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the 12th hour. if no action were taken and the fiscal cliff were to kick in in its full size, i think it would be very likely that the economy would begin to contract. >> contract means get smaller. it means recession. and people talk a whole lot about this fiscal cliff, but sometimes, you know, it kind of blurs together. so what exactly are we talking about? to be honest, this cliff is like we're on the top of mt. everest staring down a 29,000-foot crevasse. at the end of this year the bush tax cuts will expire and tax rates will go up. if you pay 10% now, you'll pay 15%. if you pay...

crevasse. at the end of this year the bush tax cuts will expire and tax rates will go up. if you pay 10% now, you'll pay 15%. if you pay 35%, you'll pay nearly 40%. six million americans will lose unemployment insurance. and the so-called sequestration cuts, the $1.2 trillion to cuts in services and defense, they start too. if congress doesn't make a deal, the economy will go back into recession. as our economic strike team member reminded us, the debt ceiling has to pass congress on that date too. so the secret talks include some of the patriots that want to do a deal like republica...

Wildfires in new mexico. flames march over the 350 square miles of the hilla national forest it is all part of a wildfires. >> fox news and america's election headquarters. five-term congressman calling it quits. senator in michigan announced he is not going to run for office. even though there were more than enough signatures turn in. in a statement he said earlier, he couldn't cooperate with the investigation and fulfill his current dutis and run a write-in campaign. he made a long-shot bid for the republican presidential nomination and he dropped out in september. >> our nation's leaders us...

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Medicalor dr. david sumat thereto i. is with us. great to see you again. this information is well received by our viewers whampt is bph. >> it is benign or enlarged prostate. common decose . as we get older prostate. >> hang on . one second. we have to go to washington for the kagan confirmation. >> you are about to watch the swearing in of eclena kagan. the chief justice has arrived. >> we are administering the judicial oath today so she can assume her dutis and begin work right away. are you repaired to take the oath. ? >> i am. >> please raise your right hand and repeat after me.