howard schultz. the house is voting at this hour on a bill that would extend payroll tax cuts through the beginning of this year. if it passes, the bill could set the stage for a tense capital hill debate as both parties struggle to get their plans passed. as darren gersh reports, whether it passes or not, this bill may set the stage for a heated holiday showdown. >> reporter: the holiday theme was irresistible to many members of congress today. >> he will go on santa's naughty list. >> ...the grinch that stole christmas. >> don't be a grinch. >> reporter: the fight came over republican efforts to put their stamp on legislation to extend the payroll tax cut. the tax extension also includes the so-called "doc fix" preventing medicare fee cuts to physicians. it also extends unemployment benefits, but reduces support from a maximum of 99 weeks to 59 weeks. the g.o.p. also added provisions the white house has threatened to veto, including a plan to speed up permitting for the keystone oil pipeline from c

howard schultz, beginning with an update on his jobs for u.s.a. effort. >> we've raised almost $2 million, which has a multiplier effect by almost seven because of how much money can be raised in addition to the money we've raised side by side, and i think over 300,000 people wearing the wrist bands that we have in our stores, and i think most importantly, we're getting the money into the hands of small businesses who, unfortunately, do not have access to credit. >> tom: this comes up to an interested point, howard, and that is, what role does a public company that essentially is in the restaurant and services industry have raising money for business lending, what has traditionally been a financial services and banking industry roll? >> i feel very strongly that washington has let us down. i don't want to be a bystander and watch america drift towards mediocrity. and i want starbuckss to be the kind of company that perhaps can be a model for others to say we can can make a difference and at the same time, we can build shareholder value. starbucks

howard schultz, beginning with an update on his jobs for u.s.a. effort. >> we've raised almost $2 million, which has a multiplier effect by almost seven because of how much money can be raised in addition to the money we've raised side by side, and i think over 300,000 people wearing the wrist bands that we have in our stores, and i think most importantly, we're getting the money into the hands of small businesses who, unfortunately, do not have access to credit. >> tom: this comes up to an interested point, howard, and that is, what role does a public company that essentially is in the restaurant and services industry have raising money for business lending, what has traditionally been a financial services and banking industry roll? >> i feel very strongly that washington has let us down. i don't want to be a bystander and watch america drift towards mediocrity. and i want starbuckss to be the kind of company that perhaps can be a model for others to say we can can make a difference and at the same time, we can build shareholder value. starbucks

howard schultz, beginning with an update on his jobs for u.s.a. effort. >> we've raised almost $2 million, which has a multiplier effect by almost seven because of how much money can be raised in addition to the money we've raised side by side, and i think over 300,000 people wearing the wrist bands that we have in our stores, and i think most importantly, we're getting the money into the hands of small businesses who, unfortunately, do not have access to credit. >> tom: this comes up to an interested point, howard, and that is, what role does a public company that essentially is in the restaurant and services industry have raising money for business lending, what has traditionally been a financial services and banking industry roll? >> i feel very strongly that washington has let us down. i don't want to be a bystander and watch america drift towards mediocrity. and i want starbuckss to be the kind of company that perhaps can be a model for others to say we can can make a difference and at the same time, we can build shareholder value. starbucks

howard schultz left as ceo and came back and rescued it. their babies and when their babies are under distress they want to come back and do everything they possibly can to turn it around. >> what about the entrepreneurs that seemed to have created that distress themselves like netflix who has had well-documented problems and now he has to try get things back on track, right? >> yes. what you'll find is that this is a long haul. this is not instant gratification. in fact, what great entrepreneurship is is all about deferred gratification and great sacrifice and every great entrepreneur has overcome huge adversity. >> john byrne, thanks very much. if you want to see the world changers go to cbsnews.com. we appreciate you coming. >> thank you very much. >> stick around. earlyshow.cbsnews.com. a new belt. some nylons. and what girl wouldn't need new shoes? we talked about getting a diamond. but with all the thank you points i've been earning... ♪ ...i flew us to the rock i really had in mind. ♪ [ male announcer ] the citi thank you card. earn

howard schultz. >> i want starbucks to be the kind of company that perhaps can be a model for others to say "we can make a difference," and at the same time we can build shareholder value. >> suzanne: we'll see what schultz hopes to teach other entrepreneurs about giving back. >> tom: also on the calendar for tomorrow? we get the third estimate at how the economy behaved in the third quarter, the latest on consumer sentiment from reuters and the university of michigan, and we'll see if the number of out of work americans filing for first-time unemployment benefits continues trending lower. and, teaching your kids the importance of giving this holiday season on tomorrow's "kids and cash." >> suzanne: the former head of fannie mae needs time off from his current job so he can defend his work at the mortgage giant. daniel mudd is taking a leave of absence from the top spot at fortress investments. the securities and exchange commission sued mudd friday for allegedly misleading investors about the risk of the subprime loans in its mortgage portfolio. fortress says the firm's co- founder,

