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Well bring you his news conference live right here on cnn. heres the breakdown of the plan. bush-era tax cuts get extended for rich, poor, and in between, but not forever, for two years, not permanently, as republicans had wanted. federal unemployment benefits get funded through the end of next year, for 13 months, while people with jobs get a one-year, two percentage point break in the payroll tax which funds social security, going from 6.2% to 4.2%. and a big get for the gop, a break in the so...

>> greta: republican congressman flake joins us now. are you going to vote yes or no as to the proposed tax bill? >> ill be voting no. >> greta: why? >> too much spending. weve told voters we are going to get a hold on this deficit and the debt and were not. theres a lot of spending here that is not offset. im not talking about the continuing the current tax rates. im talking about unemployment benefits. im also talking about the social security cutting the payroll tax for individuals from 6.2 t...

In the meantime, everyones afraid. consumer savings up 6.2% and businesses are in a bunker, banks are in a bunker, why? because of the-- >> hold on, charles. >> no, charles, the consumers savings being up to 6% is a positive development and we went through years of a negative savings rate which was irresponsible and in the grosse pointe woods report released last week, business spending is up, capital spending on things like software is up. and thats not good for the jobs pictures. anl-- >> im s...

Okay. apparently were having some audio issues there. well get it worked out and go back to alex here momentarily. i should mention for the latest weather advisories and the forecast where you are, make sure you head to weather.com. do we have him yet? all right. a strong earthquake rocked a group of alaskans last night. the 6.2 magnitude struck 150 miles southwest of dutch harbor, a poor community near anchorage. the residents were feeling just a bit shaky. chaos at a state park in washington...

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Nuclear weapons if they got ahold of them. the president commended south africa on its decision to abandon an earlier nuclear weapons project. investigators saying there are no signs technical problems brought down the plane carrying polands president. among those killed were dozens of prominent politicians and military officers. investigators say the pilot was advised not to land because of foggy weather but that he decided to land anyway. a 6.2 earthquake rocking spain. striking 50 miles s...

President. >> singular in having nuke care weapons moved forward on it and decided this wou was not correc. dismantle it and has been a strong effective leader in the international community. >> the security summit will have its official kickoff tomorrow. 6.2 earthquake hitting spain. the epicenter was 15 miles southeast of grin in a grenada. no reports of damage or injuries. we will keep you posted on the story as more details come in. investigators looking for reasons behind the plane crash in...

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Latest updates on this topic.