Was then called the nuclear option, changing the rules, turning the senate into a smaller version of the house, where the rights of the minority caucus are ignored. Consequently, we were able to Work Together that way, crossing party lines, crossing with the id administration wanted done or what the caucus leadership on both sides wanted done, it showed we had a certain independence. I will never forget the late senator robert sitting in an office with us all together, sobbing, saying, we saved the senate. We came to an agreement that we were going to vote to give a judicial appointees and up or down vote, rather than having to go to a filibuster. It was very difficult to get 60 votes. It was difficult at times to get 60 votes to tell what day it was or whether it was day or night. We proved we could Work Together. That did not work in perpetuity. For that period of time, there was a willingness to cooperate and Work Together, the likes of which we have not seen since. Harry reid has a
Shutdown . It was hurt. By my calculation, it cost us about 24 billion in g. D. P. , thats the value of all the sthingz we produce. So just to put that into context that shaves about a half a percentage point from growth in the fourth quarter, and i expected the economy to pick up pace but now i think its unlikely. Were stuck in a slowgrowth lackluster kind of environment. Schieffer i guess that lead to my second guess, does the reopening now, will it bring money back in somehow . Could it be recovered during the holidays . Well get a lot of it back. The shutdown was disruptive to lots of different parts of the economy, to trade, to mortgage lending, to and obviously tourist destinations. A lot of that will come back. I think prevading the entire economy is this uncertainty which i think the effects of that are corrosive have been accumulating and obviously given the nature of the deal that were going to take this into next year will continue. Schieffer and what about just sort of how
That are falling apart. Will Congress Respond to the billion dollar price tag . There is agony and brief in turkey. At least 274 miners died in yesterdays explosion. The families of 124 missing families are anxiously waiting for news of their loved ones. Violent protests after turkeys Prime Minister visited the site. Demonstrators blamed the government for the disaster. Andrew simmonds reports. Reporter what was a rescue operates is now a procession of carrying bodies to the surface. A fleet of amambulances driving away the dead. This is the aftermath of on underground fire, an explosion, poisonous fumes every miners worst fear. And now for the families, stunned imcompression. Rescuers did their level, but most miners who died had no means of escape. Hour after hour families waited in vape. Reporter its become a grain routine, every so often bodies arriving. People hoping theyll recognise their loved ones, hoping theyll be alive. That is a forlorn hope. Names of the dead were posted at
Plus well hear from republican senator lindsey graham, who urged republicans not to shut down the government. And democratic senator mark warner will be a key player as the two sides look for answers in the days ahead. Well get analysis from mark zandi of moodys analytic. Stuart rothenberg of the rothenberg political report. Gerald seib of the wall street journal, and Michael Gerson of the washington post. The government is back in business, and compg it all is our business because this is face the nation. Captioning sponsored by cbs from cbs news in washington, face the nation with bob schieffer. Schieffer and good morning again. We welcome to the broadcast the Senate Republican leader Mitch Mcconnell. Senator mcconnell, jim baker, the former secretary of state who led five republican president ial campaigns, described this recent brawl over trying to tie the defunding of obamaed care to shutting down the u. S. Government, he described it by recalling the words of a longago candidate
Car, your taxes, the whole thing. The next big headline for market baby jobs friday. Where is the job creation coming from in this economy. Ad space is just about gone, apparently, for this years super bowl. You will not believe some of the money that companies are throwing around this year. Welcome, everybody. We have to start with the markets. At the top of the hour, we go to the New York Stock Exchange. Nicole we are seeing the markets with thing this morning. We have seen all the major averages over a 2 gain. A stellar day on wall street with the Dow Jones Industrials of 245 points. I just checked a moment ago. All 30 name remained in the green. Hewlettpackard really got beat up last year. It is a top performer today. Bank of america out which was up over 100 last year moved to a 52 week high. Gains across the board. Connell thank you. We will talk about the fiscal cliff deal in a few minutes. What does it really mean for you. What is in this thing for, peter barnes will be on it a