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New signs tax talks in trouble as both sides ramp up attacks

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    Arizona Senator John McCain weighs in

  • Duration 7:46
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-- you are looking live at the United States capitol where we still have no deal everybody we're reporting live from the Russell rotunda building.

We're camera crews just wait and watch and hope to see a deal.

That does not appear to be imminent especially with the tone today it is.

So as you don't besides doing all the work I have to do -- fox and in this is superhero role where I try to cobble these guys together.

John McCain will be joining me shortly he finds this illustration to be way off when it comes to body types.

That's is his opinion I do wanna give you engage a -- a little more worry today normally when neither side is up blasting the other that's a sign of progress.

Presumably behind the scenes but both were taken to the microphone today.

To express frustration with a process that suddenly seems have gone -- -- -- -- The American people have to be scratching their heads and wondering.

Whether as -- president gonna get serious Republicans refuse.

Just touch one hair on the head of the wealthiest people and -- -- country.

All right so -- back to their talking points and we're back to no imminent deal.

And keep in mind you've heard a lot of did try to cobble together something by the end of the year the fact of the matter is that they would really have to do within the next couple of days given that.

Parliament -- procedures of this plays and things -- at a conference writing of those walls up way over my head towards a knot over this next almost had.

There a former Republican presidential candidate.

The esteemed senator from the state of Arizona John McCain senator -- you.

Nice to see you again -- out.

That -- rushers on -- yes they've is understandably marvelously like this month that's fine that's quite a little hurt -- did to see that you were not.

Judge as the sexiest man alive as.

-- -- -- -- But that's -- he -- so much alike feel this this separated runner up finish S senator and now you've deserted.

Let me ask you such -- that it didn't get your -- -- think -- deals of the day.

I do and I'm not too worried about the parliamentary procedures and all that kind of stuff because you guys do all right there you can always.

You can always override but it doesn't mean some urgency to it.

I just find it hard to believe.

That we're gonna push -- everything over this cliff just because I think the markets -- gonna start reacting you know a lot more about that and I do what I.

Without that -- -- staring -- already you're seeing businesses.

And you know early shelling and -- stop action -- -- get money dividends and some of that.

-- and nations take your money right now exactly taken.

Now so let -- what I really would like to see you know I don't mean be too partisan when I say this -- -- clearly partners.

Presence -- why not do what Ronald Reagan did what I do -- Bill Clinton did.

Call these guys over to the quality and women.

Over to the Oval Office and so mentally I would just say it was a well I think I like to see it you know I say you -- when you sit here until.

Midnight and we're gonna.

Lay things out and then we're going to be able come out and stand before the American people see we've reached groups say -- Reach an agreement approval ratings which would go from its now like 1011%.

Just below journalists of.

This stuff up all night I.

That it's just amazing video that makes one did not happening and it's -- -- back to equivalent Republicans are why would the president accessory I would.

The president spent yesterday out in Michigan and railing against something that the Michigan legislatures.

Gonna do.

When we're facing just a few days before going over the cliff I don't get it.

Unless the president thinks that he's gonna gain in the short term politically -- -- going over the cliff but long term he should understand.

That's historians put the blame for what happens in countries on the presidency United States suing they would make it short term gain and are popular blame congress I see I read these -- all the time.

But in the long line is that really helpful to the president's reputation.

Twenty or thirty years from now that they couldn't get a deal and push this country into another recession or at least -- short term.

Perceptions.

Harry Reid the majority leader was saying.

Very unlikely we would have a deal by Christmas the sensibly we're running candidates on the calendar so -- that's the case that he will bulls of the factors that.

Republicans haven't come up with specifics as to how they would raise an 800 billion in revenues are -- against returning to Clinton error rates -- would you be.

OK with that if it's a way of avoiding.

All the hoops they're going through to -- like -- I'm in favor.

Of most anything that would get and green.

But it seems to me why are we focusing on that narrow part of this entire scenario.

In other -- the tax rates.

Why aren't we also giving equal weight in the media and in our debates.

I'm the entitlements we know what the elephant in the -- -- -- scene tell it what you're donate democratic congressman I guess it is added I know -- -- I know what they stand.

But they're not the ones frankly were at the table right now.

Right now it is present Maynor and perhaps McConnell perhaps below -- -- that are there but right now those two are.

It's easy and really address it until Tuesday that the best case and Mary here's senators that.

Republicans agreed to hikes in taxes and it on the details with the promise that they're -- -- address spending next year.

Republican target they've been that way before in this.

Got some beach front property in Arizona for you if you if you would accept that -- I would not.

No I I would not because that's if you want to see that cuts or whatever now -- I remind you that in 1986 Ronald Reagan sat down with the Democrats and they had to deal.

And that was cut spending for three dollars for every dollar they raced in Texas guess what.

They raise the taxes they never cut spending so there is reason for us to be very cautious about that.

There's got to be a way through this and maybe it will take.

The markets starting to send a signal that we just in people taking actions in anticipation.

This right raising taxes every you know one economist doesn't believe that we are gonna go into another recession -- It's sort of -- -- worried about that of late maybe they think the field scored word they don't think it will be calamitous and you do you think that.

No deal is better than -- -- -- Today I -- again and I think he'll -- hobson's choice here.

I think the only thing you can do is to make a deal.

And I think the American people deserve it and if if we don't get it now -- who worry about the country.

I really do that.

I'm in discussions with people about this nuclear options -- discussion to people about the immigration.

Reform issue.

We could have discussions about this.

Democrats want to -- -- at least not.

The majority I -- but what do you see as it's really just sort attempting the other.

I know it's a game of chicken but I just don't believe that it's gonna happen because I don't think any of us at the end of the day one to happen.

For the country and by the way sequestration is also.

Looming out there as soon as is the first of January -- as well as soon as it's big for defense.

I guess in the words of chairman -- it's always darkest before it's totally black.

There's got to be noticed.

Senators John.

They -- horrible week.

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