You're watching...

Democrats and Republicans on Same Page?

Details

  • Description

    FBN's Rich Edson on the latest on fiscal cliff talks.

  • Duration 1:22
  • Date

Clips

Also in this playlist...

Markets Now

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

But up part of the rally -- cold coming on some good vibes so after Friday -- president Obama's meeting with congressional leaders fiscal cliff talks at least getting.

Under way -- Judson is live from inside the beltway wet and very long Red Hat hey rich.

You know it is because even if they reach a deal the one process gaining traction would set up.

Even more negotiations on taxes and entitlements next year and that would be step to.

Democrats or Republicans are still stuck on step one that's the White House wanting a down payment to tax rate increase.

On families earning more than 250000 dollars a year.

Republicans and said yes to revenue increase is no to a rate hike and on top of that they want entitlement reform.

All -- even looking for at this point is a raise of an eyebrow or a head fake or any thing.

At all that acknowledges that this these entitlement programs.

Have to be part of the mix.

Simply transferring.

Costs.

-- to individuals.

Does not address the fundamental pro.

-- Democrats.

And the Democrats say they know both sides have to give up something in these talks they never really mentioned entitlements specifically after -- White House meeting.

Aides -- staff members are meeting this week preparing for the next high level White House talks loosely scheduled after Thanksgiving.

Back to you loosely scheduled -- rich thank you very much sir and.