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he is a star witness in a terrible story. so when he spoke today in court, his words carried great weight. mike mcqueary says he witnessed a terrible thing while he was assistant football coach at penn state, back before the name penn state became synonymous with this unfolding sex scandal and the former defensive coordinator ger gerry jerry sandusky. the testimony is key to the case against two former penn state officials, senior v.p. gary schultz and athletic director tim curley who denied charges they lied to authorities. again tonight fair warning, this is tough material. the who...

"nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. one of the most sweeping fraud cases brought in the wake of the subprime mortgage collapse was filed today in washington. the securities and exchange commission charged six former fannie mae c.e.o. daniel mudd and freddie mac c.e.o. richard syron the collapse of fannie mae and freddie mac is projected to cost taxpayers $124 billion. are fighting the charges, which syron's attorney calls quote, "fatally flawed." >> reporter: s.e.c. lawyers say, around the time the housing bubb...

to pass an extension. now, if it gets extended, the average american will save about $1,000 in taxes next year, senate r.s and ds have been meeting right now. and john thune of south dakota stepped out a moment ago. we're hoping for some good news. what can you tell us? >> right, it's a two-month extension, erin. it has unemployment insurance, it has the payroll tax cut extension, and what we call the doc fix, which deals with physician reimbursements under medicare. and then it also has the keystone pipeline language that was in the house, also in this particular senate bill. so i f...

in the arizona daily star, senate leaders also agreed to extend jobless benefits. vote set for today. the senate is expected in that 9:00 a.m. this morning to vote on a tax cut extension and that is what we will be talking about for the first 45 minutes of this edition of the "washington journal." good morning. today is saturday, december 17. they will be voting on a tax-cut deal today. if you want to get involved in the conversation regarding that vote, give us a call. the numbers are on the screen. if you're calling from outside the u.s. this morning, and electronically, a couple o...

business involved minimal and manageable credit risk. >> susie: meanwhile, from the mall to the web, america's gearing up for a busy weekend of holiday shopping. but one thing they weren't buying: shares of zynga-- the much anticipated i.p.o. from company that makes the popular game "farmville." >> well, clearly there's a bit of disappointment that we saw it come out to the market at the top of its range at $10 per share and be unable to defend that price across the day. >> susie: it's "nightly business report" for friday, december 16. this is "nightly business report" with susie gha...