'Fiscal cliff' talks at a boiling point?
Will either side cave in tax battle?
- Duration 4:07
- Date Dec 19, 2012
Will either side cave in tax battle?
Also in this playlist...
This transcript is automatically generated
-- Good evening I'm Bret -- the battle over how to avoid going over the fiscal cliff ramped up today as both sides were long on rhetoric and threats.
But short on actual movement.
If negotiations go up on in smoke as you might imagine both President Obama and speaker Boehner insist.
It's the other guy's fault.
-- White House correspondent Ed Henry sorts out all the action today.
As he announced Vice President Biden will spearhead the administration's response to the mass shooting in Connecticut.
President Obama was hit with a series of questions about the fiscal cliff.
If this past week has done anything it should just give us some perspective.
And at least twice he use the gun tragedy plus super storms -- any to sell his budget plan when you think about what we've gone through over the last.
A devastating hurt him.
One the worst tragedies.
In our memory.
Help the country deserves.
Folks to be willing to compromise on behalf of the greater good.
In private just minutes before the news conference the president's top aides charged the budget talks are -- apart.
And pointed the finger at speaker John Boehner saying his push for a -- -- has shut down negotiations on plan a a major four trillion dollar deficit deal -- the president tried to tell the public it should not about him but they keep on finding ways.
To say no as opposed to finding ways to say yes.
I don't know how much of that just says -- -- -- It is very hard for them to say yes to me that was shortly after the president had suggested well it was about him.
Is winning reelection message about taxing the rich we had -- extensive debate about this for a year.
And not only does the majority of the American people agree with me.
About half for Republican voters agree with the elements after the president's 35 minute news conference Boehner responded in just over fifty seconds tomorrow.
All the house will pass legislation.
To make permanent tax relief for nearly every American 99 point 81% of the American people.
Met a president we'll have a decision to make.
-- call on a senate Democrats to pass that bill war.
He can be responsible for the largest tax increase in American history.
-- is facing a big problem with his plan that would raise tax rates only on incomes above a million dollars.
Despite claims by GOP leaders it's not even clear he can get most of his conference to support.
Any tax hike I think what we saw here earlier was really an act of desperation.
It didn't look like me a person who had the -- and the president hesitated when asked if he trust Vader to sell a final deal to conservatives sometimes.
They may not see an incentive.
In cooperating would -- In part because there were more concerned about.
Challenges from a Tea Party candidate as if on cue two hours later a group of conservatives excoriated Boehner.
It had a warning for Republicans who support his plan.
My answer is about challenging putting primary -- is yes if the Republicans.
Support this tax increase.
They will lose control of the house and that's -- -- fourteen elections.
Brent Bozell charged leader is missing the point that the real problem is spending everything has been a step -- -- for the Republican Party.
Everything has been a piecemeal surrender.
Now at a meeting here at the White House late this afternoon business leaders Treasury Secretary Geithner and other top White House officials pointed out that Boehner is latest plan has no spending cuts.
No entitlement reform and would leave the unemployed about two million unemployed without benefits.
Early next year I'm told that Geithner and others ward of major market turmoil if they don't get a big deal the next few days -- At -- -- on the north lawn Ed thank you.