this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. the u.s. house today approved an extension of the bush tax cuts, but with a catch, susie. it s just for people making less than $250,000 a year. susie: tom, today s vote is largely symbolic, because democrats don t have the votes needed to pass a similar measure in the senate. republicans don t want to cross party lines, unless the tax breaks are extended for everyone, including people making more than $250,000. tom: so what will happen to the taxes you pay? negotiations to figure that out continued late today with top obama administration officials meeting with a small group of lawmakers on capitol hill. one of those lawmakers is david camp. he ll be taking over the powerful tax-writing ways and means committee. darren gersh spoke with congressman camp early today, and asked him how the talks are
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. the u.s. house today approved an extension of the bush tax cuts, but with a catch, susie. it s just for people making less than $250,000 a year. susie: tom, today s vote is largely symbolic, because democrats don t have the votes needed to pass a similar measure in the senate. republicans don t want to cross party lines, unless the tax breaks are extended for everyone, including people making more than $250,000. tom: so what will happen to the taxes you pay? negotiations to figure that out continued late today with top obama administration officials meeting with a small group of lawmakers on capitol hill. one of those lawmakers is david camp. he ll be taking over the powerful tax-writing ways and means committee. darren gersh spoke with congressman camp early today, and asked him how the talks are
not to use fireplaces. let s start with the cold. december 1st very call this morning also a threat of rain for the rest of the week here s a look from mt. tam clear conditions and high clouds streaming into the area morning temperatures slightly warmer than yesterday probably not north noticeable chance of rain tomorrow best chance for the north bay shores possible this weekend as well. current temperatures we dip below freezing now down to the 20s through the delta are really chilly in fairfield. below freezing at the livermore valley and santa rosa right now 31. napa, concord 33. storm tracker shows you with the wet whether you can see shower staying to the north just look in the northwestern portion in also to the higher elevations as we head into tomorrow chance this cold front could stall south bringing showers and to the north bay. keeping a chance to the north of the golden gate bridge and as we head to your friday same story it tells friday evening. it could bring
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening, and thanks for joining us. susie gharib is off tonight. suzanne pratt is with us. just one day after the federal reserve confirmed an economic slowdown, wall street today reacted in a big way. suzanne: tom, stocks sold off sharply. the dow lost 265 points, the nasdaq was off 68 and the s&p 500 lost 31 points. volume also picked up, with over a billion shares trading hands on the big board and 2.3 billion moving on the nasdaq. tom: the fed s assessment of slowing growth reminds some investors of japan 20 years ago. that s when growth stalled following a deep recession. scott gurvey looks at whether we re headed down the same road. reporter: it is called japan s lost decade the decade of the 1990 s when the japanese economy did not grow. the stagnation followed a severe recession, the result of a bursting real estate bubbl
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening, and thanks for joining us. susie gharib is off tonight. suzanne pratt is with us. just one day after the federal reserve confirmed an economic slowdown, wall street today reacted in a big way. suzanne: tom, stocks sold off sharply. the dow lost 265 points, the nasdaq was off 68 and the s&p 500 lost 31 points. volume also picked up, with over a billion shares trading hands on the big board and 2.3 billion moving on the nasdaq. tom: the fed s assessment of slowing growth reminds some investors of japan 20 years ago. that s when growth stalled following a deep recession. scott gurvey looks at whether we re headed down the same road. reporter: it is called japan s lost decade the decade of the 1990 s when the japanese economy did not grow. the stagnation followed a severe recession, the result of a bursting real estate bubbl