always good to see you. >> thank you. >>> when we return on "the wall street journal report," maria willl of 2013. what the new year may bring to wall street, to washington, and to your wallet. predictions and analysis to get you to january 1st and beyond. and then later, what a ride it's been. some of the biggest names and stories and ideas that made the 12 months of 2012. as we go to the break, a look at how the stock market ended the week. >>> another new year's eve approaches and instead of resolutions we're making bets and predictions for 2013 for washington, wall street, and around the world. joining me now is "the washington post"'s ezra klein and yahoo! finance senior columnist mike santoli. mike, the post-crisis lows for the markets are nearly four years old. in 2013 what's your outlook for the market stability and the broader economy? >> i think the market is finally realizing that it's kind of emerged from this long-term kind of uncertainty trade out there. the big picture questions are whether the central banks can kind of stabilize the system, whether, for example, china las

the past year. the journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo. >> all that ahead, but first, here's fill griffith with the look at the stories making headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on januar1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both uses to washington for last-minute negotiations. concerns about the cliff spooked investors, the holiday shortened trading week was lighter in volume but higher in volatility. the worst decline of the month on thursday after a disappointing read on consumer confident and some public statements by congressional leaders. and yet with one final trading day to go, all the major averages were still showing positive performance for the year of 2012. meantime, the u.s. is set to reach the deb

always good to see you. >> thank you. >>> when we return on the "wall street journal" report, maria will be back gazing into the crystal ball of 2013. what the new year may bring to wall street, to washington, and to your wallet. predictions and analysis to get you to january 1st and beyond. and then later, what a ride it's been. some of the biggest names and stories and ideas that made the 12 months of 2012. as we go to the break, a look at how the stock market ended the week. there has to be a long-term impact. p impact. let's face it, any deal that they can come up with is an >>>> anothep >>> anoth>>> approaches and instead of resolutiop resolutions werp ar aand approaches and instead of resolutiop resolutions werp ar aan predictionsp and washington, wall street, and around the world. joining me nr joining me now i washington post" ezra klein and editeditor ap editor at er columnist, mike santoli.pmi the markets are nearly four years old. in 2013 what's you're outlook for the market stability and the broader economy? >> i think the market is finally realizing that it's kind of emerged

the "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. big changes for american icon. a symbol of capitalism and wall street. the new york stock exchange is being sold to i.c.e., atlanta-based derivatives trading exchange. the deal valued at $8.25 billion. profits at the nyc has shunk, lower trading volumes. i.c.e. is interested in the nyc because of the lower-based derivative exchange. the market could not make its mind up this week. the dow posting the first back-to-back triple digit gains since july. followed up with the worst day in a month. all the moves based on, well, what else, sentiment around the fiscal cliff deal. the economy though is looking stronger than many analysts expected. the gross domestic product was revised upwards, up from a previous level of 2.7%. the gdp is the broadest measure of the size and straeength of t u.s. economy. >>> the treasury department announces a plan t

welcome to "the wall street journal report." i'l laria bartiromo. a symbol of american capitalism set to change hands. who hs planning on buying the new york stock exchange and why. >>> the fiscal cliff clock ticking down. real estate roars b@cj. what it @ll mdans for your mo y money. the hottest holiday toys. the kids at heart and why everything old is new again. the "the w@ll rtredt journal repo" begins right now. >> this is america's number e financial news program, "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. big changes for american icon. a symbol of capitalism and wall street. the new york stobk exchangd d i being sold to i.c.e., atlanta-base derivatives trading exchange. the deal valued at $8.25 billion. profits at the nyc h@s shunk, lower trading volumes. i.c.e. is interested in the nyc because of the lower-based derivative exchange. the market could not make its mind up this week. the dow posting the first back-to-back triple digit gains since july.

