we all have our ideas and in the senate, you re right. we probably another 40, 50, 60 of saying that we re ready to both raise revenues and control entitlements. when s the missing ingredient? it is presidential leadership. i think in the end we ll get a deal. the question is the timing. am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. it s pretty apparent that we are not going to do what we ve been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. let s bring in our man at the white house, peter alexander standing by. pete, we just got word the president it appears is making some sort of smaller offer at this 3:00 meeting. any idea what smaller might mean? reporter: it s a good question, craig. actually kelly o donnell reporting some more of this from