children are protected to act. shannon: and while i have got you i have to ask your impression with what is playing out with the supercommittee. the deadline wednesday and report that s committee may be done, dead locked beyond repair at this point? well, that would be unfortunate. some of us have been advocates of not only hitting the $1.2 trillion mark but to actually have a much bigger $4 trillion mark and we believe that making ultimately decisions that are balanced that include spending cuts entitlement changes and revenue to that larger tune would put the path on to greater economic recovery, create confidence and help build our economy so i m still hoping that at least they will hit the $1.2 trillion cut. if not, we have the sequestration cuts and it never makes sense to cut across the board instead of to cut intelligently and to find revenue intelligently. shannon: sir, we thank you for your time. we will follow your legislative
shannon: congressional supercommittee is expected to admit failure tomorrow. the deadline was wednesday but senior aides and congressional aides say that is not likely to happen. if you flan save money by driving this thanksgiving you may want to factor this in. according to triple-a the average national price of a gallon of gas $3.40, up from just $2.87 last year. you may feel the economic impact at the table, too. according to the american farm bureau the cost of the average thanksgiving meal expected to be up 13% this year to $49 up from last year s $43. of course thanksgiving is a time for all of our favorite foods and in dull against. indulgences. trying to stay healthy during the holidays is a heftia task. joining us is kurt reid, other than of transformation training and fitness. thanks for coming back. the average thanksgiving
is elected and fox is following all the developments out of egypt for you. new details as we look at these live pictures as we get them. eric: does the political system really work anymore? that s the question right now facing washington as predictions say the congressional super committee mandated to try and address our growing deficit crisis will fail. you know, they need to find $1.2 trillion in savings but if the special 12-member bipartisan panel cannot reach a deal and if all falls through, deep spending cuts will be spread across the board and time is running out. good morning, everyone, on this sunday morning, i m eric shawn. jamie: and i m jamie colby. this is a brand new hour of america s headquarters. glad to have you here. there s word that a deadline may
they he are because they probably saved our lives. and down the hill and it was just like a fire tornado. i thought for sure this whole neighborhood was gone to be honest with you. never seen anything like it. the fire is now 80% contained. shannon: the threat of another downgrade to u.s. credit if the supercommittee doesn t come through with a deficit deal. what would it mean for you and your pocketbooks? and allen west joins to us talk about another possible supercommittee side effect. big cuts to the national defense spending. what would it mean? coming up next. sweetie i think you need a little extra fiber in your diet. carol. fiber makes me sad. oh common. and how can you talk to me about fiber
financially and a very negative reaction politically. shannon: and speaking of the financial reaction, you had mark zandi on today, a respected economist and he s worked for republicans and democrats in providing them relevant information. you asked him today about what can happen with the markets and with a possible credit downgrade. interesting because he said the markets have kind of factored in failure on the part of the super committee and he doesn t think if they announce tomorrow or wednesday we failed, particularly given the fact there s still the trillion dollars in automatic cuts, he doesn t think there s going to be a big negative. where he does think there will be is because there have been some thought that the super committee would deal with are we going to extend unemployment benefits? are we going to extend the payroll tax cut? and if you don t do that, then the economy loses a lot of stimulus at the end of the year when both of those expire and he thinks that could