It is always about money. Melissa all right. First the days market headlines. A bad day for stocks just keeps getting worse. A News Conference by president obama only amplified fears about the fiscal cliff and down to a 4month low down 185 points. Banks of america led the slide, closing down more than 3 1 2 . One bright spot, cisco shares surged 5 on an earnings beat. Now to our top story, president obama may be a betting man because he is trying to double down on how much tax revenue will be raised as part of the fiscal cliff deal. After meeting with Business Leaders today and Union Leaders yesterday, the report president is reportedly takg a hardline with the gop, pushing for a 1. 6 trillion tax hike on corporations and the wealthy over the next 10 years. Here it comes. Joining me is union leader. Thanks so much for joining us. Youre the national, sorry, the president of the National Education association. You attended the president s meeting with labor leaders at the white house. Th
And return to the country during the eightyear period and provisions for Stricter Border security and background checks for employers. The white house is denying they leaked the proposal. And its just a backup plan saying they prefer a Bipartisan Team come up with something that works of t works. As you expect, republicans quickly pounced. Marco rubio already called it dead on arrival and then took a break for water. And senator rand paul had this to say. This is the president torp o torpedoing his own plan. When they come out and say my way or the highway and if congress doesnt ask ill put it on the desk and say pass it now, thats no way to get it done. And then hell blame it on us. But it seems to me to show that really the president really doesnt want Immigration Reform. The president doesnt want Immigration Reform. Only in the bizarro world of congress can you be labeled not serious about an issue by proposing legislation specifically focused on that issue. Thank you, senator paul.
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