republicans and democrats remain far apart. and over the weekend, there was worry negotiations may actually fail. i think we re going over the cliff. it s clear to me they made a political calculation. before president obama and his team are demanding that they allow bush era tax cuts for the wealthiest 2% of americans expire. there s no way we can govern this country with those low rates in place for future generations. those rates have to go up. reporter: but republicans have drawn a line in the sand in raising tax rates. instead, signaling they re open to raising revenue by limiting the tax code. it s a major sticking point. holding up a deal. right now, i d say we re nowhere. reporter: president obama is looking for $1.6 trillion in new tax revenue over ten years. speaker boehner is offering half of that. there s $600 billion. the speaker says that s not enough. although he hasn t outlined what he thinks should be cut. if they can t avoid the fiscal cliff, it me
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