the balance that the president insists be part of a deal. harry reid today warned his colleagues that he s expecting to be back to work on december 26, the day after christmas, on the fiscal cliff. we ll see if that moves them to action. john. john: so is there a rough outline of a deal here? i mean what, can you tell us about that? yes, we have gotten a sense of a rough outline, according to the sources close to speaker boehner. here is a look at it. $1 trillion in cuts. $1 trillion in revenue. and immediate down payment and legislative process through next year. it could also include the debt ceiling increase, unemployment insurance, the doc fix, the payroll tax cut, and tax extenders and so everybody is saying this is a broad outline burks the real sticking point seems to be the tax revenue issue and again, the associated press reporting moments ago there is a new offer on the table from the president. john? john: mike emmanuel at the
generally don t do things until the last minute. the last minute is fast approaching. my members still think they can get something done. shepard: tonight some super committee members are talking about a way to at least kick at least part of that can down the road. mike emanuel is live on capitol hill. let s guess. maybe the tax increase part? that s right. shep. the tax revenue issue is amongst the toughest issues they are facing. republic co-chairman congressman general hence hensag says how about if the committee sets the revenue goal and then you have the relevant congressional committees battle it out down the road? here is a super committee democrat s reaction. i m open to a two-step process. it could be a multistep process. so long as it s clear where we end up and quite honestly, the answer to that question about where we end up will be given by the congressional budget office. the point is he is essentially for it as long as