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Now that president obama has won reelection, the debate in washington has shifted from whether we should raise taxes to how and by how much. This makes sense. With a deficit over a trillion dollars, we will need a combination of increased tax revenues and spending cuts. The president and his allies including robert rubin have made the case that eliminating deductions simply will not get you enough money. You will actually have to raise tax rates. Thats probably true as well. But lets not give up...

Deadline. This is the scene right now in gaza city. Its remarkable. For the first time in days people are out in the streets. They are celebrating. Traffic is bumpertobumper. Everyone, everyone appears to be in celebration. People waving flags and firing guns in the air. While our crews saw outgoing rockets and heard explosions in the hours leading up to the ceasefire deadline, theyve seen little or no military activity since then only the celebrating. [ gunfire ] secretary of state Hillary Clin...

Joining me is pentagon correspondent Barbara Starr and intelligence correspondent suzanne kelly. Welcome to you both. Barbara, this is really fascinating me. So general petraeus who has been at the center of this huge scandal tomorrow morning will testify at a congressional hearing about benghazi, and your information from a very good source, i think is really, really significant. Its basically, i have been listening to you for the last couple of hours, petraeus basically says he knew the moment...

Ground in gaza city, richard plight again is in ashkelon in israel, Jessica Yellin is live in cambodia where secretary clinton has departed heading for the middle east. We begin with christiane. Welcome. Give us a sense of this new announcement from israel. How long do you think israel is waiting to silt on this halt before it would move forward with sending Ground Troops in . Well, what was reported was that a senior Government Official in the loop close to the talks has confirmed to me this mo...

Secretary clinton sits down with Palestinian Authority president Mahmoud Abbas and with egyptian president Mohammed Morsi tomorrow. I want to bring in cnns wolf blitzer, who is live for us in jerusalem tonight, and Anderson Cooper and ben wedeman, both in gaza city. Wolf, let me start with you if i may. A very tense day with claim and counterclaim coming almost on an hourly basis. There was going to be a ceasefire, then no ceasefire. Both sides trading sort of insults and then offering fig leave...

Connection to stop the carnage. I want to begin our coverage here of the very fragile truce with arwa damon live with us this morning in gaza city. Arwa, i think i hear horns honking. Is the celebration there continuing where you are . Reporter it is. Although the crowds have tapered off a little bit. But it is pretty incredible when you look at the street down below us and compare it to what the situation was like 24 hours ago, when you would hardly see a Single Person outside and most of the s...

Giving them misinformation. At this point, what kind of military action might the United States be considering right now . When the president of the United States goes out there and makes a strong Statement Like he did today. Thats commitment. You have to follow up it and do something. Theyre going to watch there carefully. When they see this move, they have to determine rapidly, what are assads intentions. Theyre not sure about that right now. Get other countries in the region, involved. Dont f...

A truce or cease fire. Latest sign is a statement made by egyptian president Mohamed Morsi, according to state tv. He said that, quote, israeli gra aggression would end on tuesday. That, of course, is today. Thats consistent with similar statements weve heard from other officials late last night. We spoke with a senior egyptian official and he told us hes optimistic that in the next 24 hours there would be a cease fire. Hamas officials are being even more specific. Senior hamas official telling ...

Defense Department Reveal traditional islamic procedures were followed but none of the officers aboard watched the burial. And here is proof drug smugglers will try anything. Australian police discovered roughly quarter of a billion dollars of drugs stashed inside a steam roller shipped in from china and busted a u. S. Citizen and a canadian. Im gary tuchman in atlanta. Happy thanksgiving to all of you. Next, cnn presents. Tonight on cnn presents. Toxic schools. That was a building that was stor...

Good evening, everyone, im erin burnett. Outfront tonight, under attack. Day six of the conflict between israel and gaza. Is there an end in sight . Tonight, thousands of israeli troops are poised at the border, ready to move at gaza. Negotiations speer headed by egypt are ongoing, and tonight the United Nations secretarygeneral ban kimoon arrived in cairo, just hours after egypts intelligence chief gave an israeli delegation a letter from hamas outlining its conditions for a ceasefire. So far o...