Oh, there are so many different facets to this, tom. Can i just say that the process part, and i know im not supposed to talk about process, but it makes me uncomfortable. The same people that were there 18 months ago in that room in the white house are there again. They did not come up with a very good idea in august of 2011, and we have to expect Something Different this time. But the American People in their wisdom retuned the same players to the same positions in the last election, so we will deal with what we have to deal with. I do, you know it is important to pot out that these are gointo be revenue bills which have to originate in the house of representatives under our constitution. The senate has a bill that the house passed in august, and this was a bill to extend all existing tax policy for an additional 12 months. The senate cou take that bill, amended if they wish, and send it back to the house. The white house cannot just simply develop a revenue bill and ask both houses
Moments ago, president obama saying he still has hope. Im optimistic we may still be able to reach an agreement that can pass both houses in time. Senators reid and mcconnell are working on such an agreement as we speak. And as we speak, rich edson is live in washington with the very latest. Well, its up to the senate. Staffers and a majority leader harry reid, Minority Leader Mitch Mcconnell are trying to negotiate a scaleddown debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. Again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend longterm Unemployment Benefits. Senate leaders are using that framework to try to craft a proposal to pass both houses of congress. Aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, a
Moments ago, president obama saying he still has hope. Im optimistic we may still be able o reach an agreement that can pass both houses in time. Senators reid and mcconnell are working on such an agreement as we speak. And as we speak, rich edson is live in washington with the very latest. Well, its up to the senate. Staffers and a majority leader harry reid, Minority Leader Mitch Mcconnell are trying to negotiate a scaleddown debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. Again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend longterm Unemployment Benefits. Senate leaders are using that framework to try to craft a proposal to pass both houses of congress. Aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, an
Moments ago, president obama saying he still has hope. Im optimistic we may still be able to reach an agreement that can pass both houses in time. Senators reid and mcconnell are working on such an agreement as we speak. And as we speak, rich edson is live in washington with the very latest. Well, its up to the senate. Staffers and a majority leader harry reid, Minority Leader Mitch Mcconnell are trying to negotiate a scaleddown debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. Again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend longterm Unemployment Benefits. Senate leaders are using that framework to try to craft a proposal to pass both houses of congress. Aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, a
Moments ago, president obama saying he still has hope. Im optimistic we may still be able to reach an agreement that can pass both houses in time. Senators reid and mcconnell are working on such an agreement as we speak. And as we speak, rich edson is live in washington with the very latet. Well, its up to the senate. Staffers and a majority leader harry reid, minority lead Mitch Mcconnell are trying to negotiate a scaleddown debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the fuure. Again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend longterm Unemployment Benefits. Senate leaders are using that framework to try to craft a proposal to pass both houses of congress. Aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and e