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Transcripts For KQED Nightly Business Report 20121229

point remains finding something that can make it through the house with enough support from republicans. it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we re going to get something done before the end of the year. susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? you know susie when peopletal they are talking about a bad deal in political terms. frankly it s republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen as a good deal. susie: it seems like we are further apart than last week when president obama gave the last minute pep talk to get th

Transcripts For KQED Nightly Business Report 20121229

point remains finding something that can make it through the house with enough support from republicans. it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we re going to get something done before the end of the year. susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? you know susie when peopletal they are talking about a bad deal in political terms. frankly it s republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen as a good deal. susie: it seems like we are further apart than last week when president obama gave the last minute pep talk to get th

Transcripts For KRCB Nightly Business Report 20121229

captioning sponsored by wpbt this is n.b.r. susie: good evening everyone. i m susie gharib. fiscal cliff talks at the white house end with nal, but president obama says he s still hopeful and says we ve got to get this done. gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight s market monitor sees big opportunity on the tiny island when the embargo s lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on n.b.r. ! president obama says he s modestly optimistic a fiscal deal can be reached in time. he said he s instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold

Transcripts For WJZ CBS Evening News With Scott Pelley 20121229

meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here s darren gersh with more on the critical work that has to get done in washington this weekend. reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first but he also warned lawmakers to get their work done. the american people are not going to have patience with a self-inflicted wound on the economy. reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. reporter: but th

A stupid act's very high price: A quarter century since Albany Dems robbed NYC with their commuter tax repeal