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unwashington. the reason, a tax cut america might be about to lose. over the past year you have probably had $1,000 extra. thanks to the payroll tax cut. you will save at least that much next year, if democrats and republicans extend it. two bills are up for vote to do just that. the democrat bill taxes millionaires to pay for the extension. the republican one freezes federal pay and cuts millionaires off from some benefits like unemployment. both bills will likely fail. because surprise, surprise, the parties haven't compromised. now congress has 30 days to pass the payroll tax exte...

that it is on the right track. merkel reaffirmed her confidence. we expect to hear from president obama about the drop in the jobless rate just minutes from now. the president is also going to be outlining a plan to upgrade buildings, make them more energy efficient. the administration says it will create tens of thousands of construction jobs. the president speaking about 11:10 eastern. we'll take you there live. senators trying to figure out a compromise today to extend the payroll tax cut in 2012. here's what happened. a senate blocked both democratic and republican plans last...

the new york stock exchange. the unemployment dropping below the 9% to 8.6 mark. how is the stock market taking it? >> it's taking a breather at this point. the rally has fizzled out because investors had a look at the report. they got a look at what is just behind the headlines. what it showed is that 120,000 jobs were added in november with september and october numbers revised higher by a total of 72,000. sure, the pickup in hiring. it's a good sign. but it's still not great. the country is barely creating enough jobs to keep up with population growth and 13 million people are sti...

we were talking about this yesterday. today it seems to have gotten a little worse in material of the damage that has manifested itself. the santa ana winds, unreal. >> really bad. even into utah. the intermountain west, the great basin from centreville, had a wind gust in utah. 102 miles per hour. they said in some places, almost every house has some type of damage from the wind that occurred yesterday. then the wind went down across into vegas. made a bunch of dust. then right through the l.a. basin. wind gusts now, even 72 miles an hour. >> we started getting those tweets from rya...

he told espn the abuse started in 1994 when he was 12 and continued for more than a decade. he waited until 2002 to phone syracuse city police who told him they couldn't pursue charges because the statute of limitations had expired. the city's police chief admits they could have done a better job. he said that in 2002 that the procedures which are in effect today were not in effect back then, the procedures that would mean an allegation would be logged into a computer database. back then they did next to nothing. not only did they not pursue charges. they never started an investigati...