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I was a mayor for nine years. i walked in, i saw people shot. i've looked at bodies that have been shot with these weapons. >> that was senator dianne feinstein and junior senator ted cruz of texas in a heated exchange on whether to restore assault weapons ban which was passed under former president clinton and then allowed to expire under former president george w. bush. the bill ultimately passed the senate judiciary committee 10-8 along party lines. but after all that outrage and bluster, we've learned that senate majority leader harry reid has decided to remove the assault weapons ban from...

So this is an issue where the will of the american people will be behind a reform package and in the president's heart he would like to do something big. >> you will see the president out there pushing this thing using those campaign-style events that he's become such a fan of. let's move to gun control now. i want to continue to talk about this because one of the things that continues to happen is something tragic happens and after a month or two we all move on to something else, now in regard to this, in the wake of the tragic shootings in newtown, we've seen republican lawmakers saying they...

>> why? do you think -- >> if the 99% and 1% argument always worked, we democrats would win every election. i'm not that great at math but 99 beats 1 every time. we're an aspirational society. people want to have more. middle-class americans don't believe the wealthiest should get away without paying tax or deductions and loopholes. if you offer what the president is going to offer and i look forward to them doing that this week, they should offer a broader reform package as well. the short term, do this to avoid on what steve touched on the fiscal cliff issues and let's reform this tax code i...

he is due to speak this hour, site of the 1910 address by roosevelt. you're looking at the live picture of the podium where the president will speak. the sticking point with republicans is how to pay for them. you'll hear the president live at 1:55 eastern time right here on cnn. overseas the pressure on the eu eurozone is growing, ahead of another summit, standard and porr's is threatening to down grade the credit ratings, including france and germany that now plan to call for enforcement caps on deficits. greek bonds are already junk. gop presidential front-runner mitt romney h...

Issues the credit card. they don't make interest on penalties but on the swipe fee. you go to a restaurant and the restaurant pays 3 percent to visa for the card use and the legislation that nancy pelosi pushed and supported had nothing to do with swipe fees, it does not affect visa. two other bills, one came from committee and bipartisan support never made it to the house of representatives floor because she would not bring it it was delayed for two years and the swipe fees became part of the reform package when introduced on the senate side. >>alisyn: this is hardly just nancy pelosi, we are...