each other are. we have a pretty good sense of what the differences were. we got close at one point. and frankly, i think then some members were pulled back by their colleagues when they found out how close we were. interesting hearing senator portman say they were close at one point. the differences, no surprise, raising taxes, what to do about those health care entitlements. but republicans do say that there was bipartisan agreement on corporate tax reform, lowering the rate to 25% and making sure that every corporation paid taxes. we will see if that resurfaces at some point. shep? shep: mike, they led us all to believe that there was a plan, that all these cut attention were going to go into face, if they didn t do a, b is going to happen. what is that, more hot air? that s right. the $1.2 trillion in cuts set to kick in, which is why you think the super committee members may be meeting. there is great concern for the pentagon about the 600 billion or so due to come out of th
out front tonight we re live from washington as ee get ready for the big debate tomorrow night. there s a super failure tonight. such failure that the leaders of the super committee didn t even face the press. they issued a statement. which read in part, despite our inability to bridge the committee s significant differences, we end this process united in our belief that the nation s fiscal crisis must be addressed. they didn t say by someone else. but they kind of did. they agreed on one thing that they who had the mandate to do a deal with a simple majority would all kick the can down the road. even though we are in a crisis. that is pretty audacious. super committee, you had the power as they say, if not you then who? if not now, then when? the super committee was told to cut 2.6% of the budget over ten years. that s it. 2.6%. and they couldn t do it. the president did approach a camera to say he would veto what john mccain had suggested, which was to halt the automatic
suspect just before he built his first bomb. let s go outfront. i m erin burnett. out front tonight we re live from washington as ee get ready for the big debate tomorrow night. there s a super failure tonight. such failure that the leaders of the super committee didn t even face the press. they issued a statement. which read in part, despite our inability to bridge the committee s significant differences, we end this process united in our belief that the nation s fiscal crisis must be addressed. they didn t say by someone else. but they kind of did. they agreed on one thing that they who had the mandate to do a deal with a simple majority would all kick the can down the road. even though we are in a crisis. that is pretty audacious. super committee, you had the power as they say, if not you then who? if not now, then when? the super committee was told to cut 2.6% of the budget over ten years. that s it. 2.6%. and they couldn t do it. the president did approach a camera
be coming a lot sooner than expected. molly hennenberg tracking all of that for us live in washington. molly, is the actual deadline tonight? hi, jamie. that s really the first deadline in order to have a vote on wednesday, that s in compliance with the law. lawmakers would have to get the agreed upon deal to the congressional budget office or cbo by midnight tonight so the number crunchers can do the math and estimate the deal on the deficit and the cbo would get it back to the super committee by late monday and those lawmakers would have the required 48 hours, that s required by law, to go over it before they vote on wednesday. jamie? jamie: what about the mood of the super committee members. now they ve come out and talk on some of these sunday morning shows, do you get the mood that they re going to compromise or given up on coming up with a deal today? they haven t given up. working on some last minute compromise, if possible. as the republican co-chair of
committee and the group is required by law to make the plan public and submit it to the budget office. that pushes it to this coming monday . many of the super committee members say it is not feasible. it is helpful at this point and obviously no one want to quit until the stroke of midnight as you can see by my presence. we are hopeful but i don t know at this point in time. if the super committee fails, it would trigger automatic spending cuts that go in affect in 2013 and defense spending taking the hardest hit and billions to medicare and other government programs on the chopping block too. some in congress will try to change the laww. it would not be fair oir true to say this is not a surprise. we have seen grid lock in washington before.