Fox News
Expand
Browse All Video
Watch Live

You're watching...

'Fiscal cliff' looms as 'Plan B' fails

Details

  • Description

    Mike Emanuel reports from Capitol Hill

  • Duration 2:49
  • Date

Clips

Also in this playlist...

Latest News

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

President Obama -- to press ahead on a solution before the January 1 deadline.

The White House releasing a statement saying the president will work with congress to get this done and we are hopeful that we will be able to find a bipartisan solution quickly.

That protects the middle class and our economy.

Chief congressional correspondent Mike Emanuel live on Capitol Hill for us now so where -- discussions go now Mike and what happened to plan B.

If that if it would John good afternoon to you all indications are that the focus shifts faxed to the talks between President Obama.

And speaker John Boehner to try to hammer out a deal one would expect there may be a phone call or meeting at some want to talk to aides on both sides of Pennsylvania Avenue and they don't have anything to.

Announce at this point but you'd.

Would expect that the two would get back on the phone or meet at some point ask for what went wrong well here's the speaker.

Merits of the perception.

Created that that that vote last night was going to increase taxes.

-- I disagree with that what that.

Characterization of the bill but that -- that impression was out there now we had a number of our members.

Who just really didn't want.

To be perceived as having raise taxes.

And speaker of course.

Also wanted to get the United States senate -- -- I've been talking a lot of senators here up on Capitol Hill and they basically basically been observers in this whole process and so speakers calling on Harry Reid the senate majority leader to get engaged in the process.

And try to be a helpful.

Person in terms of getting a deal done.

-- -- a ball seems to be in the senate court that according to the speaker.

He sounded like he was -- a pretty good mood it is his job really in jeopardy like some people -- saying.

Well I've talked to a lot of Republican members today and they say the speaker still enjoys broad support from the rank and file of the Republican membership there are forty or fifty depending on the vote -- who.

Don't agree with this idea of compromise and trying to find a deal with the Democrats and so.

They say he still has a lot of support I will -- today it was -- important visual to see him walking with.

Eric Cantor the majority leader last year when the speaker had to swallow a bad deal is who is viewed as a bad deal for Republicans.

He came out to a press conference by himself.

And that seemed to be -- kind of of the lonely man standing at the podium today he was with the Republican leadership so at this point at least all indications are.

His speakership is solid.

We'll see moving forward.

And we'll see whether the president or anybody in the -- -- the senate steps forward with a deal that.

Well both houses of congress can can accept.

There yup Mike Emanuel America capitol building Mike thank you picture well.

Load More