ali velshi has some thoughts.nt obama says he won't negotiate any spending cuts with a gun held up to the head of the american people. from the cnn money newsroom, in new york, i'm ali velshi. this is your money. apple gets a bite taken out of its stock. toyota and gm are neck and neck again. first gold and now oil. california will be a prospector's dream again. and stocks are up, but should they be? first, president obama spoke with reporters today emphasizing his position that the debt ceiling is not a license to spend more. it is about paying bills that congress has already agreed to. he likened it to stiffing the waiter at a nice restaurant after gorging on a meal. >> you don't go out to dinner, and then, you know, eat all you want, and then leave without paying the check. and if you do, you're breaking the law. >> u.s. hit the debt ceiling on december 31st. the treasury is using so-called extraordinary measures to put off any default on its obligations, probably until about the middle of february. by then, co

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i am ali velshi. >> i am christine romans. >> and quite a lot to talk about.hrough this morning, the senate passed a plan to fend off the fiscal cliff. but now it's up to the house of representatives to follow suit. just after 2:00 eastern time this morning, the senate overwhelmingly passed a plan that was crafted by the vice president and the senate minority leader, mitch mcconnell. vote? 89-8. the republican controlled house left well before midnight last night, so they will are to take up the measure today. >> i said all along, the most important priority was to protect middle class families. this legislation does that. >> this suhouldn't be the model for how we do things around here, but i think we've done some good for the country. >> bush era tax cuts extend for individuals earning less than 400,000 a year, and couples earning less than 450,000. ha means if you make more than that, your taxes going up. unemployment benefits extended for a year for 2 million americans and a permanent adjustment to the alternative minimum tax. a big deal for a lot of peopl

. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right.s. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just hours ago, there is now a deal in place that could cushion that blow. here's what happened while you were sleeping. or sipping champagne or doing something else. on eleventh hour agreement crafted by vice president joe biden and mitch mcconnell in the senate has been passed by the senate by a margin of 89-8. that vote just took place a couple hours ago. now, it's up to the republican-controlled house to take up that plan later this morning, and that is where it gets very interesting. if the house approves, and it's a big if, the deal would generate an estimated $600 billion in new revenues over the next ten years. here are some more of the details. under the plan, bush-era tax cuts remain in place for individuals earning l

i'm ali velshi, this is your money. debt ceilings, budgets and debt ceilings are all you're going to here coming out of washington the next few months and the partisan warfare in washington could put a dent in recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st. but like last time. the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money to pay the government's bills without going to congress to get approval every single time. it has nothing to do with spending control or debt control. let me be clear, you might think it's about spending control. you might like

much inspiration and the lovely and talented margaret who haver and chief business kor spoon dent ali velshii want to start with you, ali. i just have to laugh with this because otherwise i will cry. i'm just so tired of this. we are all tired of it. and yet you say we've got valentine's debt ceilings, st. patrick's day something questions sister and then the buck jet deal after that. is there any reason to believe it's going to be different? >> the only good thing is that everybody's engaged. americans know more about their economic issues and budgetaryd. they want to get something done. the biggest problem is there is a lot of misinformation about what is going on. margaret is not happy that i've been saying this. the gop needs to learn the difference between a debt and debt ceiling. it was put in there so the treasury didn't have to keep issuing bonds. most other countries when they issue legislation that has mo y money, it is spent. it's meant to give treasury enough room to issue bonds so they didn't have to keep doing it. using the debt ceiling and the ability to pay our bills for thin

ali velshi is there. ng about banking regulation, ali. >> christine, you know, you've been here. highest city in switzerland. the air is thin and people say something that they might not say in less formal settings. the ceo of jpmorgan, outspoken in defense of the banking sector. he said on a banking panel, everybody needs to back off the banks a little bit. they are not evil. we do a lot of good. he made a specific reference to the fact that big banks like jpmorgan fund the federal deposit insurance corporation, the fdic, saves banks and depositors when small banks go under and took issue with critics that say the banking system is opaque. not transparent. listen to what he said. >> businesses can be opaque, they are complex. you don't know how aircraft engines work either, okay. there will be a financial services business. loans equity, capital markets, mortgages, all those things will be required. >> so he's painting a picture of how they are complex businesses. richard quest and i, the aircraft engine

