Fiscal cliff deal by the end of they year. Maryland congressman Chris Van Hollen talked with our darren gersh, and began with an update on the status of the talks. Well, the good news is that the president and the speaker of the house are now in facetoface discussions. Its always better to be talking than not. The other development is that increasingly Congressional Republicans recognize that the position that they had staked out is unsustainable. One of the arguments we hear from some democrats is that the fiscal cliff isnt really a cliff, its more like a slope and you could gradually go down it and the withholding from tax wouldnt kick in for a while and the spending cuts wouldnt hurt the economy for a while. Do you think it is good idea to go over the deliver and it is more of a slope. No, i think would be a mistake to go over the fiscal cliff because it could set in motion lots of things that could be a drag on the economy. That being said, i think if its clear that the parties wer
Fiscal cliff deal by the end of they year. Maryland congressman Chris Van Hollen talked with our darren gersh, and began with an update on the status of the talks. Well, the good news is that the president and the speaker of the house are now in facetoface discussions. Its always better to be talking than not. The other development is that increasingly Congressional Republicans recognize that the position that they had staked out is unsustainable. One of the arguments we hear from some democrats is that the fiscal cliff isnt really a cliff, its more like a slope and you could gradually go down it and the withholding from tax wouldnt kick in for a while and the spending cuts wouldnt hurt the economy for a while. Do you think it is good idea to go over the deliver and it is more of a slope. No, i think would be a mistake to go over the fiscal cliff because it could set in motion lots of things that could be a drag on the economy. That being said, i think if its clear that the parties wer
Tom good evening. Imom hudson. The fiscal cliff debate hits the floor of the u. S. House but not much progress is made. Warren buffett and others tell lawmakers to look for more money from the estate tax. Susie im susie gharib. Could another major bondbuying program be on the way . What we could hear tomorrow as Federal Reserve policymakers wrap up their twoday meeting. Tom ever wonder what goes into making those cardboard store displays . Tonight, we look at how one box company is using them to reinvent itself. Susie that and more tonight on nbr tom an agreement to ease the fiscal cliff may not be wrapped up and waiting under your tree for christmas. Senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. Not surprisingly, republicans say the president hasnt gotten serious about the talks. Plenty of outside groups are offering up suggestions. And as darren gersh reports, they include Warren Buffett an
President warned congress that he wont negotiate on the debt limit. The one thing that i think hopefully in the new year we can focus on, is putting a package like this together with a little bit less drama, a little less, and not scare the heck out of folks quite as much. Reporter but, with the sequester and other big spending issues like medicare on the table, striking a deal this year wont be easy. This is the best opportunity that were going to have to save our nation and do those things that we have to put in play. Reporter but theres not much hope for a sweeping deal this year. My suspicion is that we will you know, kick the can down the road on whatever we do in february or march, and it may be for a year, it may be for two years, but well be coming back to deal with issues like this in the nearterm. Reporter the investment market isnt putting much pressure on lawmakers to forge a longterm solution for the nations fiscal troubles, and some fear that could mean a real fix is stil
He wont negotiate on the debt limit. The one thing that i think hopefully in the new year we can focus on, is putting a package like this together with a little bit less drama, a little less, and not scare the heck out of folks quite as much. Reporter but, with the sequester and other big spending issues like medicare on the table, striking a deal this year wont be easy. This is the best opportunity that were going to have to save our nation and do those things that we have to put in play. Reporter but theres not much hope for a sweeping deal this year. My suspicion is that we will you know, kick the can down the road on whatever we do in february or march, and it may be for a year, it may be for two years, but well be coming back to deal with issues like this in the nearterm. Reporter the investment market isnt putting much pressure on lawmakers to forge a longterm solution for the nations fiscal troubles, and some fear that could mean a real fix is still very far away. The good news