Than 450,000, they escape any income tax hikes. Theite emized deductions are capped for anyone who makes 250,000 or more, or combined with 350,000. Estate taxes will go up, for inheritances over 5 million. Unemployment insurance is extended for a year, the alternative minimum tax will get a permanent adjustment for inflation. That, my friends is just the start of all of this. That is a 16. 4 trillion debt ceiling which is likely to stir up another ugly fight. President obama is already positioning. I will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws they passed. We cant not pay bills we have already incurred. If congress refuses to give the United States government the ability to pay these bills on time, the consequences for the entire Global Economy would be cat stenographic, far worse than the impact of a fiscal cliff. Lets bring in brianna keilar. A lot of people are talking about winners a
Newsroom continues. Good morning, happening in the newsroom dodging the fiscal cliff crisis for now. With all of the talk about spending less why are lawmakers giving billions to businesses that are already thriving . Well show you who is cashing in. Party crashers, republicans split over the tax deal and the core values of the gop and that strained unity faces a bigger test as a new deadline looms over spending cuts. While the gop licks its wounds, wall street gets ready to celebrate. U. S. Stocks set to open higher as markets around the world trade higher on the deal. And they told us to basically drop dead. Thats how one new yorker is reportedly characterizing the house after ending the session without sending any sandy relief to the northeast. Everybody played by the rules, except tonight, when the rug was pulled out from under us, inexcusable, indefensible. Newsroom starts right now. Good morning, im Victor Blackwell sitting in for carol costello. 11th hour drama, congress swerves
That a u. S. Senator is calling an investigation into is gations that the company a pyramid scheme. And Richard Sherman, his postgame interview has gone viral. Well focus on how to manage the message without jeopardizing sponsorship dollars. That was unbelievable. I was feeling for erin andrews in that one. Moments ago, we got news that the u. S. Attorneys office subpoenaed chris christis campaign for documents related to the bridgegate scandal. The got news that the u. S. Attorneys office subpoenaed chris christis campaign for documents related to the bridgegate scandal. The former Campaign Manager for president obama is here for the hour. David, this story is not going away, wont seem to go away. What is it going to mean for his ability, chris christis ability to raise funds toward a 2016 bid. I managed the campaign in new jersey. I can tell you, you dont want your campaign to get subpoenaed. I think at the end of the day, the story may hold up, it probably will. This is an enormous
I dont know why. Joy because there will be blood and it cant be on my show. You can catch mob wives sunday at 8 00 on vh1. Thank to all of my guests. Well see you tomorrow. [ theme music ] jennifer im jennifer granholm. Tonight in the war room, of all of the words spoken in support of gun safety over the last few weeks, these four may pro forma to be the most important now is the time. As americans we are endowed by our creator with certain inalenable rights that no man or government can take away from us, but we have also long recognized as our founders recognized that with rights come responsibilities. Jennifer a call for an assault weapons ban, call for limits on magazine rounds and dozen of other measures. The most sweeping effort at gunsafety reform, well ever. And with it comes the inevitable backlash. But to those who have worked to weaken gun laws and to those who will sink to any depth to sink to that what theirs and theirs alone, take solis in this you didnt leave us any choi
[ theme music ] jennifer im jennifer granholm. Tonight in the war room, of all of the words spoken in support of gun safety over the last few weeks, these four may pro forma to be the most important now is the time. As americans we are endowed by our creator with certain inalenable rights that no man or government can take away from us, but we have also long recognized as our founders recognized that with rights come responsibilities. Jennifer a call for an assault weapons ban, call for limits on magazine rounds and dozen of other measures. The most sweeping effort at gunsafety reform, well, ever. And with it comes the inevitable backlash. But to those who have worked to weaken gun laws, and to those who will sink to any depth to sink to that what theirs and theirs alone, take solis in this you didnt leave us any choice. Jennifer the president came out hard on gun safety today announcing a sweeping new plan to curb our nations rampant gun violence. He took his case to the American Peop