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Economy and Politics: Fiscal Cliff #1034919

CBS Evening News for Thursday, Nov 08, 2012
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(Studio: Scott Pelley) The stock market response to the uncertainty over the "fiscal cliff," the budget cuts and tax increases that will kick in January 1 unless Congress and President Obama reach a deal, reported.

(White House: Nancy Cordes) The impasse over raising taxes on the wealthy featured; details given about the findings of a CBO report on the impact on what would happen if tax increases and spending cuts kick in. [Vice President Joe BIDEN – says we’re not going over the cliff.]

Reporter(s):
Pelley, Scott;
Cordes, Nancy
Duration:
00:02:00

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