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Shot. veterans of capitol hill, shep, say the failure of the super committee jeopardizing lawmakers ability to knock out their usual end of year items. congress still needs to approve, for example, 10 of 13 annual spending bills. there is that yuletide favorite the doc fix which shields medicare physicians huge cuts from he fees. annual patching of the alternative minimum tax to spare the middle class from a stiff tax hike. you will probably likely see some expiring tax provisions be renewed if they have to be. no one wants to raise taxes on anyone in this economy but on big spending bills, such as an omni bud it s going to be harder and harder for congress to get something like that done because they weren t able to get the super committee deal done. and then there were the tax extenders. lawmakers will try to extend tax breaks that expire at year s end including payroll tax cut included in the stimulus package, shep. shepard: why should anybody expect, james, for this to be sol ....
there is new fallout from the botched gun tracking operation known as fast and fewer yus. investigators say the fed lost track of hundreds of weapons they were supposed to be following back in mexico. police say they found some of those same guns at the crime scenes on both sides of the border. including at the murder scene of a u.s. border patrol agent brian tawr terry. dozens of republicans in congress with demanding the attorney general eric holder resign. he recently told a senate committee he would not take action on fast and furious unless and until a federal office completes its investigation which we re told could be months away. william la jeunesse is live this afternoon in los angeles. william? well, shep, the republicans began to investigate fast and furious in february when it was obvious the problem wasn t going away, attorney general holder asked its department s inspector general to investigate. essentially two investigations. one by house republicans. the other by c ....
for one thick right now the federal government faces shutdown on december 17th if a new spending deal isn t finalized by then. we re in an era of hyper polarization and hyperpartisanship. those things are making it very difficult for congress to do anything. soon we re going to be in campaign 2012 mode, which is going to make it even more difficult for members of congress to take actions. some people are probably already in campaign 2012 mode. one last issue, shep, on which lawmakers will face considerable pressure to act before new years expiring unemployment benefits for the millions of americans who are entering this holiday season without a job, shep. shepard: washington as impressive as always. james rosen, thank you. the white house is teaming up with great britain and cand to punish iran for its asuspected nuclear weapons program. they are slapping the islamic regime with new measures to limit its financial transactions and ban certain exports in an attempt to force iran ....
Apparently hurt. paramedics took him to a hospital. i m shepard smith. this is the fox report. it s the bottom of the hour. time for the top of the news. so the super committee was a bust and president obama is blaming republicans. he says they re protesting the richest americans or protecting them, i should say, from the tax cost at any cuts. republicans say democrats refuse to compromise. and so the game blame game begins. this after the bipartisan congressional panel failed to agree how to cut our federal deficit. as we have been reporting this means a series of automatic cuts are supposed to kick in unless, of course, lawmakers can invent some sort of way around that. the fallout of all of this failure goes way beyond. james rosen is in washington tonight. james, the super committee has failed if it was ever designed to succeed. but now the job of congress is tougher. and it s not done by long ....
General. they once worked together and republicans believe holder is using the ig investigation to stall congress. to stonewall us and deny us access to people who have first-hand knowledgenned the reduce that we can t do it because there is an ig investigation going on is coincidental at best and transparent would probably be a better word. history shows that ig reports can be scathing and thorough or a white watch. republicans fear snard s report will not adequately assign blame. 13 times in november holder deferred to the inspector general when asked a question by congress. democrats believe holder is blameless and did not know fast and furious was happening an assertion they believe the ig will confirm. they are thorough. they leave no stone unturned. they are hard-hitting. so i think we will have a very good and solid analysis of what went wrong in this ....