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but taking away some of the tax deductions used by the top 2% of wage earners. the president answered, not enough revenue unless you end charitable deductions, et cetera, less rooempb equals more cuts in education, et cetera. i'm joined by gloria borger now. >> how about that et cetera? >> you like the et cetera. they got two very different proposals on the table right now. >> they're speaking past each other. they seem to be really living in different universes or one on mars, one on venus, whatever you want to call it. look, it's very clear. one of the republicans want more entitlement cuts up front. and the democrats want these tax increases on the wealthy up front. the irony here to me watching this is in the long term, the second part of this, everybody seems to know what needs to be done. they know you've got to fix entitlement spending. they know you've got to reform the tax code to make it simpler and to make it fairer. the big problem they've got is how you get from here to there. and right now, in order to get over this hump, they sort of are in the position of putting every
be disastrous for us to use the debt ceiling as a cudgel to try to win political points on capitol hill. so we're not going to do that because the justice department has formally unveiled its $1.5 billion settlement with the swiss banking giant ubs for the company's role in the manipulation of the london interbank offered rate, or libor, which provides the basis rates on trillions of dollars in transactions across the globe. on wednesday, the assistant attorney general said ubs had played a key part in the reckless attempt to manipulate rates for profit. >> the banks conduct was simply astonishing. hundreds of trillions of dollars, credit card debt, student loans, financial derivatives and other financial products worldwide, are tied to libor. which serves as the premier benchmark for short-term interest rates. in short, the global marketplace depends upon all of us relying on an accurate libor. yet ubs, like barclays before it, sought repeatedly to fix libor for its own ends. in this case, so ubs traders could maximize profit on their trading positions, and so the bank would not appear to be
you in, harris. thank you for joining us. "america live" starts right now. >> fox news extreme weather alert on the deadly storm that has caused major problems from texas to the northeast the storm is now blamed for a total of 15 deaths. whipping up tornados in the south, strong winds and rain along the atlantic coastline and dumping heavy snow from the plains to new england. the northeast getting hammered today. some areas are seeing more than a foot of snow while others deal with a heavy wind-swept rain leading to big airport delays in ohio, more than a thousand trucks are sent out, some getting heavy police escort as winds cause zero visibility. drivers say the situation is awful. >> i have seen 10 cars in an accident. i have saw a lexus fly into a ditch. i saw a semi-truck jackknife. all kinds of stuff. >> i have lost count of the number of cars i've seen in the ditch. i saw a jackknifed tractor-trailer. i saw a horse trailer that was turned over. so i think people are just not really driving slow enough for the conditions. >> pretty rough. we've seen a lot of accidents thus far in
is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the white house wants is too much. especially since boehner does not want to increase tax rate at all. he wants the revenue from the closed loopholes and limited deduction. >> put a new deal on the table but tim geithner, does he say specifically where he sees the tax rate for the top e
to fix it all and how to get america back on the path to prosperity. it's possible. watch us, we're not just on saturdays at 1:00 p.m. eastern and sundays at 3:p.m. we're on monday to friday at 3:30 p.m. eastern. a little version of "your money." everything you need to know in business every day. you can find me on facebook, tweet me, my handle @ali velshi. have an excellent weekend. >>> it is the top of the hour. welcome, everybody. you're in the "cnn newsroom." i'm deborah feyerick, in for fredricka whitfield. >> kansas city chiefs jovan belcher has committed suicide after allegedly killing his girlfriend. he allegedly shot his girlfriend multiple times at the couple's home. the paper said the two had been arguing. he then drove to a practice facility at the chiefs arrowhead stadium, woalked up to had coac and general manager, thanks them for what they had done for him, then shot himself in the head. joining us, nfl senior reporter, don banks. what do you know of this? how do you put it into perspective? >> it's a pretty unique situation in terms of nfl history. i think this is
you, guys, these are the guys behind the scenes helping us to get on the air every single morning at 5:00 a.m. . matt. he's look at his picture. they are fantastic crew and thank you for making the show possible and thanks to you, merry christmas to you. have a good one. we appreciate you watching. see you soon. >> it is monday and christmas eve everyone. are you getting into the spirit. i am gretchen carlson, thanks for sharing your time today. a merry merry christmas. americans get ready to celebrate one thing remains certain congress is far apart to avoid a deal. >> will it be a white or wet christmas? >> weather causing concerns for travelers . causing shipping delays. why one major shipping company said the gift may not show up until after the holiday. >> i am one of those people . who is the most dreaded guest of all . new survey said one family most people don't want at the christmas table. let us know your thoughts. "fox and friends" begins right now. >> this is scotty knox, you are watching "fox and friends", happy holidays, what? i am the only one? >> that's how we talk aroun
