This program is 29 minutes long
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(Washington: Wyatt Andrews) The warning from the Tax Policy Center about a sharp rise in taxes for American families if the president and Congress don’t reach a budget deal by December 31 examined; fiscal cliff tax increase examples cited; details given about the looming expiration of tax cuts.
(Studio: Scott Pelley) Report introduced.
(Studio: Anthony Mason) The impact of Europe’s shrinking economy on the US economy examined; scenes shown from Spain of police clashing with protestors angry over austerity measures; unemployment rate in the Euro zone cited; statement from Fitch Ratings about the threat from the fiscal cliff quoted. [Federal Reserve Board chairman Ben BERNANKE – says we’ve seen headwinds coming from slowing trade.] [Eurasia Group president Ian BREMMER††- says no one’s started to address the issue of bringing the Europeans back to growth.]
(Studio: Scott Pelley) Earlier discussion held with IMF director Christine Lagarde†† about the slowing world economy. [LAGARDE – notes the factors of uncertainty are the global uncertainty and the fiscal cliff and debt ceiling; says the US would go back into recession if we crossed the fiscal cliff and it was not addressed shortly; says the housing market picking up is a sign the situation is improving.]
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(Studio: Scott Pelley; Denver: John Dickerson) Republican complaints about the polls and the differences in the national and battleground state polls discussed.
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(Washington: Bob Orr) A visit to the Terrorist Screening Center that contains the nation's top secret terrorist databases presented; scenes shown from inside the facility, where remnants from terror strikes are on display. [Director Tim HEALY††- comments on the terrorist watch list and the no-fly list; says we average 55 encounters with known or suspected terrorists every day.]
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(Irving, Texas: Anna Werner) A piece of the Affordable Care Act going into effect today that penalizes hospitals for excessive readmissions for patients recovering from heart failure, heart attacks or pneumonia examined; details given about how hospitals will forfeit Medicare reimbursements. [Patient Phil EKLOF††- comments on the help he gets with follow-up care.] [Dallas-Fort Worth Hospital Council Stephen LOVE††- notes the challenge for hospitals that serve low-income populations.]
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(Los Angeles: Jon LaPook) Emergency landings for 2 American Airlines planes when seats came loose noted; animation shown; pilot-dispatcher transmission played.
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(Concord, Massachusetts: Jim Axelrod) High school soccer player Nico Calabria††, who was born without a right leg and hip and plays soccer on crutches, featured; photos shown of him at the top of Mt. Kilimanjaro at age 13, skiing, diving and playing volleyball; scenes shown of him wrestling and his soccer goal that has become an internet hit. [CALABRIA – says his disability doesn’t define who he is; says the forearm crutches give him the opportunity to be as mobile as he wants to be; says he just wants to be seen as an equal.] Nico’s debut with the US Amputee Soccer Team noted.
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