Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Fiscal Cliff Meetings Appear Encouraging

Details

  • Description

    FBN’s Rich Edson on the meetings between lawmakers today on the fiscal cliff.

  • Duration 1:58
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

In the meantime President Obama meeting with congressional leaders.

It helps of course is reaching a compromise to avoid what else the fiscal cliff it's our talking about these days -- -- now from the White House rich out of the law makers -- to -- Well they sound very encouraged on this one lawyer but still not offering very many specifics this early on we do have a ways to go but house speaker John Boehner.

Did offer a framework according to an eighty says that the framework would have tax and entitlement targets revenue targets spending target set.

This year in the next couple of months and then congress would work out the details in 2013.

And both leaders from both parties in both houses.

Say it's time to get to work.

While we're wreckage -- their Brothers -- on the table.

-- big government.

We'll provide conflict goes to show the American people we're serious.

About cutting spending and it's all good.

Our fiscal -- doing now.

So -- -- for a little longer than an hour here at the White House and while much of the talk was positive after the meeting it's worth pointing out.

But they're still really aren't anything close to specifics right now.

Coming from anyone in all of this senate majority leader Harry Reid in.

House Minority Leader Nancy Pelosi didn't really.

Mentioned entitlements it all after their meeting in Senate Minority Leader Mitch McConnell highlighted the fact that his conference in the in the senate senate Republicans believe.

That this country does not -- -- taxing problem.

It has a spending problem so while it might be encouraging.

There -- students still two very different beliefs on how to address this problem is they move forward.

-- say staff will continue working as the president is out of the country he goes to Asia Chamorro.

And through all of this Democrats or Republicans say they'll meet back here at the White House after the Thanksgiving recess.

Back to you.

Load More