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that both republicans and democrats are wrong. they are betting that if we say no new taxes, do it on the spending side, the problem is spending affects the public. a lot of people are going to use their benefits and they say we will tax the rich and not the middle class and that won t produce enough revenue so that s not going to work either. the bush era tax cuts is a fierce battle that the president had vowed many times he would not extend the bush era tax cuts but in december he did. he did so to prep event a tax hike on middle class americans. for much more on this debate, check out, of course, cnn s money website. and the debate is only beginning, mary. thanks very much. let s dig deeper right now with gloria borger. the president had been on the side lines over these past several months waiting for the republicans, presumably, to come up with their plan. now he s playing and part of
all right. cnn, of course, your source for money news. let s get you to the best money website on the web, cnn dols money.com. the read story here, stocks sliding. and the slide accelerating. we are actually off of sessions lows at this point. the dow is down 73 points. the nasdaq, i forgot that number. where are we? down 19 points. about just a little past three hours into the trading day. there it is dp you want to we site for yourself here. we re down 60 now. we re going to follow these numbers for you throughout the day here in the cnn newsroom. britain s closest general election in decades is happening right now. we want to get you to richard quest.
all right. cnn is of course your source for money news. as always, we invite you to visit the best money website on the web, cnnmoney.com for the latest financial news and analysis. let s get you to the big board now. new york stock exchange. well, we re off of session highs to be sure. we re on a run of seven days of positive gains for stocks. we re up three. and the nasdaq is down two. so a mixed day so far. we re following numbers for you throughout the day. every day it seems we re hearing about another public school district taking drastic steps to stay afloat in this economy. guess what, it is about to get worse. if you can believe it. josh levs is here to show us what s happening after this stimulus money runs out. josh, what is this about a
all right. at this time we like to direct your attention to our terrific money website, cnnmoney.com. you met tami luhby earlier in the hour. she s part of the terrific money team. the lead story at cnnmoney.com is new credit card traps. okay. we need to work up a segment on that for tomorrow s show. let s get you to the new york stock exchange, big board. better than three hours into the trading day, and you can see the dow s in positive territory, off of session highs a bit here, but still positive territory. we re up 37 points. the nasdaq is up 6. and we are following these numbers throughout the day for you. president obama s plan to expand nuclear energy is generating new fallout over radioactive waste. specifically what to do with it? our brian todd reports. reporter: some 70,000 metric tons of nuclear waste, stored in