i'm ali velshi. we're not done. the "cnn newsroom" continues in just a moment with my good friend brooke baldwin. >>> it is supposed to be the future of air travel, yet another major problem with the dreamliner jet is raising eyebrows all around the world. i'm brooke baldwin. the news is now. >>> you bailed them out. now aig execs are thinking about suing their savior. >>> a man wins the lottery, and a month later, he's dead of cyanide poisoning. we're on the case. >>> and as joe biden huddles behind closed doors on the issue of gun control, gabby giffords and michael bloomberg begin their fight against the nra. >>> good to be with you here on this tuesday. i'm brooke baldwin. and i want to begin with the plane boeing says will define the future of the air travel. but for the last month or so, if you've been following this with us, the 787 dreamliner has made most of its headlines really for all these mechanical problems. here is just the latest, just a couple of hours ago, this japan airline, 787, was preparing to

ali velshi takes over our coverage next. xx >>> breaking news, i'm ali velshi in for erin burnett. the house has passed the deal, largely on party lines. in the end house lawmakers agreed to vote on the bill exactly as written. now, here is some of what is in that proposal. tax rates stay the same for couples making less than $450,000. a cap on itemized deductions for married couples making more than 3d $300,000, a one-year extension on unemployment insurance, anne crease in estate tax from 35% to 40%, and the alternative minimum tax would be permanently adjusted for inflation. there are some big items the bill doesn't address. there is no mention of the debt ceiling, the government's $16.4 trillion borrowing limit which was reached yesterday and the bell does kick the can for about two months, the automatic sequester, which are set to take effect tomorrow. joining me now, dana bash. tell us what happened and what some of the more interesting votes have been. >> reporter: just moments ago we got the final vote. it was 257 yes and 167 no. this happened with a majority of democrats s

ali velshi got his hands on the new blackberry 10 and been test driving it for a week.s is what he thinks. >> no buttons may not be news to you but big news for blackberry users, many of whom won't know what to make of the z-10. canada's research in motion is counting on this virtual phone to allow it to live to fight another day. after a year long delay and years of neglecting the onslaught by apple and android based phones, they unveiled the new operating system and the first phone to run it. as a longtime blackberry user and hard keyboard lover, i've been evaluating the new phone in real world conditions. i'm a heavy user and a champion thumb typist. being new to the virtual keyboard world, my e-mail output has been cut in half while i got used to it. the company says the keyboard is easier to use and more intuitive than its virtual competitors. >> select it by flicking it. >> reporter: the keyboard grabs words from your device and names from your contacts and predicts in a very customized way what you're likely to type allowing you to compose entire sentences just b

>> ali velshi, thanks so much. deborah feyerick is here with the "360" bulletin. >> the one and only suspect held in connection with the u.s. attack on the consulate in libya on september 11th has been freed by tunisian authorities. still, he remains a suspect. four americans were killed in the attack, including u.s. ambassador, chris stevens. a lawyer for three of the five men charged with the deadly gang rape and beating of a 23-year-old woman in india says he is telling his clients to plead not guilty. since her death, there have been angry protests over the country's treatment of women and its handling of sex abuse cases. >>> in jordan, a muddy mess for syrian refugees. heavy rains have pounded the camp that holds at least 45,000 displaced people. and u.n. officials say the cold weather is making life miserable. >>> here at home, 2012 was the hottest year on record for the lower 48. according to noaa, the average temperature was 55.3 degrees fahrenheit, more than 3 degrees warmer than average and 1 degree above

much inspiration and the lovely and talented margaret who hoover and chief business correspondent ali velshiis also lovely and talented. i want to start with you, ali. i just have to laugh with this because otherwise i will cry. i'm just so tired of this. i know that people in the media are not the only ones that are tired of it. we are all tired of it. and yet you say we've got valentine's debt ceilings, st. patrick's day something -- sequester and then the budget deal after that. is there any reason to believe it's going to be different? >> the only good thing is that everybody's engaged. americans know more about their economic issues and budgetary issues than we have in a long time and i think congress seems to be getting the message, don't worry about the media, worry about your constituents who are actually mad. they want to get something done. the biggest problem is there is a lot of misinformation about what is going on. margaret is not happy that i've been saying this. the gop needs to learn the difference between a debt and debt ceiling. it was put in there so the treasury didn't h