've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start there. >> it's like an etch-a-sketch. you shake it up and we start all over again. >> i'm not going to shut up. it's my turn. >> i think it's called romneysia. >> if i were to coin a term it would be obamaloney. >> the
into effect. that could take a painful toll on the u.s. economy. let's go to capitol hill. our senior congressional correspondent dana bash is standing by with the latest. dana? >> reporter: well, wolf, the vote that the speaker calls plan b is about an hour away. we're told that republican leaders at this hour are still twisting arms, republican arms to make sure that this passes. there's a weird sense here, a weird atmosphere that things are moving fast but stalled at the same time. the fiscal cliff impasse is so surreal, democrats are resorting to movie analogies, calling republicans thelma and louise. >> rather than face the reality of what lies ahead, they hit the gas. that's what we're hearing from speaker boehner now. >> reporter: don't blame us, say the republicans, it's the president. >> he's doing everything within his power to take us over the cliff and he is set on dividing us. >> reporter: adding to the sense that congress is in an alternate universe, instead of negotiating to avert the fiscal cliff, the house will vote on the gop plan b, a bill to keep tax rates in place
from washington to tell us what this all means. first off, is there anything, joe, to read in to this morning's silence coupled with friday's silence on this issue? >> honestly, nothing at all. they could still decide later in the week, quite frankly. they could decide next week. this is a thing about the court. they really don't send a lot of signals or messages to do something and we have been telling people all along that, you know, there's potential for this to come later on. they can still go in march with this. and we could still get a decision around june. so, don't read anything in to it. that said, you know the broad legal question the supreme court considers of equal protection. basically do same sex couples deserve the same rights and benefits as all other americans? we don't know if the court wants to hear the case. it could be a much narrower case about the defensive marriage act, it could be limited to considering whether couples in states where same-sex is legal and eligible for benefits and not a sweeping decision. the other parameter, of course, proposition
for watching us this morning. i'm carol costello. "cnn newsroom" continues right now with ashleigh banfield. >> thanks so much, carol. hi, everyone. i'm ashleigh banfield. it's 11:00 on the east coast. 8:00 on the west coast. how does this sound to you? >> me and my friends here, we met across the street and we smoking weed and we're on our feet and ain't handcuffed and ain't worried about the boys. i got the toys fired up. >> fired up. talk about fired up. for thousands of people in seattle and all across washington state, this day could not come soon enough. it is day one of legal recreational marijuana use. courtesy of the voters who passed a landmark referendum last month. from this day forward, if you are old enough to drink, you can consume as much as one ounce of pot in washington state but you still can't grow it and you still can't sell it. technically, you still can't buy it and you're not supposed to light up in public either. what are you all doing out there at that party? my colleague was there. he was on the not so mean streets when the law took effect. i'll be interested to f
. >> pastor rick, happy holidays. >> thank you very much. merry christmas. >> that's all for us. merry christmas. christmas. >>> from cnn world headquarters in atlanta this is "early start weekend." what do you want to tell congress about the fiscal cliff? we'll have your video messages. >>> the woman accused of pushing a man in front of a subway is now being charged with a hate crime. now she's saying why she did it. >>> wow, a plane crash caught on tape, the story. hind this dash cam video of an exact moment a jet slammed into an overpass. >>> it's sunday, december 30th, good morning, i'm allisison kos. randi kaye is off today. we're going to start this morning in washington where all eyes on capitol hill as lawmakers try to work out on a deal to avoid the fiscal cliff. the deadline is less than 48 hours away and as to whether they can get it done, the president says he's hopeful. >> i'm modestly ll lly optimis an agreement can be achieved. let's make sure that middle class families and the world economy aren't adversely impacted because people can't do their jobs. >> both houses of
state, this day could not come soon enough. it is day one of legal recreational marijuana use. courtesy of the voters who passed a landmark referendum last month. from this day forward, if you are old enough to drink, you can consume as much as one ounce of pot in washington state but you still can't grow it and you still can't sell it. technically, you still can't buy it and you're not supposed to light up in public either. what are you all doing out there at that party? my colleague was there. he was on the not so mean streets when the law took effect. i'll be interested to find out what the absentee rate is at seattle workplaces today, miguel. >> reporter: i think most people are going to work here. it's not quite as crazy as that. it's cold and rainy. puts a damper on things. there were a lot of parties across the entire state and a lot of those issues you raised will be taken care of in the near future. last night was a night for celebration for these folks. >> four, three, two, one. >> reporter: the moment recreational pot, anything less than an ounce no longer illegal in washingt
