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Transcripts for CNN The Lead With Jake Tapper 20211201 21:35:00

until we get the final answers. reporter: the omicron variant driving a roller coaster four days in the stock market with federal reserve chairman jerome powell raising alarm. the recent rise in covid-19 cases and the emergence of the omicron variant pose down side risks to the employment and economic activity and increased uncertainty for inflation. reporter: it s a perfect storm of uncertainty both economic and in public health. at a critical moment for biden on capitol hill. as a crush of deadlines face lawmakers with no clear pathways forward just yet. we need to come together and keep the government open. reporter: lawmakers scrambling to fund the government before a december 3rd deadline as a potential default looms if the debt ceiling isn t raised by december 15th. with biden and senate democrats targeting a christmas deadline to pass biden s sweeping $1.75 trillion economic and climate package. now it s time to build on our success and cut costs further for families

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