let's bring in cnn's ali velshi. what a difference a few hours makes. it now looks like the senate-passed version will pass the house. the president will sign it into law. the fiscal cliff will be history. >> things have turned upside down about four times in the last 24 hours. 24 hours ago you and i were talking about how we have faith in humanity, then everything turned upside down. i'm keeping an eye on international markets. u.s. markets will open 24 hours from now. but asian markets are open. tokyo won't open. it has a holiday. but we see trading in hong kong and seoul open. they're both up a little bit because everybody is doing what we're doing. they think this seems hopeful. if markets had opened six hours ago, they'd probably be down thinking now what's going to happen? but now it looks hopeful that the u.s. will not go over the fiscal cliff if everything you heard from dana and jessica come to pass. for the moment international markets are cautious, they are trading just marginally higher, nobody's all too worried just yet. and they have eight

>>> i'm ali velshi and this is "your money." including david cameron, angela merkel, even the president of iceland have spoken here this week. but you're in north america so let me focus on the political brinksmanship that threatens your economic futur

. >> i'm ali velshi in new york. as the clock strikes midnight, the ball drops and the confetti falls, this country will be facing a dangerous combination of tax hikes for all americans and across the board spending cuts. >> but there is a deal in sight. democratic and republican sources insisting the senate hopes to vote on a final bill before midnight tonight. here's what some of the plan will likely look like. among other things, an increase in the tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax rate, but the house of representatives has already gone home. and that means regardless of what the senate does, we will technically go over the fiscal cliff at midnight eastern time. let's get straight to our senior congressional correspondent, dana bash. she's following all of this. what's the very latest? >> it may look like there's a lot of action going on here in the halls of congress, but they're all people like you and me. they're all reporters w

>>> i'm ali velshi and this is "your money." world leaders including david cameron, angela merkel, even the president of iceland have spoken here this week. but you're in north america so let me focus on the political brinksmanship that threatens your economic future. congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carro

ali velshi, give us your take on what's going on. we're watching this being made, if you will. >> it's a principled win for a lot of parties as opposed to a mathematical win. we're going to take care of the dock fix, the cut that doctors who take medicare will take. that's a serious one because while we have been characterizing that as doctors taking a smaller paycheck, in that case, it wouldn't be the case. it would be doctors removing themselves from medicare which would create a shortage of doctors. we're also looking at the estate tax. this is what jessica brought up. having a $5 million exemption. your first $5 million is exemp from taxation if you give that to your descendants. that's a big number. that's pretty good. that's a win for the democrats. but $5 million exempt is a bigger win, i think, for republicans. that will be index to inflation. nat number, that $5 million will go up by the rate of inflation every year. the sequester, the two months paid for buy-down, that's complicated. that just means this conversation is goi

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cnn's ali velshi joins me now. when i heard this, i was really kind of stunned about this. you make of this? >> it's truly amazing. you remember you and i talking four years and three months ago about this bailout and how mad people were. and one of the things the government had to do, because there was a real mob mentality out there, was suggest that the interest rate on this loan was high enough so that it would actually compel aig to want to pay it back quickly and send the message out here you that don't get free money for behaving the irresponsible way that aig did. so here's what happened. a bunch of shareholders filed a lawsuit last -- in 2011, actually. a group led by the former ceo, hank greenberg, who really built this company up. this feel that the terms of this deal -- hank greenberg was not involved when the deal was made. they feel that the terms were too onerous, as you said. the government took too much ownership, the interest rates were too high and it cost too much. now the board of aig has a responsibility to say, let's evaluate this lawsuit, they'll give

. >> and i'm ali velshi. the fiscal cliff edition of "starting point" begins right now. >> our "starting point" this morning is breaking news. the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means

want to bring in our chief business correspondent, ali velshi.ith one of the most pressing issues -- raising the nation's debt ceiling. that's going to be a huge debate. >> yeah. >> and lew if confirmed will have a major role in that. >> yeah. and i agree with gloria. i don't think there's going to be a big confirmation battle. you have to really not like the treasury secretary to not confirm him. here's the thing, compare it to four years ago when tim geithner came in. geithner had been in the room prior to becoming treasury secretary when he was head of the new york federal reserve. they made the decision to let lehman brothers fail. he walked into a banking and a central bank global financial crisis, and he was a guy who had no learning curve. same thing here. we don't have a banking crisis, we don't have a central banking and financial crisis. we've got a budget crisis in washington. jack lew is steeped in the budget. he takes over from tim geithner right in the middle of this debt ceiling debate which will be followed immediately by the sequ