welcome to the "wall street journal report." i'm maria bartiromo. tick to, the clock is running out on the fiscal cliff. i will talk to the former cabinet secrary who says going over the fiscal cliff is better than getting a bad deal. >>> the auto industry is back. what it is doing right even in a soft economy. weill find out what is driving profitability. >>> and curtains up on the billion dollar w women who made the lion roar. my conversation with julie taymor. >> it's made 4 to $6 billion no no one complained about it. >> >> "wall street journal report" begins right now. >> this is america's number one financial news program "wall street journal report."" no now, maria bartiromo. >> here's a look at what is making news. some surprisgly good news about america's economy. the labor department says 146,000 new jobs were created in november. much better than economists' expectations. the unemployment rate drop theed 2/10 of a percent now at 7.7%. the best number since december of twachlt the labor department says superstorm sandy had little affect on

this is "the wall street journal." big deals of the past have not worked out very well, especially for them, he points out. host: we are asking you to respond what happens next and how the fiscal cliff may impact you personally. good morning. caller: good morning. i have heard people talk about the fiscal cliff. i knew the day after the election we have to go over the cliff. republicans forget one thing. democrats won the election. ain't this kind of backwards? what the republicans are proposing is not acceptable. host: this comes from our twitter page. the conversation, twitter.com/cspanwj. the headline in "the washington post.' " wayne from alabama. caller: good morning. we're here because the democrats. the democrats signed the bill that put this into action a year ago. it sounds like a two-thirds majority vote of democrats and republicans. everybody wants to point the finger at republicans. do not want to change. it is kind of strange. i think the democrats are getting what they want. they are getting tax increases.

. >> front page of "the wall street journal" today, asking the question whether the consumer is going to slowly sort of peter out from their spending. you worried about that? american express whole foods will play right into that. >> i am not worried about that. i actually take the other side of a lot of what was written in that article. >> stephanie link? >> get a compromise that you want to look at is technology. technology is down 9.5% from the

and in the wall street journal, and does work as reporter and bureau chief for the wall street journal, and the international herald tribune in hong kong, london, brussels, paris, atlanta, served as managing editor of the asian wall street journal and london bureau chief, and won the distinguished supporting award. and one of the reporters that act in 2008 excellent and urban journalism award. in 2004 to 2010, and has written very insightful and instructive book, the fateful history of fannie mae -- "the fateful history of fannie mae" which he will now discuss and we are delighted to have you here. [applause] >> thank you all for your interest in this topic. the a e i was so far trying to pack with the dangers of fannie and freddie. now that congress is listening. it is a pleasure to be your, someone helps me with my research, alex, tom, tom stanton, others, thank you all. i recently looked at the electronic version of my book on itunes and itunes informed me people who bought my book also bought winnie the pooh. winnie the pooh first appeared in 1926, fannie mae came along a dozen yea

why companies may be looking for the art history major rather than an engineering one. "wall street journals america's number one financial news program. "the wall street journal report." now maria bartiromo. >> here is a look at what's making news as we head to a new week on wall street. the federal reserve goes where it's never gone before. at its meeting this week, the fed's open market committee announced a new target that it will keep interest rates low until the unemployment rate hits 6.5%. that's the target. that's the first time it has linked employment to interest rates. the fed also announced a plan to continue buying $40 billion a month in bonds to keep interest rates low. but, of course, the big news was about those jobs. >> the conditions now prevailing in the job market represent an enormous waste of human and economic potential. a return to broad-based prosperity will require stayed improvement in the job market which, in turn, requires stronger economic growth. >> meanwhile, the fiscal cliff drove markets. the dow industrials broke a five-day winning streak on wednesday and

up next on "the wall street journal" report, not too late to buy a last-minute gift for the kids on yourt this or any time of the year. the why and how behind the art of doing good. as we take a break, take a look at how the stock market ended the week. back in a moment. >>> so what is playing well in the 2012 holiday shopping season this time of year represents about 20% of annual retail sales, meaning tough competition for consumer attention. but my next guest hopes that leaves room for a little fun as well. jerry storch is with me. he's ceo of toys"r"us, the world's largest dedicated toy retailer. >> nice to see you. >> great to be here. >> so does all the drama over the fiscal cliff and uncertainty about the economy weigh on consumers? how are you expecting the season to play out? >> well, i don't have any doubt that it does weigh on consumers, it's in the news constantly, people are worried about it, but having said that, we're talking about christmas here. this is no minor holiday. so christmas is going to come on tuesday. it is christmas day. and consumers have to get shopping. an

