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Transcripts For KNTV Early Today 20121127

Elsewhere on capitol hill today, its back to the bargaining table for lawmakers facing a yearend fiscal cliff. Yesterday the white house took a hard line insisting tax rates have to rise on the rich and warning that anymore delay on the deal could ruin Consumer Confidence and hurt Holiday Retail sales. Nbcs tracie potts joins us from washington with the details. Tracie, good morning. Reporter good morning, lynn. Today well see a continued push by the white house. In fact, for the rest of this week, new details released this morning, still pushing for those taxes on the rich. Meantime, here on capitol hill were seeing some small signs of compromise. Today president obama meets with Small Business leaders continuing his push for higher taxes for the wealthy. A new xhous economic report warns if tax breaks go away, the average middle class family will owe uncle sam another 2200 next year. It seems to be the thing we can agree on, that middle class families should see an extension of these

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Transcripts For MSNBCW First Look 20121127

0 security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. there s going to come a point in time where we can t borrow any more money, and interest rates are going to skyrocket. this congress is already one vote away from avoiding the fiscal cliff. reporter: one vote with key players still far from agreement. no word yet on when the next white house meeting might take place. lynn? tracie potts for us in washington, thanks. last night on hardball, republican senator tom coburn told chris matthews about his vision for averting the fiscal cliff. take a listen. there s no question we can have the rich pay more, but that won t solve our problem. i agree. and with that comes negatives. the real problem is is you ve got an entitlement system that s out of whack, and the demographics are exaggerating that. and you ve had discretionary spending increases, you know, the budget of this country this year is twice what it was 11 years ago. and a good portion

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