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♪ hello, there. it's not quite 2012 yet. we still have some news to get to before the new year. i'm hala garani in washington. kyra phillips has the day off and we begin with the latest out of the united states in terms of politics this morning. let's get you straight to iowa and expecting any minute now, by the way, the new jersey governor chris christie will join mitt romney in iowa. christie is a rising star and many republicans wanted in this presidential race. he endorsed romney back in october and this will be their first joint appearance since then. just four days before t...

>> i'm erin burnett. outfront tonight, count down. >> nothing is all right until we decide it is. was it over when the germans bombed pearl harbor? hell no. and it ain't over now. when the going gets tough, the tough get going. who's with me? let's go. >> we're with you. that was john belushi inspiring the troops in animal house. and that's the kind of inspirational message our super committee needs to get the job done. they have five days to make a deal. now, if you think that's not a lot of time, consider this. any proposal must be made public 48 hours before the deadline. so the p...

points. that continues to fluctuate. coming up in a couple of minutes. i'll speak live with the man who ran the government's bank bailout a couple of years ago. by the way, he agrees with the downgrading of the u.s. credit rating. don't miss that conversation with him here. i do want to begin with this. the commander in chief of the u.s. armed forces is at dover air force base in delaware right now. president obama is attending the dignified transfer, right there, that's what the military calls the movement of war fatalities from the place they died back to american soil. those who...

the most recent cnn o.r.c. polling says 51% of americans would hold republicans responsible if the debt ceiling is not raised. just 30% would find president obama more responsible. peter moresi joins us. i have to ask you this, you are an economist, you're a well-respected economist and we have spoken together for years. do you have any evidence of what so many conservatives are saying that if we were to increase taxes at all, at all at this point in an economic cycle, that it would actually hurt our economic recovery? >> well, increasing taxes wouldn't hurt anymore than, say, cuttin...