Marketplace for Monday, December 31, 2012
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The fiscal cliff deadline is tonight -- we go over what will and will not happen if a deal isn't reached by midnight. We look at whether earmarks are to blame. Sarah Gardner talks to an unemployed steelworker about what happens to him if unemployment benefits expire on Jan. 1st. The Pentagon is preparing to notify its entire civilian workforce about furloughs they will encounter if the U.S. goes over the fiscal cliff. Meanwhile, getting consumers to “go green” has proven harder than marketers anticipated. And FEMA is still trying to figure out which damaged or destroyed properties to buy from Hurricane Irene.
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Richard Crowe, an unemployed former steelworker living in Ohio, talks about what it's been like searching for a job and what he would do when unemployment benefits expire tomorrow.