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CNBC's Melissa Lee reports Senator McCain is indicating the sequester could be delayed for about 2 months, according to Reuters.
The House will not vote on the fiscal cliff tonight, and the deadline is hours away, with CNBC's John Harwood and the Fast Money traders; and Cliffs Natural Resources is the best stock performer on the S&P 500 today, however the worst performer year-to-date, reports CNBC's Courtney Reagan.
Senate Minority Leader Mitch McConnell goes to the floor to say a deal on the major tax aspects of the "fiscal cliff" is very close and should get a vote, even without an agreement on spending. (2:27)
Even if a deal gets done, taxes will go up for many high-income people, reports CNBC's Steve Liesman.
Sean Egan, Egan-Jones Ratings Company, explains how long term deficits and debts impacts GDP and economic growth.
Rick Santelli says it looks like any "fiscal cliff" deal won't do much at all to reduce the deficit. (3:56)
Diana Furchtgott-Roth, Manhattan Institute, and Robert Johnson, Institute for New Economic Thinking, debate what it will mean for the U. S. economy to go over the "fiscal cliff."
CNBC's John Harwood provides details on a potential "cliff" deal in the works. And, Grover Norquist, Americans For Tax Reform president, weighs in on the "no-tax" pledge and "fiscal cliff" negotiations.
The "Squawk on the Street" news team reports on the market-moving stories of the day. Also, CNBC's Eamon Javers has the latest details on "fiscal cliff" negotiations. And Joseph LaVorgna, Deutsche Bank chief U.S. economist, explains how going over the "fiscal cliff" will impact the U.S. economy.
Sen. Bob Corker, (R-TN), provides the latest details on "fiscal cliff" negotiations in Congress.
Sen. Ron Johnson, (R-WI)), discusses his frustration with lawmakers failing to reach a "fiscal cliff" deal and why government has become "too large and intrusive in our lives."
Rep. Chris Van Hollen, (D-MD); and Rep. Tom Cole, (R-OK), weigh in on what it will take to bring each side of the aisle together on a "fiscal cliff" compromise.
"The 'fiscal cliff' is not some sort of disaster. It was put in place to create a basis for solving a problems," said Daniel Arbess, Perella Weinberg Partners.
Jared Bernstein, Center on Budget and Policy Priorities, explains why we'll reach a "better deal on the other side of the cliff," with Tony Fratto, Hamilton Place Strategies.
Rep. Tom Price, (R-GA), discusses several of the sticking points preventing a "fiscal cliff" resolution among lawmakers.
Greg Jones, BookKeeping Express CEO; and Darin Harris, Primrose Schools COO, explain how "apprehension and fear" are impacting small companies and their employees.
Jack Ablin, BMO Private Bank, and Stanley Crouch, Aegis Capital, discuss what going over the "Fiscal Cliff" means to investors as well as how people can protect money.
Dan Greenhaus, BTIG chief global strategist, forecasts what he thinks going over the "Cliff" means for the markets. Todd Schoenberger, LandColt Capital, also offers his opinion on where the markets are headed. Are we looking at extreme austerity, even if the country doesn't go over the "Cliff"?
CNBC's Brian Sullivan looks at the various "Cliff" scenarios and what's likely to happen if Congress can't find agreement. Rick Santelli looks at what the "Cliff" means to the bond markets and the dollar. And is debt an even bigger problem? With former Senator Judd Gregg (R-NH) and former Governor Ed Rendell (D-PA). Entitlements, they say, will have to be adjusted.
CNBC's Eamon Javers talks with Kevin Yoder (R-KS) about the ongoing "Cliff" discussions and the impact on global markets. Tony Fratto, Hamilton Place Strategies, and James Pethokoukis, American Enterprise Institute, discuss deal possibilities and what has a chance to pass the House.
Introducing Morning Squawk: CNBC's before the bell news roundup
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