and i was privy to the photographs of darren's victim. and it probably was the worst assault i'd ever seen. i was shocked that man lived. >> some day we'll talk about this and it'll make sense to both of us. right now it just doesn't fit all together, but that's okay. take care of yourself. >> you too, mr. matias. >> man, i didn't think i was going to get that heated, man. i didn't think i was going to get that heated. i almost went there. >> later, with the personal camera our producer let him use, bailey told a different story. >> things look different to me now. i'm no longer on rtu as a result of my excessive behavior, if you want to call it. i dropped the ball. i don't like it. i disappointed myself and i disappointed my supporters. and i have a lot of people that are in my corner, but because i somewhat relapsed, if you want to call it, that's kind of -- these people have been something that no one given me during the course of my incarceration. which would be a simple chance. >> indiana was the first prison to allow inmates to use

i think we can't dismiss that out of hand. >> susie: we have a few seconds left, darren. when we do have a deal, let's say we have a deal, we're all in this together. i mean it's not like any american is going to escape difficult times here. >> not at all. susie: we all share the pain, right? >> we're in for a decade of paying for things. we're going to have the baby boomers retiring. that will be expensive. we know that taxes, revenues, rates, whatever you want to call them are going up. we're going to have to reduce spending. we're in for a time of belt tightening and getting our deficit under control. it's going to last for years. >> susie: let's hope it won't be too bad, darren. thanks a lot. our washington bureau chief, darren gersh. >> tom: of course you can watch our continuing fiscal cliff coverage on the web online just click on fiscal cliff link on the home page right there at nbr. com. that's "nightly business report" for thanksgiving, thursday, november 22nd. good night, susie, and everyone. >> susie: goodnight, tom. thanks for watching, everyone. we wish all

darren gersh reports. >> reporter: it was freshman welcome day in washington. senate republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democratic ranks in the coming congress. given what awaits these new lawmakers in january, you might wonder why they want the job. it's still not clear whether a lame duck session of congress will navigate the expiring tax breaks and automatic spending cuts that make up the fiscal cliff. the president met privately with labor leaders to discuss options for the fiscal cliff. tomorrow, he will caucus with c.e.o.s from companies like wal-mart, g.e. and bank of america. it all leads up to friday when the president sits down with congressional leaders at the white house to begin the real negotiations, and both sides enter those talks claiming a mandate to protect the principals the voters endorsed at the ballot box. >> dar

darren gersh, nbr, washington. >> susie: joining us now, mitchell crusto. he's a law professor at loyola university in new orleans, and has been studying the b.p. case and the relationship between business and the environment. how important is today's set element -- settlement. >> this is the biggest story.no. we have more dollars at stake. >> in terms of how importantthil us a little more. it's a record settlement. but it does encompass quite a few different features. in addition to the felony charges there is the fec investigation and the resolution of that matter and that is a big deal. >> darren is saying it's notove. the government is bringing gross negligence charges against bp. bp is going to fight it vigorously how is that going to play out? >> it's difficult for them toave standard when they admitted to the felony charges. when it's related to the environment. it's some $20 billion this is a big story but it's an even bigger story ahead. >> there have been so many fines there a silver lining to all of this? does this make the deep water drilling sa

darren gersh, "n.b.r.," washington. >> susie: as darren mentioned, the markets took the president's comments as proof we won't be able to reach a deal and avoid the fiscal cliff, stocks on wall street tumbled: the dow fell 185 points, the nasdaq lost 37, the s&p was down 19. james awad joins us now. he's investment strategist at zephyr management. >> so, jim, what do you think investors need to hear from the president that they feel confident about investing in the markets? >> right now, there is nothing he is willing to do that would make investors comfortable. you'll notice today that the market sold off during and after his press conference because he was very aggressive in his position. and whether that's a negotiating point or not, i think what the markets fear is that we could either accidentally go over the cliff, or that all this hard posturing will set in stage a series of contractionery economic activities on the parts of businesses, in terms of not hiring, and maybe firing, and businesses shrinking rather than expanding, which will eventually find its way into consumer attitudes.

