see on a thursday afternoon or friday morning, not wednesday at noon. Good morning. House Republican Leaders told members theyre free to leave, because they have nothing to vote on. I understand that you are saying legislation has been put on the floor. When it comes to just pure opti
Im wolf blitzer. Youre in the situation room. We begin with the looming tax hikes. All of us are facing a little over three weeks. Those increases coupled with spending cuts in vital programs including defense, health care and Housing Assistance are being called the fiscal cliff. The only way to i void it is for president obama and congress to make a deal, cutting spending and raising revenue. Adding to the sense of urgency. News that 350,000 people simply gave up looking for work in the month of november. And while that drove the Unemployment Rate down to 7. 7 , the fiscal cuts and tax hikes are expected to dramatically slow job creation and increase unemployment possibly plunging the economy back into a recession. Lets go to dana joining us from capitol hill. The latest negotiations dont seem to be going anywhere. They sure dont. The House Speaker ended the week by calling it a wasted week. He only had one phone call with the president of the United States and he said it was just, mo
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