i don t mind. but does that help lose weight? yes. i don t know how or why, but apparently it just kind of you shed. excellent. keep at it, do what you got to do. but first, the budget crisis looming once again. president obama is suggesting a short-term fix this time. it s a way to put off huge cuts to the military, as well as to domestic programs, all those cuts are set to go into effect in a few weeks. abc s karen travers has the latest from washington. good morning to you, karen. reporter: good morning, rob. good morning, diana. deja vu all over again. another deadline and president obama is telling congress if you can t get something big done, just get something done. kick the can. it s now washington s favorite game. with yet another major deadline looming for the massive automatic spending cuts, president obama said if congress can t get a big deal together by
top two senators reached an agreement. gregg: mike emmanuel live in washington. thanks very much. be sure to watch fox news sunday tomorrow. chris wallace talks fiscal cliff with u.s. senators lindsey graham and diane feinstein. check your local listings for the times. arthel: with a possible agreement being worked on behind closed doors to avoid going over the fiscal cliff, one casualty could be the defense department. severe financial cuts could hit every branch of the armed services. peter doocy and minutes examines. he did not say the word sequester. it would automatically cut more than $100 billion from the budget next year, half from domestic programs programs and m defense programs. as the deadline draws close, experts are looking at them from a national security aspect and warning about their impact on
there. this is steve rattner, jim. i ve been with some of those people who have been in the room, and i don t come away quite as optimistic as you do. the framework you ve outlined i think is the sensible one, is the logical set of compromises that everybody s talking about. but then you get past some of those headline numbers, and you say how do you get that 1.2 trillion of revenue, what happens on rates, on deductions? and i don t sense that they ve made any real progress toward narrowing that gap. the republicans are still saying we re not going to increase rates even though i think most of us think in the end they ll go up by something. the president s saying he s not compromising even though we assume he ll compromise by something. and then you get into these other cuts, and i think while there s an acceptance of the need to deal with medicare, you ve still got to do another $1.5 trillion of discretionary cuts out of defense, out of other domestic programs, out of things democra
another chairman max baucus told the newspaper in his home state the wish list for the debt talk includes more money. tax credit for wind farms in montana, protecting rural hospitals and ending the estate tax. others are going further urging the president to allow the nation to dive off the cliff with the automatic touch to pentagon cuts to pentagon ib stead of to domestic programs. on the question of leadership, the white house aides say the past weekend, the president called both senator reid and speaker boehner to get things going. there is a talk of a immediating at the white house later this week. ed henry live on the north lawn. thank you. stocks were mixed. the dow lost 42. nasdaq gained ten. they are still trying to find a deal for bail-out money for
not just the defense budget, no. domestic programs will be impacted as well. with $500 billion in cuts, some of those are the very programs that disproportionately impact women and their families. it includes 2300 national health research grants. almost 100,000 kids losing headstart services and 80,000 losing child care assistance. add medicaid cuts and which may have to be yielded to get republicans to concede to tax hike. nearly one in ten women between 18 and 64 rely on medicaid for health coverage and social security that entitlement support. about three in ten women, age 65-plus. without it, half of the women over 65 would live below the poverty line. these issues are huge. they may further negatively impact the futures of mothers and daughters and granddaughters. politicians immediate to take heed. if these issues which are key to