and these militias are controlled by the government you see the fault spread from ali velshi area elsewhere is a sales part of shortsightedness that we've seen some of the other politicians in washington. in just a few minutes on the bag with the headlines here on r.t. to stay with us. it's. the first baby steps i join. folds and bones are not a big deal. but they can cause terrible trauma. for children can be broken by bare touch. and only the will of life can make old pain and sores way. fragile people on r.t. . length. and length. i. mean speak your language cut cut cut cut cut programs and documentaries in arabic it's all here on. reporting from the world's hotspots the v.o.i.p. interviews intriguing story for you. then try. to find out more visit our big teeth dog called. in his secret laboratory to mccurry was able to build a most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and world events why you should care watch only on the dog.

i'm ali velshi. this is your money.dy in december that despite fiscal cliff dysfunction. look for more cliffs and more overused metaphors from your elected officials. 155,000 net new jobs added in december according to new numbers released today by the labor department. the unemployment rate stayed steady at 7.8% after the labor department revised the rate up a notch. positive and otherwise sluggish job gains we have been seeing for more than two years. of the really positive signs in the latest numbers is the gains that were made in construction and manufacturing jobs. sectors that need to recover if america is going to prosper again. labor secretary told me more can be done. >> the numbers continue to show good increase in different areas and sectors that have been really hard hit, construction, as you named. we added jobs there for the first time in a long time. >> economist thinks the job outlook is good for 2013 but says it will be slow going for the first half of 2013 because of washington's dysfunction. >> each o

i'm ali velshi in for suzanne malveaux. president obama filling up his cabinet.he ladies? how his cabinet nominations lack diversity. >>> thousands of homes flooded, millions without power and more than 100 people killed. new jersey governor chris christiane the state of sandy. is he setting himself up for a 2016 presidential run? new jersey thinks so. and 3/4 of voters give him a thumbs up. two years ago today, jared lee loughner killed six people, wounded congresswoman gabby giffords, giffords speaking out about gun control. we'll hear what she has to say. >>> but first a hearing providing chilling, new detail about movie theater massacre in aurora, colorado, that left 12 people dead. day two of the preliminary hearing for suspect james holmes. casey wian's just come out of the court and joins us live from centennial, colorado. what's the latest from the hearing? >> reporter: well, what we heard, ali, just inside the courtroom a little while ago, two of the 41 911 calls placed the night of that shooting. two calls plays pi a detective made from inside the theat

i'm ali velshi. see you same time tomorrow. [ male announcer ] ahh... retirement.it back, relax, pull out the paper and...what!!?? an article that says a typical family pays $155,000 in "wall street" fees on their 401(k)s? seriously? seriously. you don't believe it? search it, "401k 155k." then go to e-trade. and roll over your old 401(k)s to a new e-trade retirement account. we have every type of retirement account. none of them charge annual fees, and all of them offer low cost investments. why? because we're not your typical wall street firm, that's why. so you keep more of your money. e-trade. less for us. more for you. >>> having a tough time writing a cover letter? guess what, this comes from a 22-year-old matthew ross, sent a brutally honest cover letter. he said, i won't waste your time inflating my credentials, throwing around exaggerated job titles or feeding a line of crap about how my past experiences and skill set align perfectly for an investment banking internship. the truth is, i have no unbelievably special skills or but i have a near perfect gpa a

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. >>> ali velshi has been at the world economic forum in davos, switzerland, this week. . today, ali spoke with tom donahue, head of the u.s. chamber of commerce, powerful big business lobby that clashed repeatedly with president obama during his first term in office. >> tom, so much has happened with you in the last few years. you have been a force to reckon with for this administration. and in fact you sort of went down some paths to not see them re-elected, they got re-elected. what is your relationship with the president and the administration going to be? >> first of all, we have nothing to do with presidential elections. we have involved ourselves in senatorial and other elections. our relationship with the white house is very broad. we have helped them on many issues. we have opposed them on issues. we're work closely with treasury and omb and others and from time to time, with people directly in the -- >> would you say it's good? >> i would say i have to deal with the white house, we have the american business community. they have to deal with us. >> you've taken

