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Detailed text transcripts for TV channel - FOXNEWS - 20121228:23:39:00

cuts. saturday the senate will take the day off to formulate some sort of deal. back in association on sunday is the house at house at 2:00 p.m. to consider the deal and avoid fiscal cliff. bring in panel. fred barnes, executive editor of stand stand. kirsten powers and sindcated columnist krauthammer. what do you make of this? moldestly optimistic. they work out a deal before. they did when the talks over the debt limit fell apart. they can do it again. they can raise the income level for having the taxes raised. president offered $400,000 rather than $250,000. $400,000. people over that pay more last week. got it to $500,000, i

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