howard schultz. >> i want starbucks to be the kind of company that perhaps can be a model for others to say "we can make a difference," and at the same time we can build shareholder value. >> suzanne: we'll see what schultz hopes to teach other entrepreneurs about giving back. >> tom: also on the calendar for tomorrow? we get the third estimate at how the economy behaved in the third quarter, the latest on consumer sentiment from reuters and the university of michigan, and we'll see if the number of out of work americans filing for first-time unemployment benefits continues trending lower. and, teaching your kids the importance of giving this holiday season on tomorrow's "kids and cash." >> suzanne: the former head of fannie mae needs time off from his current job so he can defend his work at the mortgage giant. daniel mudd is taking a leave of absence from the top spot at fortress investments. the securities and exchange commission sued mudd friday for allegedly misleading investors about the risk of the subprime loans in its mortgage portfolio. fortress says the firm's co- founder,

howard schultz. >> i want starbucks to be the kind of company that perhaps can be a model for others to say "we can make a difference," and at the same time we can build shareholder value. >> suzanne: we'll see what schultz hopes to teach other entrepreneurs about giving back. >> tom: also on the calendar for tomorrow? we get the third estimate at how the economy behaved in the third quarter, the latest on consumer sentiment from reuters and the university of michigan, and we'll see if the number of out of work americans filing for first-time unemployment benefits continues trending lower. and, teaching your kids the importance of giving this holiday season on tomorrow's "kids and cash." >> suzanne: the former head of fannie mae needs time off from his current job so he can defend his work at the mortgage giant. daniel mudd is taking a leave of absence from the top spot at fortress investments. the securities and exchange commission sued mudd friday for allegedly misleading investors about the risk of the subprime loans in its mortgage portfolio. fortress says the firm's co- founder,

>> yeah. >> you spent a lot of time talking about howard schultz of starbucks. to the company? >> that is interesting. three of the 25 had a second coming. steve jobs was basically thrown out of his company and came back and rescued it. howard shultz left his operating role as ceo and came back and rescued it. michael dell is in the process of doing the same thing. you know, to it these people, their companies are their babies and when their babies are under disstress they want to come back and do everything they can to possibly turn it warned. >> what about the entrepreneurs created that distress themselves like netflix who have had well documented problems and now he has to try to get things back on track, right? >> yes. you know, what you'll find is that this is a long haul. this is not instant gratification. in fact, what great entrepreneurship is great sacrifice and every great entrepreneur has overcome huge adversity. >> john byrne, thank you very much. if you want to see an excerpt of his book, go to earlyshow.cbsnews.com. a new belt. some nylons. and wha

. >> chris: nobody announce they'll run but starbucks ceo howard schultz and former secretary of stateleezza rice. they won't support the nominees they will object their own and that has created a controversy. a.e. is social welfare organization which means this they don't have to disclose the donors. >> why not disclose? >> because people are actually in the real world, that is possible. the reality and the democratic and republican parties, this is why challenging. >> chris: he worked for a liberal massachusetts governor. he please the a.e. cabinet can win. as for talk, they will act as spoilers to the other side, he says the system can't get more broken. >> thousands of people worked on the process and millions of people that support it, they have a way to really rethink the way we elected people. >> chris: they hope to also get candidates to the state and local level. check out americans elect.org. have a great week, and we'll see you next fox news sunday.

now, paterno then told his boss, athletic director tim curley and howard schultz, who was the university vice president-o who oversaw the campus police. but keeping them honest, according to paterno's grand jury testimony, which was read back in court today so, that's the first time we're actually hearing the grand jury testimony, paterno did not notify them immediately because, and get this, he didn't want to interfere with their weekends. what's more, mcqueary's testimony today conflicts with another portion of joe paterno's account to the grand jury, that mcqueary only told him he saw sandusky "fondling or doing something of a sexual nature." now, that's different from mcqueary's characterization of the act as "extremely sexual." more than a week later mcqueary was grilled by tim turley and gary schultz and the alleged act got watered down even more. today the judge heard curley's grand jury testimony also read back. asked whether mcqueary reported seeing an act of sodomy curley told the grand jury "absolutely not." as for schultz he told the grand jury he recalled mcqueary saying san