Can Biden, McConnell broker a 'fiscal cliff' deal?

This transcript is automatically generated

Joseph Trippi to the discussion now he of course is former campaign manager for Howard dean's presidential run he is a Fox News contributor and knows well how things work in Washington.

So you've got Mitch McConnell the Republican leader in the senate.

Do -- a dealer trying to do a deal with Joseph Biden the vice president and I guess they served together for nearly a quarter of a century.

In the US senate what are the chances do you think.

I -- I'm John look they they are they have worked together for many years I think 23 years that -- that built up their relationships I think that they're really good chances of the two of them.

Coming to agreement but then there -- other -- blocks.

At some point it's got to go over the house and there's still -- question about whether speaker Boehner will let that vote occur.

I think he will and then then on top of that it there are other provisions missing.

Will the president.

Agreed to sign it so it is a very -- -- -- have to take place I think that that that both Vice President Biden in McDonald's.

Relationship.

May bring put enough of a deal together to get something.

Very small done it's -- -- -- this is not going to be a big.

A big -- it's going to be very -- just to get -- over the -- from going over the -- I think.

Well what we understand that senator McConnell and Vice President Biden have been talking about as a deal that would allow a tax increase on couples.

Making more than 450000.

A year and individuals making more than 400000.

Now.

From speaker -- plan B his number was apparently at a million dollars and he couldn't get support for that among his house caucus.

Well then that's salute the problem.

Here but then again there is what Peter was trying to do is get -- majority in the house the GOP majority to pass it would just GOP votes.

And -- that wasn't possible so we -- need to bring it to the floor what would happen under this scenario would be.

That that Democrats would have -- all both for this and there have to be 304050.

Votes on the Republican side.

Everybody else could vote against it on the Republican side the house -- forty or so votes.

Have to be there for -- yes the problem is Boehner has not been willing to bring a vote to the floor without a majority of the GOP.

Supporting it in the house.

That's known as the passer rule.

That you don't bring a vote to the floor unless you're the majority party's gonna pass it.

But if he if he -- that in lets it come to the -- I think the Democrat.

If it McConnell and Biden can come to an agreement I think the Democrats will be there the question will be will Boehner let it go through and if he does are there enough votes in the house on the Republican side to pass it.

Senator Rand Paul is speaking about it now I'm sure he's got a few interesting things to say we'll keep an ear on that let you know what he says.

Joseph -- good to have you on thank you thanks John happy happy new year -- year let's.

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Can Biden, McConnell broker a 'fiscal cliff' deal?

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