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Transcripts For WJLA ABC World News Now 20121115

To cover your hineys. Not frying to cover. Stories that make you go, hmm. The president talked about the looming fiscal cliff and what he said at the white house got a lot of attention on wall street. Stocks sank because of fears there will not be a deal by end of the your to head off higher taxes and those steep spending cuts as well. The dow tumbled 185 points. Almost 1. 5 . Overseas markets are trending lower this morning. The thing is, you hear people in other situations say the president , because now he doesnt face reelection is more than willing this team to perhaps let the country go off the fiscal cliff much more than he was last time around. So a real potential that everyones taxes go up january 1. This is, theyre not bluffing as much this time around. Really could happen. Overseas now where israeli aircraft, tanks and knave gun boats are pounding the gaza strip for a second day. This follows the military strike yesterday that killed a top hamas leader. The report from tel av

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