wasn't around when that particular thing happened what are the circumstances were he told the wall street journal what arlo's decisions were i was a bear. after all rayburn isn't a baker he's a banks he's the owner of coby partners a company that tells corporations how to restructure think mitt romney and he's going to make out very well in homes bankruptcy court just ok one point eight million dollars in christmas bonuses for the new fat cats at hostess. here's the incredible irony to all this if you borrow money to pay for your or your kids' education you can't get rid of that debt through bankruptcy that was one of the great reforms of the bankruptcy laws during the bush era. but if you're a c.e.o. or a buyout banks and you borrow money from your employee's pension fund to be able to cover your own paycheck and million dollar bonuses and then take your company into bankruptcy neither you nor the company have to pay those employees back even a single penny part of their pension is picked up by we the taxpayers and the rest it's just loss there used to be a time in america when business people h

journal continues. host: we're back for the last part of today's washington journal. whether or not congress that should raise the minimum wage. here's the wall streetal this morning with their story. the economists said a sizable majority of studies there of you give a relatively consistent, although not always -- a piece refers to george miller, the top democrat on the house work force committee. he, along with tom harkin, are looking at legislation that they're going to introduce next year to raise the federal hourly minimum wage to $9.80. so we want to get your take on this. should congress raise the minimum wage? 202-585-3882 for all others. you can send us a tweet for facebook post or an e-mail. we will look at facebook comments throughout the next 30 minutes. we want to get your take your phone calls on this as well. it says -- we heard it from bill bennett, and says minimum wage increases cause employers to and then decrease hours for the workers. david in bnorth carolina, a democrat. caller: i think a minimum wages part of the economic solutions. you have to raise it for people to have more disposable income. host: because of consumers' dri

the street to living in the lap of luxury. john paul dejoria's remarkable ride. you went from homeless to a billionaire. the "wall street journal report" begins right now. >> here's a look at what is making news as we head to a new week on wall street. in washington, posturing politics and high-stakes poker with america's economy at stake. president obama's initial offer on the fiscal cliff was resoundingly rejected by republicans. it included a $1.6 trillion tax increase, double what he campaigned on. also included $400 billion in entitlement cuts eliminating the need for congressional approval to a raise the debt ceiling. the markets rebounded later in the week following the latest hopes on a fiscal cliff agreement. america's economy grew at a faster pace than initially expected in the third quarter of the year. the second reading of the gross domestic product showed it at rate of 2.7% spurred by stronger inventories and exports. the securities and exchange commission is looking for a new chairman. mary shapirp schapiro announcin she will step down after nearly four years on the job. the obama administration says it will anno

the story was first reported in the "wall street journal." meanwhile darden is blaming a lackluster quarter on poor promotions and backlash over its stance against obamacare. the federal administration aviation is requiring boeing 787 have their fuel line connectors inspected over possible fuel leaks or fire. >>> john mcafee has turned up in guatemala city seeking political asylum. he's wanted as a person of interest about the murder of a fellow american. back on the street, keep an eye on pandora. it plunged 23% after the bell. and does it sometimes feel like you spend your whole life on line? according to a report, the united states spends 121 billion minutes on social media sites. this was just in july. that is more than 230,000 years. as you can imagine, it's facebook, twitter, linked in and pinterest that were among the biggest. >>> bob costas talked about the firestorm over his comments following the murder-suicide by jovan belcher. >> what i was talking about here, and i'm sorry if that wasn't clear to everybody, was a gun culture. i ne

this from "the washington -- the wall street journal." the deadline looms with the fiscal cliff, that story available on line. joining us live, meredith who has been following this since it started. what happened to the caucus last night? caller: there is the surface answer, what happened when they were leaving the room. i think the most telling detail and what you have seen and the most outlets is that apparently when the speaker calls one of these meetings, it is so he can gen of the final votes and try to get enough votes to pass an initiative. that was not even the purpose of this particular session. he was calling them in to tell them they were not going to have the votes and to go home for christmas. that is a telling detail that apparently the speaker got in front of the room and said the serenity prayer. god, grant me the serenity to accept the things i cannot change and it -- then he sent them home for christmas. he just walked straight out of the capital. it was stunning, actually. it was not surprising that the republicans could

