CNNW The Situation Room December 8, 2012
Im wolf blitzer. Youre in the situation room. We begin with the looming tax hikes. All of us are facing a little over three weeks. Those increases coupled with spending cuts in vital programs including defense, health care and Housing Assistance are being called the fiscal cliff. The only way to i void it is for president obama and congress to make a deal, cutting spending and raising revenue. Adding to the sense of urgency. News that 350,000 people simply gave up looking for work in the month of november. And while that drove the Unemployment Rate down to 7. 7 , the fiscal cuts and tax hikes ...