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Now Playing: 11-14-12 Marketplace

In today’s press conference, President Obama talked about his ideas on how to fix the fiscal cliff. The state of Texas has enough signatures to go to the White House to secede from the United States. With the aftermath of Superstorm Sandy still looming, many companies are using the storm as a cover-up for their lost in sales. California is holding its first auction of carbon permits, launching its cap-and-trade system. Austerity strikes are going on across Europe. One stop shops Walmart and Costco are beginning to sell something a little different: home mortgages. And Freakonomics Radio's Stephen Dubner talks the hidden side of mass transit.