the "wall street journal" reporting the national counter-terrorism center now has a massive databasecivilian information that it plans to use to track innocent people for possible suspicious behavior without probable cause. the database to potentially include everything from flight information to health records and it can be kept for up to five years. some and the obama administration or reportedly opposed to the government dragnet and invasion of privacy, but attorney-general eric holder approved it anyway. house speaker no armed with graphics and the right message on the fiscal cliff. >> if you look at the spending problem you see it does nothing. nothing. not to sell the spending problem lou: did he just sees high ground? the "a-team" on that and much more. striking health care workers and one judge appointed by the national labor relations board siding with and are you ready, the union. imagine that. the benghazi backlash. john kerry emerging as the leading contender to be secretary of state. ambassador john bolton with the analysis here next. ♪ [ engine revs ] ♪ ♪ [ male announc

nbc contributor and former presidential candidate howard dean, steve moore of the "wall street journal" editorial board, author of "return to prosperity." steve, i begin with you. we have from the "wall street journal" editorial page costco's dividend ta dividend as tax epiphany. taxes matter, steve. even though there are a lot of people in this world who think not. >> they matter a whole hell of a lot. it was very predictable these companies would be starting to pay deluges of dividends now. if you pay them now your shareholders only pay 15%. if you wait six weeks they have to pay as high as 40, 42, 45% depending on where that rate ends up. so taxes do matter. it's affecting behavior. let me sayhist my good friend howard dinos this, laimplarry. when he was a governor he cut taxes not raised them to make his state more productive. you should be advising this president not to raise those rates. >> steve i was hoping to get some help from you. you know very well, one of the things we can both agree on the deficit is out of control. >> that's for sure. >> you know as well as i do that the

>> we looked at this at the "wall street journal" a couple of weeks ago and i don't mean to be a huge downer but it's unfortunate that a lot of business owners are struggling to sell their businesses and they're feeling stuck. evaluations for businesses are down and sales prices are down still. so we have found that a lot of business owners are having to postpone retirement five years or longer. some of them are having to agree to these earn-out deals where they stick around, even though they may be feeling ready to wash their hands and move on to something new, where they have to stick around and the business has to meet certain performance targetings for them to get payments. so this is a very common problem eveshl specially for baby boomer business owners who maybe started their businesses at a time when things were going well and there was this american dream they were after and now hire we are, out of a recession and the economy is still very stagnant. >> okay. the next question. when to ask for funding. >> is it a good idea for us to borrow money from the bank before the savings

this is in the wall street journal. you can see images of a variety of guns. everything from the glock found at newtown imposition of the shooter and a semi-automatic assault weapon and a variety of guns. van is our next caller in memphis, on our democrat line. should gun laws change? caller: they should change assault weapons. this is for the military. what is a a 55-year-old lady going to do with an assault weapon? they need to be banned. when this president got elected, they started buying guns like crazy, like he was going to take away their guns. he never said anything for the full you are years about assault weapons. they should change. assault weapons need to go. host: let's go to frank in beverly, new jersey, on our republican line. good morning. it's a great show. i really enjoy c-span. i want to make some comments about this issue. first, i want to say i'm really sorry for what happened. you can write all the gun laws you want and put all the gun laws on the books that you want. there are over 30,000 of them right now currently. you are not going to s

google is unscathed by an antitrust investigation here in the united states, according to the "wall street journal." a number of rivals say google's search practices emphasize its own services and companies over that of competitors but the "wall street journal" says u.s. federal trade commission won't force google to sign a consent decree and google will voluntarily make changes. looks like they are facing a similar probe in europe. >>> stock market has been focused on "fiscal cliff" talks of late. negative sentiment last week, some hope after some weekend talks. so let's see how the market is doing now. dow higher by 52 points. nasdaq is up by 14. s&p gaining 7. apple shares flat, google up 1.5% on the "wall street journal" report. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> well, if you can avoid the post office today, you may want to. expect long lines there. it's going to be the busiest mailing day of the year with a crush of holiday packages. there will be a 20% increase in package deliveries compared to last year. that could help the struggling service recove

