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CNN Radio News Day: November 8, 2012
America faces a looming fiscal cliff
November 8th, 2012
04:30 PM ET

CNN Radio News Day: November 8, 2012

CNN Radio News Day is an evening news program providing an informative, thoughtful and creative look at the day's events. It's posted Monday through Friday at 4:30 pm ET.

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(CNN) – Welcome to CNN Radio News Day.

Here are some of the stories we cover in today's edition:

  • Now that the U.S. presidential election is over, Congress will soon get back to work.  Topping the agenda – stopping the U.S. from plunging over the 'fiscal cliff'.  That's the tax hikes and spending cuts that will automatically go into effect next year if President Obama and lawmakers can't cut a deal.  If that happens, CNN's Jeanne Sahadi says the nonpartisan Tax Policy Center estimates 88% of Americans could see some kind of tax increase  next year:

"Someone making between $40,000 to $50,000 might see about a $2,000 increase. Someone making $65K  might see something closer to $3,500."

  • For months much of the world's attention has been focused on the U.S. election, but another world power was also deciding its leadership.  China's Communist Party began the process of appointing a new generation of leaders today.  Dr. Kenneth Lieberthal, a senior fellow in foreign policy at the Brookings Institution, says thousands of senior officials are attending the 18th Chinese Communist Party Congress:

"It is a very big deal, especially because every 10 years there's a major turnover of leadership.  And we are now at one of those 10 year meetings."

  • College is often thought of as a time for expanding minds and easing into adulthood.  But it's also a dangerous time for some.  A government-funded study found that 1 in 5 women face sexual violence while in college.  Three seperate investigations are taking place right now in Missoula, Montana – home to the University of Montana.

"They're (federal officials) trying to act like they care more about women than we do – which is baloney," says Missoula County Attorney Fred Van Valkenburg.

soundoff (One Response)
  1. Alfonso Islas

    Obama will end up carrying USA-recession of the 30's, why? by Lael Keynesianism still applies (economic theory proposed by John Maynard Keynes) – which governs the world today – is essentially an effort to apply the principles of physics to a level that is not governed by physics, but by the ability of humans choosing, subject studying Austiaca School of Economics and its modern version, the New Economic School austrica, headed by Professor Antal E. Fekete.

    November 8, 2012 at 6:35 pm | Report abuse |
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