darren gersh joins us from virginia. darren. >> reporter: susie, we're here in woodbridge, virginia, which is considered a swing area in a key swing state. and it's a state that also surprised the candidates this election. after the voting here is over, you'll be hearing a lot more about the fiscal cliff, those automatic spending cuts and tax increases scheduled to take effect on january 1. you'd think the fiscal cliff would be a huge issue here. virginia depends heavily on defense spending and is facing massive cuts if congress doesn't act. but sequestration, the official word for the fiscal cliff cuts, hasn't been a campaign issue. >> they tried to play sequestration and blame it on each other, and i don't think it had any traction whatsoever. most people don't know what it is and they blame both parties for it. >> reporter: voters here are more concerned about everyday economics. >> mainly, i want change in the economy, like better prices on gas and food. i want to make sure my job is secure. >> i'm looking at my gran

but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >> reporter: in washington, they think carefully about the pictures they want to present to the public so this mattered. all four congressional leaders-- democts and republicans-- after meeting with the president chose to face the cameras together. that hardly ever happens and it reflects the new post-election mood of cooperation. house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> reporter: to republican leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. that's a challenge for democrats, but the president seemed willing to move in that direction. >> our challenge is to make sure that we are able to cooperate together, work together, fin

darren rovell, abc news, new york. >> that actually looks pretty good. thanks, darren. is all for us tonight. we're always here at abcnews.com. check out "nightline" later, and i'll see you tomorrow on "gma." if you're traveling, travel safe this holiday week. >>> a local official living the good life in bankruptcy. expenses he's racked up on taxpayer dime. >> live doppler 7 shows rain moving south ward. i'll give you a look in just a moment. >> and only in san francisco a decision on public nudity. why wr it's okay to be naked and where have you to keep clothes on. >> the end of an era. why the winningest coach in bears history has just been let go.t]x >> live doppler 7 showing a storm moving into the north and spreading across the greater bay area right now. good evening. >> so far, the rain has been concentrated in the north bay. this video taken in the past hour or so. but it's gibbing to reach the golden gate. koit come down hard tonight. let's turn to spencer christian. >> areas of heavy rainfall developing tonight. sheer is a look. you can see all of the rainfall

darren mcfadden did not return.f the day, for the raiders, palmer to hayward bey, one hand. 46 yards. that sets up a touchdown pass. from palmer to rod streater. rookie doug martin, continues the trend, 45 yards. 14-10 bucs. martin again, can somebody tackle him? they take a 28-10 lead. mr. martin is not done. he finishes with a team record 251 yards for a team record. 35-17. the raiders refuse to quit. down 18, perfect here to marcel, two-point con veq. they get the ball back to palmer. who threw for 314 yards. throws his third interception. raiders lose it and fall to 3-5. >> our team battled. we tried to make a comeback and came up a little short. >> we need to clean up. we need to be firing on all cylinders and critical points in games. >> he was tough. he did what he needed to do to win. there is nothing you can do about that. >> two td passes this one to reggie wayne, colts trailing. luck under pressure. airs it up between two defenders. 36-yard touchdown. he broke the record with 433 and colts win it 23-20. a

>> striking fear into others has also landed darren bailey in prison, but he took things beyond the fearh, man. it was kind of gruesome, man. bodies all found and everything like that. for this area, it's not really easy to walk through. we're not having a typical conversation now. now we're dealing with something more personal. as much as i try to move on, i'm still haunted by that past. >> bailey didn't elaborate on the crimes that got him incarcerated, but with the personal camera our producer let him use, he revealed a violent past in prison as well. >> when i first got sentenced, man, i started stabbing police. you know, i targeted them. okay, well, yeah, i did what i did. okay. and since ya'll want to sentence me excessively, all right, i got pain. so y'all got pain. now we all got pain. >> until recently, bailey's time at indiana state has been marked by violence and outbursts of anger. >> your unit, your [ bleep ], man. your unit. [ bleep ] you. i ran professionally. [ bleep ] [ bleep ] you. i've always thought that you're not going to go home anyway, so why tolerate this [ bleep

they lost darren mcfad can to injury, and oakland native ran wild.ight of the day for the raiders. palmer to hey heyward-bey. one hard. 46 yards. set up this 25-yard touchdown pass, and the raiders led 10-7 at the half. raiders have been outscored 88-24 in the third quarter, and martin, continued that trend. 45 here. martin again this time, 67 yards. 21 points in the third. tampa, 208 total yards in the quarter. 28-10. mr. martin is not done. fourth quarter, longest rushing touchdown. fifth time, 70 yards. set a team record 251 on the day, team record four t.d.s, 35-17. the raiders refuse to quit. palmer to reid. raiders down three. raiders get the ball back. plenty of time, but palmer, his third interception, bucs run out the clock. raiders lose 32-42 the final, falling to 3-5. >> peyton manning and the broncos taking on the bengals. decker fights into the end zone. 10-3 broncos. manning through two of his t.d. passes in the quarter, broncos win. >> andrew luck and the dolphins, luck, career game, this one to reggie wayne. colts trail by four in the

