he s been in regular contact with staff members in washington who are monitoring the super committee s progress, and the white house says the president continues to hope that the group will do its job and come up with a proposal that is balanced and fair in terms of spending cuts and tax hikes. kelly? four days away, certainly crunch time for the super committee. molly, thank you so much. and as the clock is winding down for that 12-member bipartisan panel, what happens if the super committee fails to come up with a deficit plan? will both parties pay the price? joining me now for a fair and balanced debate, fox news political analyst angela mcclowen and fox news contributor doug shoen. angela, are you suprised there s still such a huge gap on this super committee? would you have expected at this point with so little time left they d be tweaking a plan they
specifics of what happens, doug. let me ask you, as we look at the 2012 elections, if an agreement is not reached, will the voters actually will this resonate with them? and how much of a benefit would it be, and to whom if an agreement is reached? sure. well, look, i think there s a plague on both your houses. angela s right to say that. at this point the republicans are seen as more intransient than the democrats. we began in the spring with a grand bargain of $4 trillion. we got down last week to $1.2 trillion from pat toomey, and yesterday only $600 billion from speaker boehner. and we re going in the wrong direction from the republicans, a party that s seen at intransigent. president obama is stang away from it. this will ultimately wrong to the democrats advantage. there s no glory to be gained from anyone. what if they ask, they come back, the super committee, and
they say we need an extension of the deadline? what s the impact? if they get an extension of the deadline it would help them. they need to come to an agreement. i think if they don t, if they don t ask for an extension in 2012 you are going to have an anti-incumbent raid on these members of congress. doug, it s going to hurt republicans and democrats. the american people are tired of the blame game. the american people are going to blame congress as a whole. it sure sounds like there s a lot at stake, not only for our economic future, but their political careers. we ll watch and wait. thanks to both of you. angela and doug, always great to talk to you. thank you, jamie. kelly? breaking new developments on the u.s. reportedly getting ready to slap tough new sanctions on iran. the latest response after a report from the u.n. s nuclear watchdog group, accusing iran of developing nuclear weapons. peter ducye live in washington with more.