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But the cbo. the congressional budget office figures out exactly what something costs or how much money it may save. then the bottom line they need to find pay fors for automatic spending cuts that are due in the new year to defense and domestic programs. still a leading senate conservative says, he is weighing his options. you know, i want to see the details. and we ll see. so, you know, it s just we have gone through a lot in the meeting and i want to settle back and, you know, understand the details of it a little bit. we have the debt ceiling that s coming up soon. and i want to think about how this and that tie together and the timing of it. is he not alone. i have run into other senate republicans who say they want to get a good look at the language. they want to get a good look at whether the promises that they were told off camera away from the paperwork are delivered in the paperwork ....
Hurdles to go, trace. republicans were none to please on what they called a campaign rally the president had today. white house officials insist the president was just sort of restating his principles in this whole deal. republicans saw him with middle class families here at the white house. they were cheering and applauding when the president said look, we re always goods to have a balanced approach as long as i m president and i m going to be the president for the next four years. it sounded like a victory lap to republicans. and that s why they teed off. take a listen. it s time to stop the campaigning. the president won. we politically. and they say inside the white house if republicans really did want to have null spending cuts, included in this deal, ....
Sequester. those automatic spending cuts that are supposed to hit the economy this year or this upcoming year. there are democrats that have issue. senate democrats have not signed off on this framework yet. with that, vice president joe biden is scheduled to come to the hill to talk to senate democrats. he negotiated this deal with mitch mcconnell. still there are senate democrats some of them who say this tax plan favors the rich. if we re going to have some kind of a deal, the deal must be one that really does favor the middle class. the real middle class. those that are making 30, 50, $70,000 a year. that s the real middle class newark. america. as i see this thing developing, quite frankly, as i have said before, no deal is better than a bad deal and this looks like a very bad deal the way this is shaping up. some other senate democrats we have spoken to here on capitol hill say, look, it s not everything we wanted but it s a good enough compromise we should move forward wit ....
Let s assume it passes the senate. what about the house? i talked to abulbasher of in republicans up on the hill. today, yesterday, before, saying they think to get this through the house they need a strong bipartisan vote in the united states senate. that will show that a lot of republicans in the senate are sticking their necks out on this deal that, yes, does raise income tax revenue, but they also feel like it does important things to keep the country from going off the fiscal cliff and so, the wild card is what the house republican also do but they think the senate can give them a little bit of cover if it s a strong bipartisan vote in favor of this package, trace. mike emanuel life for us on capitol hill. mike, back to you as the news warrants. traders on wall street seem to like the progress that lawmakers made at least earlier today. that gave a nice boost to our 401(k) s. take a look how the dow performed. you can see the spike beginning around 1:00 p.m. as ....
Expecting any from the republican side either. talking to a lot of folks on the gop side, why are you having this vote. it is now over 30 times we had some variation of this vote. and the reasoning is that i spoke to folks had a involved in the gop leadership say look, we want every single independent out there, if you look at the polling, a lot of independents are very much split on the health care law or are against it. we want every single independent out there in the united states to know republicans are the part in favor of a all-out repeal of the health care law. we want to imprint that in people s minds. that s why we have done it so many times. it is also a great red meat for our base. we want to continue this message of republicans equal repeal and go ride that all the way into november. they do feel it is a winning issue for them, chuck. what are we going to hear from boehner and pelosi today? expect to hear the fiery rhetoric from boehner we have seen all along withi ....