getting $1.2 trillion in cuts. and those gl 1.2 trillion were going to come in an agreement by the super committee -- which failed -- or the sequester -- which guess what? they just turned off for two months. so we are right back to where we were in august of 2011. >> right. and again, just to recap, this dpeel right now, temporary deal has passed in the senate. it is due for a vote probably sometime later today in the house, where passage is not exactly clear. but either way, it is just a temporary bill that's going to put off some of these issues for a while. we did technically, go off the cliff, at midnight. but officials are pointing out that, since january 1 is a holiday, none of it was going to be implemented anyway. and if the house does vote on this today, january 1, then this deal can take effect by january 2. then we didn't actually go off the cliff. it was more like a bungee jump as one pundit put it.