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Transcripts For CNNW Starting Point 20121205

Our starting point this morning, president obama putting his foot down. He says no tax hikes for the wealthy, no deal. America hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans cant come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. Heres what he told bloomberg news. Listen. Were going to have to see the rates on the top 2 go up and were not going to be able it to get a deal without it. We start this morning with White House Correspondent dan lothian, hes in washington, d. C. Okay. So whos got the ball in their court at this point then, dan . Well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. We expect that House Republicans will keep putting pressure on the white house to engage, push for more details on

Transcripts For CNNW CNN Newsroom 20121205

Until the fiscal cliff. And i know you know that already, but guess what, folks . The deadline for congress and the white house to act, to stop the tax increase and punishing spending cuts, that deadline is coming up quicker than you may realize because did you know, Congress Plans to end its current session on december 21st . Check your calendar as we did today. Thats two weeks from friday. That means that under congressional rules any agreement, any legislation to fix this whole mess would have to be filed here by december 28th. Heres the kicker. The president currently plans to leave town the day before that, on the 17th of this month. So the yearly obama trip to hawaii is set to start a week from next monday. You feel me here . See where im going . The window closing faster than folks think. What are our decisionmakers doing right now . Among other things they are apparently sending signals through the media. Republicans saying time to get moving. The president saying there is a de

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