we are not out of the woods yet. we could still have problems. in fact, i would count on it. chris: explain. what do you see coming out of the committee that is going create problems. two things. first, immediately we have to figure out what to do about a number of provisions in the tax code, government spending programs that are going to expire at the end of the year that mattery lot for the economy. for example, the payroll tax holiday that we all got this year expires at year s end. everybody s taxes are going to go up on gang 1. doesn t seem to me that makes a january 1. doesn t seem to make sense in terms of the weak economy. that could have significant implications for growth next year. emergency federal unemployment insurance comes to an end. we have the doc fix. a whole slew of thing. it is unclear how they will come to terms to figure this out. i had hoped that they would figure it out as part of the supercommittee process. if that is dead that is a big problem. going in
afghanistan. so to honor him, she joins the marines to finish his mission. let me get you caught up on the headlines, what you might have missed while you were sleeping. first of all, president obama came home, he s back at the white house now after wrapping up a nine-day trip that took him to hawaii, australia, and indonesia. the trip was meant to promote american business and manufacturing in the region. also on capitol hill today, live picture you are seeing. work will be going on. members of the deficit supercommittee promising to keep working to get a deal done. now one member of the so-called supercommittee is openly admitting that a compromise is unlikely. a live report just a couple of minutes away. [ crowd noise ] what you re seeing here, police firing teargas into crowds of protesters in cairo s tahrir square trying to break up demonstrations. the second straight day of protests aimed at the military government that took over for former egyptian president muba