. >>> now we go it ali velshi with big news here today. hey, ali. >> have you seen one of these?t this and the two guys behind me when i come back. it is a big week for cell phones. we'll be right back. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> don't pretend like you don't know when i'm holding up to my ear. one of the first cell phones ever around, even if you hadn't used one, you've seen it in the movie. remember gordon gecko in "wall street." listen. >> i don't care where or how you get it. >> he made that idea of doing business from your cell phone famous back then. by the way, that was "wall street," the first movie. i liked this scene from "wall street,"

motor trend's 2013 truck of the year. >>> i'm ali velshi this is your money. the u.s.s credit rating downgraded again. holiday sales weren't as bad as we expected them to be, but there is a catch. and dell could be ready to go private. let's start with credit. ratings agency fitch warns that washington's dysfunction could cost the u.s. the aaa credit rating it still has with them. that is if congress doesn't come up with what it calls a credible medium term deficit reduction plan. understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider econ

that's the power of german engineering. ♪ back to you. >>> from new york, i'm ali velshi.ebates underscore is a broken process in washington. and dreamliner gets scrutiny at boeing. it is clear that uncle sam's biggest issue is his wallet. it has been years since your federal government had a real budget, there have been some political stunts to make it seem like budgets were failing in congress, bills that were put forward for up or down vote, but that is not how it works. there has never been a budget passed that way and there probably never will be because that's not how the system is designed. christine romans joins me from the cnn money newsroom. cut through the misinformation out there, set us straight. if the government was working properly, how would we get a budget? >> it is a complex process and it starts with the president. by law, the commander in chief is the one who is required to submit a budget proposal to congress before the first monday in february. since the constitution grants the power of the first note to congress, decisions are up to it. once the pro

imagine that. >>> from the cnn money newsroom in new york, i'm ali velshi.erry ten being released, the new operating system and new phone, that's tomorrow. this is rim's hail mary after losing to apple and android devices for the last five years. yahoo!'s fourth quarter results, they came out. they aren't huge, but they're a win for the new ceo, marisa mayor. formerly of google. she says yahoo! is on a multiyear march toward growth. those are her words. microsoft is releasing office as a subscription service for $100 a year. microsoft is changing the sales model for its most lucrative cash cow, partly to compete with google docs, partly to prove microsoft still has something new to offer in the office space. and here's the tech thing i didn't know we would be talking about. ipad. apple released 128 gigabyte model, double the biggest one they had so far. maybe this is a sign that they're worried about microsoft, and its new surface worried abo microsoft and its new surface computer or they are trying to steal research in motion. apple's stock is down 35% sinc

i want to go to our chif business correspondent ali velshi. why this is so critical important? >> it's important and it's misrepresented so a lot of people all the way from politicians to people's financial advisors will tell you that it's a lot like your credit him or your line of credit. it's not like either of those things, it is a uniquely american phenomenon. most government in the world understand that once you decide to pay for something, once you decide to pass a bill that requires money, you're required to pay for it. in the united states what used to happen is that if there's a deficit, the treasury would have to issue a bond to pay for every sepgal piece of law. pay for things congress has already committed to. they wouldn't have to go back every time. it was meant to make it easier for treasury. it was never meant to be a debt control or spending control mechanism, but what it is is the ability to write the checks for things that government has already spent. as a result if the government doesn't raise the debt ceiling by about february 15, the amount of money that

>> and this reminder, at the top of the hour on "your money," ali velshi looks at what's wrong with our budget process and ways to solve it. >>> after barely avoiding that fiscal cliff, what will congress and the president be able to accomplish moving forward in 2013? cnn contributor ryan lisza is the washington correspondent for the new yorker. ryan, let's talk about this cliff deal. >> good morning. >> it was limited mostly to tax issue, much of the disappointment of many people. now we face big questions on spending and another so-called crisis moment with the next debt ceiling vote. let's start with the debt ceiling. president says he's not going to negotiate. so how far will house republicans push on this vote to try to leverage spending cuts? >> i think they're going push pretty far. you know, as the conservative "wall street journal" editorialized yesterday, "the wall street journal" giving house with republicans some advice, they said don't take a hostage you aren't prepared to shoot. and i think that that's the view among a lot of republicans in the house that they're not going

ali velshi is also standing by. we'll check in with him and get his reaction when we come back. [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. just two aleve can keep pain away all day. ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. trying to find a better job can likbe frustrating.gs, so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. >>> we're back. following the president's news conference, in which he said he will not negotiate with

