>> baird: i think we got six. >> kroft: six doesn't sound like a very big amount. >> baird: it's not, steveave national cherry pie week and get 100 cosponsors. >> kroft: when baird finally managed to get a congressional hearing on the stock act, almost no one showed up. it's reintroduced every session, but is buried so deep in the capitol, we had trouble finding congressmen who had ever heard of it. have you ever heard of the stock act? >> the what? >> kroft: the stock act. do you know anything about it? >> no. >> kroft: congressman. congressman. >> i haven't heard about that one yet. >> kroft: have you ever heard of something called the stock act? >> no. >> i've heard about, but not... i can't say it's an issue i've spent a lot of time on. >> i would have no problem with that. >> kroft: okay. >> but then again, i am big fan of, you know, instant disclosure on almost everything. >> kroft: they're looking for co-sponsors. >> and yet, i've never heard of it. >> baird: when you have a bill like this that makes so much sense and you can't get the co- sponsorships, you can't get the leadership t

that i would act upon an investment. >> steve kroft was busy. so is nancy cordes. as usual, she is on capitol hill this morning. nancy, what is the reaction there? >> reporter: jeff, house minority leader nancy pelosi released a statement after the "60 minutes" last night refuting the claims and saying, quote, congress has never done more for consumers nor has the congress passed more critical reforms of the credit card industry than under the speakership of nancy pelosi. and speaker boehner's staff reiterated what he said in the report last night which is that he does not make day-to-day trading decisions on his accounts. >> some of this was discussed last night, but is anything being done now or on a year-to-year basis about the stock issue? >> reporter: well, there is a bill that is reintroduced every year that would make it illegal for members of congress to make trades based on information that they have that is not publicly available. it's called the stock act. it has a very small number of cosporc cosponsors and hasn't made it anywhere near the house or sena

. >> i'm steve kroft. >> i'm lesly same-store sale w i'm lara logan. >> i'm scott pelley, those storiesight on "60 minutes." this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and, you know, you start thinking about what's really important here. my grandson calls me grandpa. my littlest one, my great grand, now she calls me poppa. i just fall apart at the seams behind that kind of stuff. that's -- that's what makes me. ah, it gives me a reason to be here. you know, it, ah, it's my world. that's my world. ♪ ♪ hey, two tickets just opened up on the 50. ...yup, about to go pick them up from will call. so 46 seconds ago. did you guys hear that chapman rolled his ankle? done. get out there. so 12 seconds ago. you guys know how to post videos to facebook? you guys know how to post videos to facebook? you guys hear, someone stole... ...stole the other team's mascot? [ tiger growling ] so 27 seconds ago. [ male announcer ] stay a step ahead with 4g lte. with speeds up to 10x faster than 3g. at

it just so happens that our friend steve kroft interviewed grover norquist. they're going to do a story about him tonight on "60 minutes." let's get a little sample of grover norquit here. >> you make it pretty clear if someone breaks the pledge you're going to do everything you can to get rid of them. >> to educate the voters that they raise taxes. again we educate people to.... >> to get rid of them. >>... to encourage them to go into line of work like shoplifting or bank robbing where they have to do their own stealing. >> you got them by the short hairs. >> the voters do, yeah. >> schieffer: so there you are. now you did actually sign that pledge. the grover norquist pledge. but you were willing to go ahead and put this plan out on the table. i think he said that if your plan was actually enacted, it would be poison. >> well, let's look. this is an indication of how far republicans were willing to go to try to find a solution here. first of all, i don't think we have a tax revenue problem. in washington. we have a spending problem. as recently at 2007 wit

