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Transcripts For CNBC Closing Bell With Maria Bartiromo 20121228

Now. And welcome back, everybody, to the closing bell. Im mandy drew i sitting in for maria bartiromo. Lots of drama in washington. Congressional leaders have arrived at white house. They arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. They are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. But reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. Settling up right now. Down what, about 165 at the very low, bill . I think so, yes. And the nasdaq finishing down 25 points and the s p off by 15, a fifth straight day in the red. Well, it is the last friday of 2012. Its in the books. Check. Still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago ....

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