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Parties remain divided over 'fiscal cliff' negotiations

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    Which side will 'blink' first?

  • Duration 2:12
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Say they are willing to show some of some willingness to compromise on taxes in a grand bargain to help the nation avoid falling off the fiscal cliff.

Senate Democrats though are refusing to negotiate taking a hard line against cuts to entitlements like Medicare and Social Security benefits.

So where does this all leave us we heard the president -- you're not a moments ago let's talk about -- Bob Cusack managing editor of the hill.

Is either side budging or blinking.

Right now Bob well if if any side is blinking right -- to Republican side because they're trying to wrestle with what they should give up bond.

On taxes whether that's increasing tax rates soar with holdings.

Democrats fresh off the election using that political capital.

They're saying more more is off the table you know in 2011 the president said everything should be on the table and that included entitlement reform now Democrats are saying.

Social Security we shouldn't mess with that's what senator Harry Reid said.

The president has backed him up on that.

Others are saying let's not cut Medicare benefits so it's going to be very difficult to get a deal and you know the more more members you talk to.

They're not -- about Christmas they're talking about New Year's Eve and as a deadline that they could be in Washington.

Theory go him one prominent Republican in the house Tom Cole of Oklahoma has more -- -- broken with his leadership and said yeah let's do what the president says.

Let's enact or preserve the tax cuts for 98% of Americans.

And come back later and negotiate about the rest that's essentially what the president just proposed in his White House appearance.

Any chance a.

That happened.

No no chances of that happening because it just doesn't have the votes in the house of with the White House but think that maybe they can get the votes eventually.

But there are nineteen Democrats who voted with the Republicans to extend all the bush era tax rates before the election so.

They just aren't the votes on and I think that could be trouble -- that has been shot down by speaker John Boehner and his lieutenants said this morning so.

I don't think that's gonna happen but couldn't be -- higher threshold possibly may be a million maybe a little bit higher than that that's quite possible.

The guessing game goes on which side blinks Bob Cusack in Washington Bob thank you.

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