Search the Archive

Budget: Supercommittee #1007929

CBS Evening News for Monday, Nov 21, 2011
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Scott Pelley) The failure of the 12-member Congressional supercommittee set up to deal with the federal deficit introduced.

(Washington: Nancy Cordes) The negotiations that went nowhere because of the fight over taxes examined; details given about the creation of the committee to cut 1.2 trillion from the debt and the resulting triggering of across-the-board cuts. [Senator John KERRY - says the wealthiest should not get another tax cut.] [Budget expert Maya MacGuNEAS††- says it is a sad moment.]

(Studio: Scott Pelley) The view of President Obama on the mandatory cuts introduced. [OBAMA - promise to veto attempts to eliminate the mandates.]

(Studio: Scott Pelley) The financial fallout of the committee failure on the stock market noted.

(Studio: Anthony Mason) What happens if the payroll tax cut is not extended and unemployment benefits expire outlined and how these actions could cut our GDP discussed.

Reporter(s):
Pelley, Scott;
Cordes, Nancy;
Mason, Anthony
Duration:
00:05:40

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.