extraordinary warning to president vladimir putin cut it out on the border of ukraine or face new economic punishment that the biden administration says goes beyond the traditional sanctions and could cripple the russian economy. you ll recall, putin inveiledded and annexes ukraine s crimea region in 2014. tonight, putin says he has no intention of attacking ukraine but is pressing for guarantees that ukraine will not join the western nato alliance. president biden has been working the phones with european leaders to form a joint strategy to deescalate or inflict significant harm on the russian economy should putin again cross the line. cbs nancy cordes leads off our coverage from the white house. good evening, nancy. reporter: good evening, norah. and in that call, president biden warned putin that the u.s. and its allies are willing to go much further than they have before, imposing serious economic consequences that would weaken the russian ruble and crucially, cut off western i
from the white house. reporter: ask about the failed program to train and equip syrian fighters, president obama told 60 minutes sunday that he never believed in the plan in the first place, despite its billion and a half price tag. this is why i ve been skeptical from the get-go about the notion that we were going to effectively create this proxy army inside of syria. reporter: but if you re so skeptical of the strategy, which already has cost taxpayers tens of millions of dollars, he certainly didn t show is in 2014. tonight i call on congress again to give us additional authorities and resources to train and equip these fires. reporter: but with fewer than a dozen fighters to show for its investment, the white house last week scrapped the program, a move ridiculed by critics, including russian president vladimir putin, saying, they should have given that money to us. we could have used it more effectively in fighting international terrorism.
Transcripts for CNN Anderson Cooper 360 20150106 02:56:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
sony releases course and will give you the interview at select theaters. and a look back at the silver linings for the terrible, horrible, almost no good year that was 2014. tonight, good news for the holidays. the kbrosz do megsic product rose 5% in the third quarter of 2014. that s the strongest groit rate since 2003. the dow jones industrial average hitting record highs today. consumer spending koblted to make solid gains.
this stage who s doing what and to what extent. it could even be the chinese. they re pretty angry at north korea for a lot of their provocations in recent years. and they may have concluded that this was this sony attack was a violation of their major objectives in northeast asia of stability and peace. bruce bennett, fran townsend. thanks to both of you. thanks very much. thanks, wolf. just ahead, we ll shift gears. something to make you smile. anderson has been asking you to vote online for your favorite ridiculist of 2014. tonight we start counting them down. your pick for number five, that s next.