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DeMint leaving Senate for Heritage Foundation

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    Surprise announcement from GOP lawmaker

  • Duration 5:23
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I was here -- -- the Republican Tea Party senator from South Carolina will leave his position in the senate.

And take a job Heritage Foundation.

It's news just crossing right now -- -- timing is perfect he's live in DC right now Robert good morning to you.

Don't demands that -- guy who came out of comment -- states.

You know you could argue that's where the Tea Party was founded in the first place it was cut spending make it may make government smaller and and now this only after a couple of years what do you make of it.

This is a this is a big deal and actually -- surprise frankly many people inside Washington believed dead Jim dement.

Might actually try to run for president at some time some believed it was going to be last time some believed he might even -- -- -- -- for 2016.

So this announcement that he is leaving.

His post as sender of the junior senator.

From South Carolina.

And it will take over at The Heritage Foundation.

Conservative think tank here in Washington.

That's a big job and Heritage Foundation.

Puts out a lot of things as you know.

And holds a lot of events here in Washington.

And he is departure means that South Carolina governor Nikki Haley.

Will name a successor too will have to run and a special election in 2014.

But.

She'll name a successor and then you also have Lindsey Graham who of course is running for reelection.

In 2013 so South Carolina we'll have to mean.

You know potential openings here you have Lindsey Graham running and then.

Nikki Haley naming a successor for demand who's leaving in -- nor.

You know -- -- for a statement here and trying to figure out.

The reason why.

And that will be forthcoming okay now that's just breaking.

This is ongoing there will be a fiscal -- so don't worry about anything.

That would know Clinton saying he told an audience to Sacramento that all the warnings of doom and gloom -- just feeder political theater quote now.

The American people are going to be sick when they -- -- but is just a Kabuki dance that sort of like two dogs that.

-- each other over a piece of meat there sniffing each other out.

And quote.

Always colorful.

Yeah is that what's going on.

Well there's been a lot of sniping here in Washington and I don't know if they would they like what they're smelling down here on either side.

On the deal yet people have been describing it like that some people said it's like a scorpion dance you know they're kind of stalking each other and waiting to get in that room and make the deal.

Erskine Bowles said something similar that both sides can't really talk about what it's going to be because they would get pummeled.

By the base.

If either side really knew what they're going to in the end agree to.

That's the hopeful optimistic side that a deal will be reached.

There's another side that says.

This isn't as close as as those optimists believe and that this is going over the -- and I think.

There's 5050 chance right now.

And and on that point Treasury Secretary Tim Geithner.

Was asked about it asked whether or not you know the US would go over the cliff and whether or not we be ready for here's what he sent us.

Is -- administration prepared to go over the fiscal cliff taught salute you again we see is no prospect for an agreement.

That doesn't involve those rates going up on the top.

2% of the wealth -- -- members only 2%.

Now he did not blink.

That's the Treasury Secretary.

-- they talk like that.

It's really unique and in this Treasury Secretary is very loyal to this president I mean to register his -- -- but he is up.

He is saying essentially that.

Did tax rates going up are essential.

That the money is not essential that that the dollar figure is not essential that the rates going up.

Are essential and that's just -- and you know -- going over the cliff comes with a lot of a lot of things that could affect the top 10% of -- -- that had 10% unemployment tax rates -- everybody going higher.

What what are you hearing on the house side.

Among the house Republicans whether or not they're behind the speaker but -- they're pulling away from him where does that stand do you believe.

You know there are some on the house side that have a lot of concerns about.

The tax rates and that he's that the speaker -- cave.

But you you're starting to see some real stiffening.

Of Republican resolved at least that's what they're talking about.

That the speaker is starting to get everybody in line.

And that they're lining up behind him.

And that says this is forming up to possibly.

Stand strong in whatever deal he comes to now.

That comes to a point where if he's going to raise rates I think you might lose some some.

Members of the house Republicans.

And the votes how do you get those votes that's the bottom line how many Democrats you can pull over if you go that way or whether or not they stand united.

The dramas out there Brett we'll see you later tonight okay six -- -- and special report banks -- Well there's a.

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