Look at this. Were going to get to that in a little bit. Right now, lets start with the wicked weather that slammed the east coast. It was at rush hour for several cities. From the top of the east coast to the bottom of the east coast. Ground stops at baltimore, washington, reagan, newark, la guardia. Let me show you this picture. We started getting tweets from all over the place. Can we put the picture up . Is that possible . I cant wait one more time. When we start getting tweets like this up and down the eastern seaboard, you take a front thats powerful enough to shift seasons, throw in tropical moisture, and its not going to end well. The entire east coast, from florida to maine, under a curtain of pounding rain, and treetoppling winds. It rained so hard here, you couldnt see nothing. Many in places like burgeon county, new jersey, with a quick but energypacked storm. Howling winds, snapping power lines. This one becomes a glowing fireball. It was as bad as ive ever seen. Reporter
0. 4 for s p 500. 1410 is the level just reclaimed. Government shutdown now in day 14. Debt ceiling deadline one day closer. A meeting between the president , the Vice President , congressional leaders at the white house that was set for 3 p. M. Eastern has been postponed. John harwood is there at the white house. Any rumblings about when this meeting might happen now . Bill, dont know but the longer its postponed, the better, because its giving time for Senate Negotiators to wrap up a deal that they can then outline to members of the leadership bipartisan, pelosi, reid, as well as the president of the united states. Most people are bystanders at this point. President obama, the house of representatives, all attention is focused on two men harry reid and mitch mcconnell. Earlier this afternoon they both came out on the senate floor and said things were looking good. Constructive good faith negotiations continue between the republican leader and me. Im very optimistic that we will reach
Thanks for watching. Im Christine Romans following fiscal cliff all day and night. Ashleigh banfield returning tomorrow. Newsroom with Suzanne Malveaux starts right now. Welcome back to cnn newsroom. Heres whats going on right now. 2013 hitting right now in bangkok, thailand. Were looking at live pictures there as the celebrations and the fireworks exploding there. Lots of picturetaking and a lot of excitement there. Right now Pope Benedict holding a new years eve mass at st. Peters basilica. They will celebrate the new year in six hours. A couple of hours ago folks toasted 2013 in new zealand. Check it out. Pretty cool. Party started with fireworks with the auckland sky it tower. Organizers were worried bad weather would be a problem, but everything turned out just fine. Congratulations. The second major city to ring in the new year, sydney, australia. Check it out. Wow, that is over city harbor bridge. The show is huge. We are talking about seven tons of fireworks. Happy new years al
Few big things get done in washington without drama, and were although the precipice of a very bing thing. Today the cliffhanger. Were now at the last minute. Wlaefr we come up with is imperfect. Well work hard to get there. Getting a deal and getting it passed with democratic senator debbie stab gnaw and john ba wrasse a and darrell issa and donna edwards. Then, the country goes into 2013 without a farm bill. Think you dont care . The consumers when they go in the Grocery Store are going to be a bit shocked when ned of 3. 60 for milk to 8 pour milk. 2016, yes 2016 with matt bai of the New York Times magazine, the washgt post karen itemty and cnns Jessica Yellen. Im candy crowley. This is state of the union. If sigh lentz is golden, perhaps something is up. We havent heard much about whether a deal to avoid the fiscal cliff is in the works or out of the question. In what passes for a sign of hope, Senate Staff Members spent saturday shuttling papers presumably containing proposals betw
David . Were very, very close to an agreement. We need to protect American Families and job creators from this looming tax hike. Everyone afrees that that action is necessary and i can report that we have reached an agreement on all of the tax, the tax issues. We are very, very close. Adam close but you no cigar. The u. S. Falls off the fiscal cliff at midnight despite something in the work. You heard what Senate Minority leader Mitch Mcconnell said earlier today. We have members from both the house and senate on what happens next. Im adam shapiro, in for melissa francis. On money the capitalgains tax in the crosshairs. The capitalgains tax will spike in the new year. How can investors protect themselves from the coming blow . Respect your elders or else. A parents dream, a childs burden. Adult children forced to financially support mom and dad and pay regular visits in one major country. Well tell you where and why theyre doing it. Even when they say its not, it is always about money