we believe this isn t a revenue issue. this is a spending issue. house republicans also called their members back to washington for work this sunday. that was after democrats blasted speaker boehner for their absence just yesterday. mr. speaker, we ought to be here. working. addressing these challenges. we are here in washington working. while the members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. meanwhile, some analysts say the washington waiting game is already dampening the economic outlook. take a look at this. consumer confidence has now hit the lowest level since august. according to a report from the conference board. so new year s eve is usually one time when everyone can cheer together. let s be real. if congress drops the ball before the ball drops this year,
president. i think he said this morning that the president has just not come far enough, in terms of spending reductions, and that s what we really what the problem is and we need to make some progress on it. bill: republicans are hot on that spending issue. we are learning the president has threatened a veto on the speaker s so-called plan b. where are we now? shannon bream is on the hill. what is the latest from there? what are you picking up? reporter: well, bill house g.o.p. plead tkers are planning tplead tkers areleaders are planning to move ahead with a vote tomorrow. essentially what they are going to do is gut the bill and vote on two amendments to the bill. one they are calling the pelosi plan which would kill tax hikes for those makes lens $250,000 a year. that is the primary piece and vote on plan b which would be an amendment that would basically stop any tax hikes on those making a million dollars or less. republicans for now say they
families in newtown, connecticut. as a father i cannot even imagine the utter horror that those families are going through right now grieving the loss of their children and their loved ones. as far as the fiscal cliff is concerned as the speaker said we remain committed to trying to minimize the impact on hard-working families and small businesses in this country, as far as tax increases are concerned. we look to find the answer to solve the problem on the spending issue here in washington. the president is not yet there, he has not come to where he needs to be in order for us to push through a bill that really does begin to address the problem. and as the speaker said, that s why we are now discussing and alternative plan if the president and the white house cannot come our way. thank you.
with the president, we re going to also move plan b. i think we all know that every income tax filer in america is going to pay higher rates come january the 1st unless congress acts. we look to find the answer to solve the problem on the spending issue here in washington. the president is not yet there, he has not come to where he needs to be in order for us to push through a bill that really does begin to address the problem. and can as the speaker said and as the speaker said, that s why we are now discussing an alternative plan if the president and the white house cannot come our way. reporter: so republicans insist they are going to continue to negotiate in good faith, but they re concerned that the president hasn t compromised enough on real series spending reductions serious spending reductions, has them offering not a new counteroffer, but a plan b should negotiations on the overall deal break down. and that, they say, would deal only with the tax cuts. the white house
their children and their loved ones. as far as the fiscal cliff is concerned, as the speaker has said, we remain committed to trying to minimize the impact on hard-working families and small businesses. in this country, as far as tax increases are concerned. we look to find the answer to solve the problem on the spending issue, here in washington. the president is not yet there. he has not come to where he needs to be, in order for us to push through a bill that really does begin to address the problem. and as a speaker said, that s why we are now discussing an alternative plan, if the president and the white house, cannot come our way. thank you. and owe eric cantor and speaker boehner talking about what we had mentioned at the top. hour that they are having a plan b that would make sure these