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FBN’s Robert Gray with an afternoon market update and the latest proposal from the Republican Party as part of the fiscal cliff talks.
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I'm Robert -- with your Fox Business brief house Republican leaders are calling for more than two trillion dollars in deficit reductions in their latest effort to avoid the fiscal plan.
The cuts would take effect over a decade's time.
They're also proposing to increase the eligibility age for Medicare and to lower the cost of living hikes in Social Security.
Meanwhile house Democrats are saying MF global blatantly misled -- -- on the firm's exposure to the European debt crisis.
Lawmakers are also saying -- should take regulatory action against the company.
The comments are in an addendum to the majority staff report on MF global that.
And research company comScore reports online sales rose 15% from last year.
Reaching nearly twenty and a half billion dollars during the first thirty days of the holiday shopping season.
ComScore says Smartphones and tablet computers continue to drive online sales.
And -- we continue our countdown to the closing bell with Lori Rothman.
