Detailed text transcripts for TV channel - FOXNEWS - 20121110:11:25:00
It's not good. >> according to the cbo. if not solved, the fiscal cliff would drive the economy back in recession and result in jobless rate rise to 9.1% by 2013. economic output would drop by .a% if congress fails to act. so much at stake. how much will it take washington to reach a compromise here? james freidman is the assistant editorial page editor with the "wall street journal." good to have you here. >> now that the we would go back into a recession. do you think that gives the president added incentive to compromise? >> i don't know. i hope. so you see that speech he made on friday. mi...
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