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
After as investors take a breather and equities but not cold. Josh following the moves on capitol hill for the following confirmation of janet yellen. We will get to josh in just a moment. First, the white house says it will veto new congressional legislation that would toughen sanctions against iran. Senators from both parties introduced the bill earlier today despite appeals run the white house and secretary of state john kerry. Bloomberg International Correspondent just landed in washington after traveling overseas with secretary kerry and she joins us on the phone. Good evening. Good evening. The white house has threatened to veto this new iran sanctions bill. Dumping the president has not done before. Why is this such a sensitive issue . This is a very big deal. His administration has worked with congress in the past to try to adapt previous sanctions legislation to the something that the administration could live with. To come out and threatened to veto the bill, remember this is
The new. The sound of a cobbled excluding a torch outside the Greek Central Bank building in athens. No one was hatched between dennis was smashed and the boss does greece crete and its return to International Bond markets today. Beneath the theft is still on the gifts guerrilla groups were behind the expansion of the bank of greece all this in the heart of the capital with government buildings and embassies me a bunny. Of course the theological but i think its also a form of protest against everything its not like to post but what can i say what can i say to people smiling resulting in an uncontrollable. Where of course its not pleasant in trouble walking up the day the couple was still in your unused esteemed told that someone was seen running away from it before the plows morning calls with a tiffany deal reportedly staying around seventy kilos of explosives were used on corresponding to the content could be sitting in the blast outside offices of the countrys holiest Banking Instit
Calls for separate is in ukraine to postpone their vote on independence saying Russian Troops have now pulled back on the border ukrainian Prime Minister of the russian president s comments on here. Barclays said it would cut some nineteen thousand jobs over the next three years. I think its a cap is in the Investment Bank in the scandal the french soldiers killed overnight in northern mali. French defence minister says france is sending three thousand more soldiers to fight islamist terror prisoners in the past the Health Region that cost is from the tcf. The Chinese Council spent at first it to the trapped between the russian president threatened to put in and the head of nato on changes in ukraine on wednesday put in said hes pulling a Russian Troops back away from the border. But the next weeks post it later in the day the nato chief said he had seen no signs of russian troop withdrawl. That prompted Russias Foreign Ministry to say that meter head anders progress reason was quote a
Safer. For their part factory owners, complain that their International Customers have talked about improving conditions but havent been willing to pay for it woodruff those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill another school was engulfed by sudden violence today, when a teenager stabbed and slashed 19 students and a Security Guard in pennsylvania. It happened just minutes before classes began at franklin regional high, in murrysville, about 20 miles east of pittsburgh. The 16yearold suspect was finally wrestled down. Police did