the "wall street journal" reports u.s. eholds spent just over 10% in the third quarter of the year. that is the lowest level since 1983, according to the federal reserve. while the ultimate procrastinators are hitting stores today, retailers are also bracing for a busy day on wednesday. industry watchers say the lines were returning gifts will be as long, if not longer, then the lines consumers had to buy the things in the first place. that is the latest from the fox business network. giving you the power to prosper. ♪ lori: how has the franchise industry than coping with the fiscal uncertainty coming out of washington? joining us now is nick powell. welcome. >> thank you. thank you for having me. lori: i have to imagine this is probably one of the most difficult times. what do you think? >> well, it is obviously dependent on the way you look at the statistics. i think it is a great opportunity to get into the franchise market right now. yes, from tax uncertainty, it is deathly a challenging time. lori: that is a great poin

years the wall street journal ---- here is the wall street journal.uest: i think there's some basis for that. what is happening in congress, it's dysfunctional, we are using brinksmanship. that's what happened in the debt ceiling fight last august and what happened in the budget debate in december 2011 when we went right up to the midnight hour to determine whether we would keep the lights on in government. it is a function of congress not being able to find common ground and focus on making progress, particularly on the republican side there is a view we cannot have any new revenues as part of any solution. ben has been politically discredited. it cannot work. but there is danger in this. i agree with that. the preferred action is to reach an agreement sooner rather than later. get auch better for us to good agreement that is durable. host: john in missouri, democratic caller. caller: good morning. health care costs, my wife and i live on a combined social security income of 14 cows and dollars per year. that is combined. if we are still making mortg

question of political it was totally political this is all being orchestrated great article in the wall street journal about how they all get together for dinner involves switzerland and iran ever and now it's all the stuff that's in the good example of that but but you know the problem is who's going to actually buy the treasure i said you want to get inflation about nominal rates a lot of people say well gee if inflation gets to three or four percent aren't rates going to go to five percent won't the bond vigilantes come in and trash the bond market the answer is no this is where financial repression comes in the federal buy it themselves the commercial banks are kept the buyers will just turn to the commercial banks and say you have to buy them or will shut you down to me and solve it we can do that whenever we want and the third leg of the store is japan so between the fed's balance sheet the commercial banking system in japan will be enough buying power to keep a lid on nominal rates bring on the inflation through the currency wars get the negative real ways try to get people lending and spending

one of the wall street journal. all three. more and. i got matches. i think that's why. my project burned wall street. it's about getting all the american skeletor from either the left or the right just we all has a common things we all want to fix our country and fix the rest of the world. or our country is being controlled by big money people that are so greedy that their why destroy everything just so they can have some more money but it's not yet value . for the ghost shit like that. so we're trying to say that we're trying to get the tea party of the i could type. and to communicate with each other and out push their legislators to take money out of politics in america have a cup of tea find it say bring us the same amount of my source not who's got the most amount of money for the marshall to win since the smartest man or woman running battle system then when. we also want to regulate wall street with prison sentences and set up money. if i rob somebody of five hundred dollars they put me in prison for fifteen years if you rob somebody five hundred million dollars t

it read that in the "wall street journal." is this an attack on the rich? >> eric: class warfare.s a little bit our fault, a little of the media's fault not staying on it, on our side. you saw the navy seal saying thank you to fox. we have done it. we have done our share. i think we have only missed two or three day since september 11 covering the story. but this really comes down to the justice department. justice department not investigating this the way they didn't investigate fast and furious. it's a problem. you know, dan ab says history will show. hope history doesn't show. current and present time people dig in and find out what happened and we expose them. there won't be a movie about benghazi. it won't happen. >> greg: why is that? if this was president bush you'd scream bloody merd. >> there was a terrible process of vetting a statement that susan rise got. i think the dni was responsible for that. the 94-word statement. communication screw up but the reason there is not a lot of news about it, there is no news about it. no new evidence or anything. hearing on capitol hi

below that is karl rove's weekly column in the wall street journal. "what obama is really bargaining for" is the headline. that caller of this morning in the wall street journal. this is gary in ohio on our independent line. caller: good morning. i feel that the united states is divided. just like your show, you have a republican member, democratic member, independents number. as long as we can -- they can divide us into 3 or four groups, they are going to do with a one- two. just like at the conventions for both parties, how on the screen they read off of, they took a vote and had it scripted on the screen what was going to happen. they already had the answer on the screen. you get all this stuff out of d.c. and no one has said a word for six months about libel. -- libor. guys th these guys have been setting the bank rates 40 years. nobody gets in trouble or goes to jail. there is no law in washington. they are running the guns. it's up about gunrunning. there is as much dope down there as there is gunrunning. host: thank you for calling. from "the da