a couple of things that you talked with steve kroft about last night. we just heard from you in that bite the most powerful issue and this is the most powerful issue in american politics. you said, i'm quoting here talking about how many people you've gotten to sign this pledge and how it's helped them, as you say, if they sign it and keep it they win the primary and win the general and get to govern and i've helped make all of this possible. if this is about governing and if this is about keeping the seats in congress and pushing forward with this pledge there is still not a lot done in washington even with some of the compromise. so why nont push those people to maybe do a little bit more? >> well, of course, look. the democrats have spent a great deal of money. bush spent too much and the democrats put it in hyperdrive adding drills in just a few years to the debt, things that used to take us decades or a hundred years to do. we need to bring that spending down. the democrats want to get the republicans to raise taxes to pay for their higher spending

steve kroft asked norquist about the hold he has over the gop on last night's "60 minutes." >> a lot of people think you're the most powerful man in washington. >> the tax issue is the most powerful issue in american politics going back to the tea party. people say, oh, grover norquist has power. no, grover norquist and americans for tax reform focus on the tax issue. the tax issue is a powerful issue. >> and grover norquist joins us this morning from washington. good to have you with us. in the american people's mind, as we look at congress and the way the approval rating has continued to plummet, essentially over the last few months, for a lot of people, this is a failure, the fact that the super committee cannot come to some sort of agreement on what to cut here. to you, though, is it a success in that your side, technically that you're backing, or either side didn't give in? >> well, two things. one, the goal of the super committee was to reduce spending $1.2 trillion. if they couldn't agree on how to do it, the democrats refuse to come up with $1.2 trillion in spending cuts, you

. >> i'm steve kroft. >> i'm lesley stahl. >> i'm morley safer. >> i'm bob simon. >> i'm lara logan.i'm scott pelley. those stories tonight on "60 minutes." >> cbs money watch update. a record number of shoppers spent more thançó $52 billion, an all-time high on black friday weekend, historic cybermonday sales are predicted tomorrow. good news at the pump, gas falling 6 cents last week. and twilight won the weekend box office again, i'm russ mitchell, cbs news. ♪ [ male announcer ] there are over half a million apps and counting on the iphone. apps that can take you anywhere and do anything. you might say there's no limit to what this amazing device can do. so the question to ask is -- why would anyone want to limit the iphone? [ phone beeping ] we don't. truly unlimited data for your iphone, trouble hearing on the phone? only from sprint. visit sprintrelay.com. if you sleep in your contact lenses. lucky for you, air optix brand has a lens approved for up to 30 days and nights of continuous wear. [ male announcer ] that's why they're recommended most for people who sleep in their len

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in the "60 minutes," steve kroft sat down with peter schweizer who found some red flags in the financial disclosure forms of members of congress. >> the fact is if you sit on a health care committee and you know that medicare, for example, is considering not reimbursing for certain drug, that is market moving information and if you can trade stock off of that information and do so legally, that's a great profit-making opportunity and that sort of behavior goes. >> reporter: the story prompted massachusetts republican senator scott brown to introduce the stock act, a bill to prohibit insider trading by members of congress and the people who work for them. >> if we have people dealing in sense sieve information they shouldn't take the information and line their pockets with money. >> reporter: a version of the bill was first introduced in the house seven years ago by former washington state representative brian baird. >> how many cosponsors did you get? >> i think we go to six. >> reporter: six doesn't sound like a very big amount. >> it's not, steve. you could have national cherry pie and

hurt the credit card companies and then when "60 minutes" questions her about it, she looks at steve kroft says do you have a point here? yes, we have a point. get out. we're done with it. >> number one, drum roll, please. >> there you go. >> your number one political turkey of 2011 is surprisingly anthony wiener. >> how could it not be anthony wiener? it was the story of the year. he's the congressional member whose member we'll always remember. let -- before we get into the little, you know, nasty bits and pieces of this story, can we just remind ourselves that anthony wiener and the whole escapade. i know it's an easy punch line but he was a really bad guy. what he did was borderline predatory. and when he got caught, he lied, he berated people. he bullied reporters. and ultimately, he blamed an innocent man, my friend andrew britebart, he blamed him and accused him of hacking into his account. he's a horrible guy. remember the democrats that jumped to his defense? there were none. that's because they know he's a problem. i'm glad anthony wiener is gone. i hope he never comes back and h