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And a series of more explosions. It turns out this was a number of government buildings that is what is said to have been hit. Its not clear if those are secondary explosions or if those are multiple rockets going into the building. Then started pointing out, it was not over. At that point you can hear the sound. Lets listen in now. Whoa. Thats just the sound in the tail end of it. We didnt think we were on the air during all this time, which is why we werent recording sound. You heard how loud the blasts were at the end. Consider how loud the blasts were even earlier when we werent recording ...

Its difficult for all parties, but its not over and the best choice for all of us is to stop shooting. Youll hear more from that exclusive interview in a moment. We begin with cnns arwa damon live in gaza city. Arwa, i had a fascinating conversation with president peres earlier. Hes still saying that it could go either way but what is your sense on the ground about the likely prospects of a ceasefire and how long will the israelis give it before committing to a possible ground offensive . Reporter the likelihood of a ceasefire seems to be increasingly elusive the longer this does drag on, and ...

Now that president obama has won reelection, the debate in washington has shifted from whether we should raise taxes to how and by how much. This makes sense. With a deficit over a trillion dollars, we will need a combination of increased tax revenues and spending cuts. The president and his allies including robert rubin have made the case that eliminating deductions simply will not get you enough money. You will actually have to raise tax rates. Thats probably true as well. But lets not give up entirely on the issue of deductions and all those other hidden subsidies that the simpsonbowles rep...

Until the end of this. But a very loud blast, as you see right there, basically all of us ducked down in the office. We thought that was the end of it. Neal, our cameraman, panned over and then a series of more explosions. Turns out this was a number of government buildings that is what is said to have been hit. Its not clear if those are secondary explosions or if those are multiple rockets going into the building. I then started pointing out it was not over at that point. You cant hear the sound but lets listen in now. [ explosions ] thats just the sound, the tail end of it, the last few sec...

Deadline. This is the scene right now in gaza city. Its remarkable. For the first time in days people are out in the streets. They are celebrating. Traffic is bumpertobumper. Everyone, everyone appears to be in celebration. People waving flags and firing guns in the air. While our crews saw outgoing rockets and heard explosions in the hours leading up to the ceasefire deadline, theyve seen little or no military activity since then only the celebrating. [ gunfire ] secretary of state Hillary Clinton and egypts foreign minister announced the deal in cairo after the secretary spent the day in int...