fiscal cliff next with cnn's senior congressional correspondent dana bash, steven moore of the "wall street journalckie calms of the "new york times." 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. [ tylenol bottle ] me too! and nasal co [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> joining me around the table, cnn's congressional correspondent dana bash, mark zandy and he has a new book out "paying the price" steven moore of the "wall street journal" and jackie calms of the new york tiles. thank

the "wall street journal" did a request but this violates the fourth amendment.and take what they want without the probable cause. they don't to prove probable cause. this is disturbing. >> this is and ought to be done away with. the reason you sign the executive order is because of the patriot act. it gives the president the authority in administration -- >> that is -- >> executive order on this part. you couldn't before the patriot act you couldn't sign a thing. but what you talk about, remember the phone companies got in that is all of that trouble, they helped out the administration in counterterrorism and pulled the plug on that. terrible. >> andrea: the patriot act was designed to focus on terrorism. the bush administration used it to get terrorism information non-terrorism data bases. this is to get any information anywhere. not just the fourth amendment. front to the bill of rights. you know, though, the left has been seselectively berserk about privacy. they have been trying to get hands on the medical records for years. they are doing it under obamacare

. >> host: will "usa today" and "the wall street journal" and the "washington post" be around and me as important? >> guest: yes. i could be wrong but they will not be around in any form that we recognize. i am blessed concerned about that but professional journalist how they operate what organizations to their work for and what form paper or web for television. i am less concerned about that this is the economic model to make sure there is a place for peoples whose job it is that they will be one voice among many. .> host: is that the main >> host: is that the main question your students ask? >> guest: first of all, the reaction i get from undergraduates is, so? the world we describe is the world they grew up in. fest -- first-year students born in 1982. it is almost as if they want to know what the old world is like an understand the new world. we are a communications school many are interested in be a journalist but contribute to society through the media so their issues are how to do that? >> host: we have been talking with the id dean whose most recent book is "after broadcast n

. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad news out of chicago where the maker of the academy awards oscar statue wets is planning to layoff nearly 100 workers before christmas. >>> finally, 'tis is the season for a holiday party essential, at least the fun holiday paerlts, the ugly christmas sweater. what if you don't owe one? there's one high schooler who can help you out with that. he buys them up and sells them on his website for, get this, 20 to 50 bucks each. he does this all from his parents' basement. little zuckerberg in the making. >>> coming up, shoppers and everybody else who rides an escalator, beware. we have a story for you. >>> plus, a house engulfed in flames with family still inside including a loved one who lost its home to hurricane sandy. this has a somewhat happy ending. you're watching "early today" . >>> 3, 2, 1! >> look at that. that was president obama and the first lady along with the first daughter sasha and malea pushed a button to light the christmas tr

toyota motors, t.m., settled -- according to the friends at the "wall street journal" settled a classion lawsuit about acceleration to the tune of 1.1 billion. we'll keep our eye on that stock tomorrow. we should see active trading tomorrow. think there was outrage over the government initially calling the benghazi attack a spontaneous protest over an expect video? wait until critics hear this. assistant secretary of state who resigned his post over the attack is reportedly still working for government. the other three officials are expected to return to their jobs. mike baker says this is a travesty. mike, we thought that the four people were fired or resigned over benghazi attacks and they're still working for government. we thought that, because that's what they told us. not a shock to most people at this stage of the game. washington no, accountability and lack of consequences. it doesn't happen. >> eric: so the assistant secretary of state changed jobs. literally, went across the office and took another desk. >> you are to parse jobs here. this is difficult to get fired from the