darren gersh, "n.b.r.," washington. >> tom: it wasn't as bad as we thought. that's how the government sized up the summer drought which parched the midwest. a report out today says crops fared better than expected. still u.s. farmers probably produced their smallest corn crop in six years. and as diane eastabrook reports uncertainty over the weather could keep prices volatile for months. >> reporter: this morning chicago grain traders sent soybean futures prices tumbling and corn prices see-sawing on the latest news about this year's harvest. the department of agriculture forecast farmers will produce slightly more soybeans and corn than predicted a month ago. >> it did come in a little better than expected and that goes to the technology that we've been able to develop-- that our scientists have been able to put into seeds. >> reporter: still the summer drought was devastating. the government expects the u.s. corn crop will be about 13% smaller than last year's and the soybean crop could be about 4% smaller. scoville also worries the weather problems that pl

darren gersh takes a look at why. >> reporter: the number-two man in the senate democratic leadership argues any fix for social security's finances should come after the immediate challenge is out of the way. >> i think we should take social security off the table for the current fiscal cliff and deficit discussion, but be very honest about what we're going to achieve in the near term. >> reporter: republicans pushed back, arguing social security is part of the deficit problem because it is no longer taking in enough in taxes to cover the benefits it pays out. social security makes up the difference by cashing in special treasury bonds it holds in its trust fund. but conservatives point out the money to redeem those bonds comes from taxpayers. >> it is money that is coming out of general revenue that is going into social security that reduces the amount of revenue that is available for everything from aircraft carriers and roads to environmental issues. >> reporter: legally, social security is off-budget, meaning its cash flow is not considered part of the budget deficit. and defender

as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. >> reporter: the speaker dismissed a call from a fellow republican to give the president what he wants, saying it's not good economics to raise tax rates on small businesses. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. this is not good for our country. it's as simple as that, and the president understands it. >> reporter: corporate leaders were also making the rounds. a group from the simpson/bowles backed organization "fix the debt" stopped in for talks on capitol hill. and later, c.e.o.s from yahoo, archers daniel midlands,

darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away at one of the nation's most popular programs. >> medicare is clearly in the gunsights. >> reporter: it's possible congress and the president could agree to save $300 to $400 billion from medicare by cutting fees for doctors and hospitals. but analysts worry slashing payments won't make the health care system more efficient. >> this is not really a way to structurally change medicare and if you don't change the underlying incentives, you don't get long-term savings. >> reporter: progressives at the center for american progress say the government could save close to $150 billion by squeezing the prices the government pays for drugs. but many of the president's allies reject the idea of aggressively raising co-payments for patients. and they also consider benefits based on a patient's financial situation a risky idea. >> if people want to ask the wealthy to pay more, the time to ask them to pay more is when they can afford it, which

we begin with darren gersh reporting even a visit by treasury secretary timothy geithner did little to change the mood on capitol hill. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. >> reporter: that's not how the white house sees it. the administration called the republican position that tax rates should not change implausible after the election. and the white house warned republicans against using the debt limit as leverage to force agreement. >> asking for... that a political price be paid in order for congress to do its job, to ensure that the united states of america pays its bills and does not default for the first time in its history, is deepl

darren gersh, "n.b.r.," washington. >> sie: the crippled transportation system is a big headache for feiex, joining us paul tronsor. he runs fed-ex' globalni operations control center in memphis.em paul, how are things going at fedex, and are you getting any planes into the metro-new york city are >> good afternoon. it's a great news story for dex. we've restarted our air operation into the newark metro area. and, in fact, we were the first jets to landd in newark this morning, and since then, we've put over a dozen arplanes into that and j.f.k. >> susie: la guardia is still under water, how that is impacting your operations?is >> we don't have scheduled operations into la guardia, we're scheduled in j.f.k. and newark. so we're in good shape in j.f.k., but our people are at work and sorting packages. >> susie: eveni though the planes are getting in, and the fedex messengers are getting out, there's a lot of that don't have power. how do you know whether you should be delivering a package or not? is this slowing you down? >> it is slowing us down. our team members are affected by the