Are we moving towards or away from the 'fiscal cliff'?
All-Star panel weighs in
- Duration 6:02
- Date Dec 12, 2012
All-Star panel weighs in
Also in this playlist...
This transcript is automatically generated
President Obama and house speaker Boehner continuing to play and replay their roles in the Groundhog Day drama.
-- the fiscal -- that we're back now with our panels on -- and I gonna keep asking -- -- keep asking us until we don't have to ask anymore any progress tonight.
There wasn't much it sounds like there wasn't much at all.
I think they've won.
Possible way out that Republicans on this is to agree to something like the Buffett rule.
Which would set a minimum taxed 30% on millionaires and above and that we -- not raising rates on everybody.
That's -- -- risen up for a revenue that's seven you get back today spending cuts and what I found fascinating today was that you look outside what's happening.
In the internal negotiations and you see the kind of pressures on this White House.
Nancy Pelosi goes on -- assault about in an op Ed today about raising that age on Medicare.
We're not doing that absolutely off the table -- you see Jay Rockefeller senator Jay Rockefeller Henry Waxman in the house saying.
Do not touch Medicaid which by the way is -- in the states and squeezing educational money and school money.
So they've taken those off the table which leaves.
May be some cost of living adjustment on Medicare Social Security.
And and not much else so I think that's that's where we are right now.
Just from your reporting -- do you get a -- -- cardinals players -- troubling sign that.
Was the message of it closer meeting today where speaker Boehner said that of the members should leave their Christmas decorations up.
And that addition planned -- stay in.
I mean I think that one challenge for speaker Boehner here he's beginning to face.
Some -- rumblings of trouble on the right.
So far I think they've been able to do a pretty good -- sort of holding everyone together on this but.
Some -- members of the house Republican.
But pockets were very outspoken.
-- after this -- -- are meeting at -- reporters that speaker Boehner.
You know is responsible for this is not to negotiating -- hard enough so he has problems -- on both flanks but.
I think that -- -- think there's still time it's December 12 I guess so I think that.
By the end of the week you know if there isn't.
For some more agreement that's a problem but -- I still think both sides have the impetus to do something to get some type of an agreement to keep.
The clip from happening starter -- -- and these are.
And the president still have some rooms for agreement.
Before Prince Charles and I'm just asking about this mean Boehner raised that question you know and some of these in the -- asking for I couldn't get -- -- -- -- -- If he can make a deal is with the president's gonna still be painfully vivid as one point four trillion -- new revenue.
Kenny -- a for the house and how much dangerous the end of those in the speakership.
If he doesn't stand firm and -- to the president.
I think he could be in a fair bit of danger here.
And the question is and if he's willing to get some into the house without having a majority of his caucus for this -- pastoral if you will mean speaker pastor would never bring something through must there was a majority of Republicans are supporters aren't you the majority a majority the majority so I think.
Of course -- speakership but could be.
Threatened here one of that kind of side stories of this -- -- turn Washington is the majority leader.
I'm Eric -- it's been not is front and center in these negotiations at all is he waiting in the wings to help things out.
Is he waiting in the wings to -- to be their speaker -- falls that's it it's one of intrigue here but does speaker Boehner is committed I think to doing this -- -- it costs in the speakership.
At some point -- my guess is that you know so be it.
Really that's attributed isn't his up preferred.
If -- the course here but he's been washing a long time and I think he sees how a real problem.
Assess our Fox News has a new poll out tonight -- some interesting results let's put them up on -- -- When people -- what's the best way to deal with the deficit 69%.
Site not surprisingly raise taxes on the wealthy that doesn't affect them 65%.
Cut government workers 56%.
Call for changes to Social Security 51%.
Raise the eligibility age for Medicare so there's a lot of support for all the top managers here.
And when it comes to entitlement reforms 46%.
Favor major cuts even if it's gonna hurt.
Could be tough on people including 59% of Republicans while 40% site.
Keep the funding and just past the debt onto our children including 52% of Democrats Charles.
-- -- -- -- -- Let me start by saying they're asking us every day for a daily update on the cliff.
It's like covering every day two largest ten K you know tortoise.
Authorities say is advanced than that playing -- the other -- he's got a full show.
Obama is running out the clock in -- polls it is clear that you can look and find find support for any position you want.
Yes the strongest support is for raising taxes on the rich so that's -- -- but remember the Republicans.
Caved on that on the day after Election Day and offering almost a trillion in revenues.
And you do get people saying that that's not enough by ten to one in the poll.
They say but you -- also have spending cuts and that's who were Obama is running out the -- you give.
As mean indicated some prominent Democrats saying we're not gonna move on the major issues and any kind of entitlement reform and you get the president offering about half a trillion in cuts over ten years now this is a government.
That's gonna spend over that the decade about a 45.
And is gonna have about already has sixteen trillion in -- is offering half a trillion in cuts.
That serious and unless Obama.
Moves on that nothing is going to happen we're gonna go over Niagara Falls.
Well I'm not going to be here tomorrow brought thankful it will be back but I might guess this is gonna ask about the -- that tortoise race and was ahead -- -- neck it's neck and neck right.