under her leadership, it was named one of the next big things in tech by the wall street journal, the start up to watch by ink magazine. please welcome leah. jamie wong is the co-founder and ceo of viable.com. her vision of a more open world and exchanges through travel is the driving force. her commitment to bringing travel experiences to the world by making it easier to find, create, and book provides a platform for the community. she is a dynamic creative and leader with a passion for bringing ideas to market the change the way people live. finally, jay. in his girl as the chief innovation officer, he is working with the tech community and public to bring the government into the digital age. a partnership announced in 2012 will open the doors of government to our tech community to drive new solutions and businesses. if you have ideas for innovating services for government, please send him a tweet. finally, our moderator. he is the co-founder and publisher of an online magazine. i will let him begin the program. >> what a turnout. this is amazing. thank you, spur. i want to make a q

the "wall street journal" is profitable and does just fine. ome that survive but having numerous newspapers that run the same stories from ap, nationwide it is no longer necessary. liz: google made all more than the print media combined in ad revenue. adam: radio stations, tv stations ownership rules of the fcc revised those, tv station can own all in a local market. so they can merge can become more efficient so the paper can survive and tv can survive as well. david: those rules are out of date because congress are out of date and the president is out of date on these rules. the bureaucracy will never catch up with the technology, will it? adam: no, unless they pay for it. david: the highlight reel is next. david: here it is. the highlight reel. we believe the president does want to go over the fiscal cliff. >> boehner will be in the situation, do i get democratic votes. >> this is about the little guy on the street said that the republican people are losing. the american people are losing even more. david: are we going to go into a recession

and just a couple of minutes ago "the wall street journal" coming out with a headline that budget talksave resumed between the president's staff and the speaker's staff. that's something that we're going to check on ourselves in just a couple of minutes with both sides still stuck over tax rates, that still remains the issue. the house is out until tuesday, republican lawmakers say they'll speak with small businesses while back in their districts to discuss the president's tax plan and highlight what they call his small business tax hike. president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding t

. >> how can you work itut when the president himself, according to the "wall street journal" said --peaker boehner came up with $800 billion and he said that doesn't cnt. >> it's clear we see what the problem is. the problem is, as the speaker indicated before we broke, he thought he had votes. so his plan b. the speaker said, and the majority leader said, i have the votes. we were on the floor of the house waiting for the vote, waiting to see what took place. then there was word there would be no more votes, that the speaker didn't have the votes. i talked to number of colleagues who were upset with their colleagues to didn't support the speaker. >> you're right. the whip or whoever counts the vote should never have suggested the vote. back to plan b. if you look at plan b, itas the 2010 senator schumer plan who said tax people making over # million dollars. raise taxes on those people and leave everyone else. it's that plan, all of a sudden dems don't want that one either. >> we don't know what happened. it hit the floor. >> sir, all due respect. >> let me finish. >> the senate say

we'll start with "the wall street journal." ounterterrorism center has been given the green light by the white house to examine government files of u.s. citizens for possible criminal behavior. even if they are not suspected of a crime. the u.s. terror -- >> what? >> yeah. i said that. the u.s. terror agency -- >> the next thing you're going to tell me is the fbi can go into our e-mails if we know somebody who doesn't like an e-mail that she's gotten, and then they can open other people's e-mails and then have suspicion of sexual activity and therefore open another person's e-mails and then report it to other government agencies. that will never happen. >> yeah. >> this is insanity. >> not in america. >> you know, this is harold ford. you went to law school. i went to law school. this is the proverbial slippery slope that our constitutional law professors warned us about. >> really? i see. you don't like the slippery slope when it's inconvenient to you. the u.s. terror agency -- >> i don't even know what that means. you just hap

rick's good friend to bey cross grove was saying in the wall street journal. probably what it will lead to is a singer payer rule of socialized medicine. >> absolutely. i don't doubt it >> rich? >> i don't doubt that for a minute. obama care is doing and paralyzing growth among small businesses. you will see all kinds of businesses finding magically 49 employees rather than 50 is the number of full-time people they want and the rest work 28 hours and the other aspect, large companies are going to make working and onerous and they're monitoring all of your health care. it is not if you smoke it is your weight and glucose and your blood pressure. this is it going to be the cost of working at a large company as they try to drive down the insurance obligation. >> is this going to cost jobs? >> of course it will. health care is the cost of employee and reason why cash wages haven't gone up. explosion of health care costs and it makes it worse. like the soviet union. the food was free but you couldn't get any. >> all of the chaos with the sea of exchanges and busine