CNNW The Situation Room December 1, 2012
The world. Im wolf blitzer and youre in the situation room. We begin with huge confrontations shaping up between president obama and republicans involving the most important decisions the president needs to make in his second term. Were now a month away from the so called fiscal cliff. A drastic combination of mandatory spending cuts and tax hikes that could plunge the United States back into a recession. While there are plenty of hard w0rds from both sides, some terms of a possible zeal are making the rounds. Kate bolduan has been following the back and fourth. Dont get too excited about that...