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Morning Business Outlook: 11/28/12

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  • Description

    Fiscal cliff has Wall Street worried?

  • Duration 1:21
  • Date

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Good morning the economic reports on home prices durable goods and consumer confidence we're better than expected but the market could care less.

Instead the focus remained on the fiscal -- And comments by senate majority leader Harry Reid -- lawmakers are still a world apart on how to solve it.

At the closing bell Tuesday the Dow fell 89 points.

Student loan debt could be the next housing bubble the proportion of student loan balance is unpaid for at least ninety days.

Jumped to 11% in the third quarter surpassing that credit cards for the first time ever.

According to the Federal Reserve Bank of New York what's worse the delinquency rate is likely much higher since many student loans -- their grace periods.

Half a billion dollars that that -- at tonight's powerball jackpot.

It's the second highest prize in -- history your chance of winning one in a 175.

Million.

But you'll never now unless -- try and trying folks are more than a billion dollars in ticket sales is expected.

He'll need the winnings if you're flying somewhere for Christmas airfare is up 8% over last year days to avoiding -- December 22 23 and 26.

New Year's flights are up two by 5% over last year according to travel site Orbitz and kayak.

That's business for more light on to foxbusiness.com.

In New York online Cincinnati.

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