Fox News
Expand
Browse All Video
Watch Live

You're watching...

Senate fiscal cliff deal goes to Republican-controlled House

Details

  • Description

    Mike Emanuel reports from Capitol Hill

  • Duration 3:58
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- a Fox News alert the fiscal fight now moves to the house after the senate overwhelmingly approving a last minute deal.

With the White House to avert tax hikes on most Americans but the fight is far from over the bill now goes to the Republican controlled House of Representatives where its future.

Is much less certain good morning I'm -- -- -- here in this special New Year's Day edition of America's Newsroom.

Happy about -- right -- and everyone at home I'm Heather Childers bill and Martha they are off this morning.

It was a knock down drag out battle to the finish between senate Democrats and Republicans.

India and the measure passed 89 to eight but with a mixed emotions on both sides.

I've said all along their most important priority was protect middle class families this legislation does that.

The class families wake up today.

To the insurance -- taxes won't.

It does not address the number one priority.

Creating good middle class jobs now secondly.

This proposal does not generate the revenue necessary for the country.

To meet his needs so it took an imperfect solution to prevent -- -- a -- from a very real financial pain.

But in my view.

It was worth the effort.

So the senator's chief congressional correspondent Mike Emanuel is live on the -- -- Mike the house is gonna get this any idea what the house plans to do it.

-- happy new year the house GOP leadership meets with its members about three hours from now.

They want to give their members a chance to figure out to study what is exactly.

In this package but we do not have any update in terms of when they could potentially take this up for a vote we heard from a member of the house GOP leadership speaking for himself.

But making it pretty clear he doesn't love this deal.

Ultimately this is gonna follow a working class people it's gonna harm jobs than it does nothing to do with our deficit.

And so I'm not terribly impressed by what the city came up with but I don't know much -- Republican colleagues you know they're operating with a gun and air had not.

I understand.

Utah Republican congressman Jason -- -- -- and emailed me this comment quote without substantial real first your cuts and spending.

I can't vote for the bill passed by the senate late last night so we expect to hear some of that from some Republicans in the house.

The question is how much of that -- The vote in the senate though Mike was pretty overwhelming a lot of bipartisan support even though everybody seems to be a little bit disappointed that they didn't get everything they want.

You're absolutely correct and there are a lot of people who think by that overwhelming.

89 to eight vote which is very hard to do in this.

Polarized climate here in Washington.

That that may help it in the house to show that so many senators.

Stop their necks out we'll wait and see on that but this was a deal hammered out by vice president Joseph Biden.

Senate Republican leader Mitch McConnell they worked the phones to the final hours as the nation was heading for the fiscal cliff.

Here is the senate Republican leaders closing argument.

Each of us could spend the rest of the week.

Discussing what a perfect solution would've looked like.

But the end result would have been the largest tax increase in American -- President wanted to attack and gracious but -- -- this imperfect agreement.

99% of my constituents -- -- institutions will not be.

-- those large.

And expect to hear that argument a lot in the coming hours as people try to sell this over in the house the bottom line is.

House Republicans voted extend all the bush tax cuts.

But Harry Reid never took that up -- so this is the only vehicle possible to avoid a massive tax hike.

For the entire country well we'll see what happens over the next several hours and I have a feeling you and I'll be talking again throughout the day -- -- the idea Mike Hsu against him.

Thank you.

Load More