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Detailed text transcripts for TV channel - MSNBC - 20121213:10:03:00

Why are the markets volatile. reporter: now this is interesting. we re looking this morning at a new analysis from the nga, the national governor s association. they say on average states will lose about 7% of their federal grants if we go over the cliff. but that some states will actually bring in more tax revenue to compensate. other states will bring in less. that is interesting. all right. thanks so much. syria is reportedly escalating the conflict with opposition forces by firing scud missiles at rebels. u.s. officials say more than half dozen scud missiles were fired into northern syria and areas held about it rebels have suffered severe damage recently. there s no evidence that the missiles contain chemical weapons, though. meanwhile, the president of ecuador denied yesterday that syrian leader assad has requested asylum there. john mcafee is back on u.s. soil after being deported from guatemala on immigration ....

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