Boo incredibly easy. And when the gloom lifts. The house of pain. It almost feels like a reprieve from some sort of stock market death sentence, as it did today with the dow climbing 83 points. The nasdaq declined. 77 largely because of apple, more on that later. Now, i am not dismissive of the negativity that i see pretty much everywhere. Weve got a couple of real solid reasons to feel totally downbeat. First, i cant believe were still focusing on this washington thing. For five years weve had to keep one eye on washington, one eye on wall street. I remember whole tenyear stretches i didnt care what was happening down there. At the moment, we can barely focus on anything but washington. The whole u. S. Economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship thats been empirically measured to being the worst since 1860, the origins of the civil war. Lets hope it doesnt take out that particular benchmark. Were witnessing a titanic struggle
Are old enough to drink, you can consume as much as one ounce of pot in Washington State but you still cant grow it and you still cant sell it. Technically, you still cant buy it and youre not supposed to light up in public either. What are you all doing out there at that party . My colleague was there. He was on the not so mean streets when the law took effect. Ill be interested to find out what the absentee rate is at seattle workplaces today, miguel. Reporter i think most people are going to work here. Its not quite as crazy as that. Its cold and rainy. Puts a damper on things. There were a lot of parties across the entire state and a lot of those issues you raised will be taken care of in the near future. Last night was a night for celebration for these folks. Four, three, two, one. Reporter the moment recreational pot, anything less than an ounce no longer illegal in Washington State. Its amazing. Im not a criminal anymore. I cant go to jail for small amounts of marijuana. Im free
Bombs. And president obamas pot problem. Lets go outfront. Im tom foreman in for erin burnett. Outfront tonight, the magic number after a whole week of harsh words here in washington and threats to, did House Speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff . It comes down to tax rates. This is a huge Sticking Point in the stalled negotiations between the president and mr. Boehner. Obama says the top rate on Household Income above 250,000 should rise from 35 to 39. 6 . Boehner wants the rate to stay at 35 or even lower. But what about meeting in the middle . Around 37 . Listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. There are a lot of things that are possible. To put the revenue the president seeks on the table. But none of its going to be possible if the president insists on his position. Insists on my way or the highway. You hear what he said.
Good morning, everyone. Hi to robin at home. Great to have Elizabeth Vargas right here. And there is lara, standing by in london with all the latest on the big baby news. We have a lot to go to on that. Also at home, new developments in the tax showdown in washington. A deal has to get done by january 1st or everyones taxes will go up. Well talk about what it will take to get negotiations back on track. Republicans had their proposal yesterday. Well see what the reaction is. Also, take a look at this video. Is this the reallife grinch who stole christmas. The man caught on camera stealing Christmas Decorations. Letting the air out of the whole thing. Well get more on that in just a moment. Also, jessica biel here live. Whats life like right now being married to Justin Timberlake. Also, a new movie, on the way, playing for keeps. So much to talk to her about today. That is coming up. Lets go to lara, live, all morning long, at Buckingham Palace with the latest details on the royal baby.
Republican ares are over the barrel are. Obama is not letting up. This is a solvable problem. They are waving a white flag. In the 20 second sound byte world in which we live, that is the take away. They will be pushing that and it will go to the senate and we will lose. We dont have a revenue problem. We lost the election, sean. This is a solvable problem. He is not budging. Obama is not letting up. There is no hard deal on the table yet. This is a dangerous game. They dont believe republicans are going over the cliff. Lets go over the cliff. Are they going to raise taxes on everyone . They will be push ping that and well go to the senate and well loose. There are 25 shopping days for a deal between Congressional Republicans and president obama before we go flying off the fiscal curb. Today, from a Kitchen Table in northern virginia. This is a solvable problem. The senate at already passed a bill that would make sure that middle class taxes do not go up next year. To be clear, im not