find me at facebook.com/ali velshi and tweet me @ali velshi. have great weekend. thanks for watching. you can catch us every saturday 1:00 p.m. eastern, sunday at 3:00, plus weekdays at 3:30. i'll see you back income new i'll see you back income new york next week. -- captions by vitac -- www.vitac.com >>> it's 2:00 p.m. on the east coast, 11:00 a.m. out west. thanks for joining us. i miguel marquez in for fredricka whitfield. here are the top stories. extreme arctic weather is making it unbearable for people in the dakotas all the way to new england. the cold is so bitter water can't flow out of this hydrant in new york. it turned rock solid as firefighters chipped away at it.in the south, icy roads blamed for this ten-car pile-up last night. the national weather service warns bitterly cold possibly deadly conditions will continue for much of the country through the weekend. >>> want to bring in meteorologist alexandre steel in the cnn weather service and in winter white. what's coming up with the weather? >> it's almost a joke miguel. earlier today we talked abo

find me at facebook.com/ali velshi and tweet me @alivelshi. have great weekend. thanks for watching. you can catch us every saturday 1:00 p.m. eastern, sunday at 3:00, plus weekdays at 3:30. have a great weekend. i'll see you back in new york i'll see you back in new york next week. -- captions by vitac -- www.vitac.com >>> it's 4 p.m. in the east, 1 p.m. on the west coast. i'm miguel marquez in for fredricka whitfield. if you are just joining us, these are the top stories in the cnn newsroom. >>> we begin with a heartbreaking tragedy in braz really. 330 people died in an early morning fire in a crowded nightclub in santa maria. college students were celebrating the end of their college break before heading back to classes on monday. fire officials say the blaze was over cap pays the when the blaze broke out at 2:00 in the morning go to cnn's rafael romo who has the latest. how did this fire start? >> reporter: there was a concert about 2:00 this morning and part of the concert involved pyrotechnics. and what firefighters are saying is part of the flames reached

tweet me, @ali velshi. >>> could the fiscal cliff have happened in another country with a different form of government? we'll see if america's system of government is to blame for the current mission mes. we were out when it happened. but adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial records, things that insurance simply can't replace. [ male announcer ] you can't predict when bad things will happen. but you can help protect yourself with the fast-alarm response of adt. we're always there for your family. with more monitoring centers, more ways to keep up with life at home. and 24/7 monitoring against burglary, fire, and high levels of carbon monoxide. starting at just over $1 a day. call now and get adt installed for just $99. isn't your family worth america's number-one security company? i wish i had adt. i'm glad we had adt. [ male announcer ] get adt installed for just $99. and ask about adt pulse, advanced home management here today. adt. always there. >>> so many people are said to me, if onl

. >>> ali velshi is still with us. know you disagree strongly with some of the comments that we heard from senator paul. >> very strongly. i want to clear up something because senator paul says others say it too. he referred to, we have more debt per capita, per person than greece does. he's not -- that's not untrue. greece is the 32nd largest economy in the world. the u.s. is the largest economy in the world. our gdp per capita is the eighth in the world. greece is the 32nd or something like that. everything we have is bigger than greece. the idea we will be like greece is just entirely incorrect. greece can't issue its own bonds, the u.s. can. the u.s. can borrow money at a rate of about 1.7% for ten years. he has a lot of points and a lot of it is just differences in ideology and belief, and that's okay, but those facts are very misleading. i hope he would stop saying that and others would stop saying that. the united states cannot be compared to greece on 99% of the levels other than the fact we're human beings and

hillary's blood clot, fiscal cliff, ali velshi is actually seizing out in the hallway right now. some oxygen. what is going on here? >> we'll be live at 10:00. >> you're a newsman or you used to be. the fiscal cliff affects my maserati how? like do i trade it in for a ghost door phantom? >> you have a adequate row. >> do i keep the ghost or go for the phantom or what do you think is the best thing? >> you have a team of accountants. >> this does affect only people who make $120,000 a year. >> for those who make 400,000 and above. your taxes will go up. >> i'll give them right to grover norquist. that guy needs more money. >> i know after the show you usually talk to your mom. and she gives a frank assessment of how things went. >> there's a political term. what are you saying about the cliff, high, low, thumbs up, thumbs down, whatever. >> that's siskel and ebert. but -- >> nice reference. and i love when you make fun of my "brady bunch" references. anyway a thumbs down for maggie. my 92-year-old alcoholic mother and there was box wine involved. she did not care for my performanc