Tension over spending cuts remains high
Where do Democrats stand on the issue?
- Duration 4:45
- Date Nov 29, 2012
Where do Democrats stand on the issue?
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New developments tonight in the fiscal cliff negotiations Republicans are pushing back hard.
Against President Obama and the Democrats over what will be yen whatever deal they craft to avoid the implementation of automatic spending cuts and tax increase.
-- White House correspondent Ed Henry is live tonight with details good -- at.
And I we've got some new details of exactly what Treasury Secretary Geithner laid out to Republicans in this big meeting earlier today.
Not a lot of detail on spending cuts Republicans believe but they Republican aides tell our Mike Emanuel.
That there were there was a lot of detail about new tax -- one point six trillion dollars in new tax increases.
From new -- to capital gains dividends as well also new spending started with about fifty billion dollars next year.
Although the White House scattering it that's just a leftover stuff from the president's American Jobs Act not really new spending nonetheless Republican aides on the hill saying this is a complete non starter to them a White House -- I just spoke to said.
That this is not new this is the president's original budget framework going back to September of 2011.
They say inside the white out tonight the real problem is Republicans will not give in on new tax increases for the -- to the bottom line is tonight we are still hopelessly.
Optimism faded as Treasury Secretary Timothy Geithner arrived on the hill ahead of Christmas without bearing any gifts -- the specific list of spending cuts speaker John Boehner wanted -- to bring.
Leading the Republican to declare the talks are going nowhere.
Not in where we are and disappointed on what happened well over the last couple weeks -- here or are trying to resolve it.
And I would hope the White House would answer was well the driver of that anger is the fact that yesterday the president flatly declared -- he -- tax changes now spending cuts can wait and and it would give us more time.
Then next year to work together.
-- -- comprehend a plan to bring down our deficit White House spokesman Jay Carney go broke new ground by declaring today the president does in fact want spending cuts listed it is budget plan to be included in the fiscal cliff -- Can you also hold of their budget look in the camera and save your fellow Democrats on Capitol Hill.
Full -- includes some of these spending cuts and -- this deal -- for the fiscal cliff because that's not what they're doing right now should be included.
And I think it and I noted Democrats.
Except that they're asked that -- -- -- it.
A balanced package that includes.
Revenues and cut spending cuts -- months ago that budget carting held up was voted down by the entire senate 99 to zero meaning no democratic support.
And earlier this week the number two Democrat in the senate Dick Durbin is -- major spending cuts from entitlement reform.
Will not be part of these talks.
While house democratic leader Nancy Pelosi has been noncommittal about whether cuts will be in the deal really.
Still the administration is trying to breathe life into the -- With Vice President Biden shopping at a new Costco and Washington picking up a big screen TV and it apple pie and insisting he's optimistic of the deal.
I have a I -- -- -- -- -- -- shot down a political report that a phone call last night between Boehner and the president was Kurt.
Noting it was 28 minutes long and productive and signaling the president is flexible on taxes by not being specific on that new rate and we'll say that -- And -- -- deal.
-- -- Top -- going up.
Now that means that race should not necessarily for hires not answer I have to go up to 39 point -- like in the Clinton days could be 37 or 38 meeting they might.
Goose that to try and jump started deal with the Republicans meanwhile Bloomberg reports that Treasury Secretary Geithner has been saying look this guy will fall if we fall off the cliff.
But in fact he actually has the power to freeze.
Paycheck withholding levels -- -- of the regardless of how.
Reese changed which means they can actually staunch the bleeding from falling off the fiscal cliff if in fact that happens.
And former presidential candidate Mitt Romney was at the White House today what can you tell about that -- it's interesting it was relatively brief deadlines were told on the menu with Turkey chili and not a lot of business president did have a specific job offer anything for Mitt Romney and after the White House.
Put out a statement saying they both pledged to keep in touch -- the opportunity arises down the road which sounded a lot like.
Not so much -- did Vice President Biden bring by the apple pie he -- construct a statement -- that for a celebration if in fact be ever get a deal with it and thank you.