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Former Sen. Chuck Hagel Emerges as Lead Contender for Sec. of State

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FBN’s Adam Shapiro on reports former Sen. Chuck Hagel is Obama’s lead pick for Secretary of State.
Duration 0:56
Date Dec 13, 2012

This transcript is automatically generated

And -- of failure Fox Business briefing continues to be a down day for the markets after house speaker John Boehner said spending.

It was the issue preventing a deal on the fiscal cliff negotiations right now the Dow is down 76 months.

Fox News reports former Republican senator Chuck Hagel has emerged as the leading contender.

To become president Obama's pick to serve as secretary of defense and that's according to several Democrats -- been briefed on the process.

The same sources tell Fox News that Senator John Kerry.

Is now being -- -- within the administration.

Has a more likely nominee for secretary of state.

Over Susan Rice the current US ambassador to the United Nations.

A new study suggests this Christmas travel season could be the busiest in six years.

AAA predicts more than 93 million Americans will hit the highways over the holidays that's just 400000 people shy of the record which was -- in 2006.

We continue our --