2004 to 2010. and not just football. conditions happen in the u.s. each and every year. martha: belcher is not the first nfl player to recently take his life. junior say oh and dave diewr on both died of self-inflicted gunshot wounds. we'll talk to jim coming up in the next hour. >> 6 minutes past the hour. former president george herbert walker bush waking up in a houston hospital. said to be in stable condition being treated for a bronchitis-related cough. he's 91 years old. he has been visited by several of his children including former president george w. bush. hopefully he will be going home very soon. martha: there are around the clock demonstrations in egypt as president morsi and the muslim brotherhood push through a hard-line islamist constitution. morsi supporters blocked them from entering the courthouse in order to give a ruling on this constitution. steve harrigan joins us from there. where do we stand now with this constitutional court having no ability to rule at this point? >> reporter: the most unusual situation in cairo where you have egypt's top court whose judges now
much. >> that's it for us tonight. it's been an extraordinary year. thank you for watching. >>> tonight the biggest names in politics. >> word peace is something almost become fashion. >> headline makers. >> if the president didn't know what happened, he sure as hell should have. >> candidates. >> i was the perfect candidate for america. >> what if mitt romney isn't the best person? >> the idea that somehow making a business profitable is different than helping people. >> it's ridiculous for people to purchase a gun. >> did you get up this morning and have a quick -- >> i probably did, i probably did. >> "piers morgan tonight: the newsmakers" starts now. >>> good evening. one of the great things about my job is that every night i get to sit down with movers and shakers, the men and women at the center of the biggest stories of the year. what do they have in common? they're all utterly fascinating. tonight you'll hear from some of my favorite guests. we'll begin with the big man himself, governor chris christie. he found himself in a bit of hot water for making nice with president obama
. explain what is going on there. are people camped out and are they using loudspeakers to make their point? what are they doing? >> reporter: of the two competing protestors these are the people in tahrir square who are angry with mohammed morsi. they set up loud speakers and tents and they say they intend to stay here until they can drive him out of power. it's hard to see what kind of leverage they have. it's hard to see whether they will be able to maintain the momentum. we saw a peak of 200,000 people last tuesday but it's been a steady decline now just few thousand behind me. >> gregg: steve, thanks. >> heather: israel announcing it is withholding hundred million dollars to the palestinian thovtd after successful palestinian bid for non-member observer state status at the united nations. david lee miller has the latest. >> israel says it is withholding the hundred million dollars because the palestinian authority owes israel state electrical company some $200 million. israel collected this money on behalf of the palestinian authority for taxes and customs duty. palestinian authority b
the first responders or police. we don't know that either. authorities do tell us they have taken into custody some people they think have knowledge of the situation, so they're trying to figure out how this bizarre scenario unfolded, if this was a trap. the police chief did say in the press conference that of course there will be questions about whether or not an assault rifle was used. he said at this point he does not know and he doesn't know if it was one gun or multiple guns. this is still very much developing, but a tragedy on christmas eve. >> absolutely. thanks, poppy harlow in new york. just as i said, i realize knowing so little, we didn't know if it was a man or a woman. we'll continue to follow that. >>> to texas, two people have died after a car chase ended in a shootout. the pursuit started after a bel air texas police officer tried to pull over a driver who refused to stop. the chase ended up in an auto parts business parking lot where police say the driver shot and killed the officer. and also a bystander. the driver is listed in critical condition at the hospital.
, but the regime surrounded it completely cutting us off from the world, nothing was allowed in and out. even water and bread was cut off. today we obtained dough. >> reporter: they were able to open a bakery around 1:00 p.m., and the rockets struck just hours later. as nearby hospitals quickly filled up, activists began pleading for help. >> we are joined by the reporter from beirut. this looks crazy. it looks crazy to me. do we know who is responsible for this? >> reporter: suzanne, it is absolutely horrific, and just so many grizzly details started to emerge in the hours after the attack. now, the residents in that town that we spoke with said that they believed they were targeted because that town had been liberated by the free syrian army because there's a lot of anti-regime sentiment there. they believe they were targeted deliberately by the syrian regime. syria's government, however, today posted a statement on their syrian news agency website in which they blamed this on the actions of terrorists. that's the terminology they use for rebel fighters, opposition fighters in syria. they say tha

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