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Transcripts For CNNW CNN Newsroom 20111222

extension that was passed by the senate. today neither side shows any signs of giving in. i told the president there s one big reason why we need to do a full year, and that s jobs. a one-year bill like the president requested and like the house produced is simply better for jobs and better for our economy. let s enact this bipartisan compromise, however, to eliminate uncertainty for american families and then get right to work on a one-year version. not wait until february. not walk away and hold off until the last minute. got more encouraging news about the job market. the number of people filing first-time claims for unemployment benefits fell last week to the lowest level since april of 2008. labor department says initial claims dropped to 364,000. that is down 4,000 from a week before. many economists say a level below 400,000 means enough job growth to lower the unemployment rate. a wave of explosions rocks baghdad. car bombs, six roadside bombs, and a mortar ro

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