Search the Archive

Economy: Federal Budget / Fiscal Cliff #1034246

CBS Evening News for Monday, Nov 26, 2012
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 fiscal cliff tax increases looming in 5 weeks unless President Obama and Congress agree on how to fix the budget cited.

(Capitol: Nancy Cordes) The budget negotiations reviewed; details given about the talks between President Obama and Speaker of the House John Boehner and moves by prominent Republicans toward a tax revenue increase; photos shown of the Senate’s Gang of Eight, who are working on a bipartisan approach to debt reduction. [Senator Mitch McCONNELL – calls for Obama to lead his party to do what’s needed.] [Senator Saxby CHAMBLISS†- says we’ve got to get the economy going again.] [Senator Mark WARNER†- notes the math for entitlements, including Medicare and Social Security, doesn’t work anymore.] The no-tax pledge created by Grover Norquist†† mentioned.

(Studio: Scott Pelley; White House: Major Garrett) Obama’s request for Treasury Secretary Timothy Geithner to lead negotiations with Congressional Republicans with involvement from White House chief of staff Jack Lew† and the White House unwillingness to negotiate on Social Security discussed.

Pelley, Scott;
Cordes, Nancy;
Garrett, Major

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.