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Behind the Scenes Talks on Budget Deal

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  • Description

    FBN's Charlie Gasparino argues legislative aides doubt any budget deal before Thanksgiving.

  • Duration 4:38
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It's so President Obama might not want anything to do bankers can bulls but some member of the -- apparently do Charlie Gasparino on behind the scenes efforts.

-- by -- can both in his debt reduction partner Alan Simpson to craft a budget compromise and avert the dreaded fiscal plan we should point out that.

They -- Bowles and Simpson sources tell fox does network are meeting with legislative groups to craft the potential deal -- going members of congress saying.

Here's couldn't you know here's what we think you should do here's how the -- here's how it should work but here's the problem.

This steal whatever is being done here is being here is basically being held by very tightly by the leadership it's Boehner Paul Ryan.

Cantor Mitch McConnell on the Republicans as Pelosi Reid on the on the democratic side and you know there's very little at any -- very little involved with anybody else so that's the one from that cripples and and and -- -- have this is being basically being held very tight with the leadership obviously they know people in the leadership.

So it's unclear exactly how much how much influence these guys still have.

Even with Republicans -- tend to really like Erskine -- -- ounces and as you know the President Obama.

Wants nothing to do with either from he's -- holding fast is sort of plan which is.

Get those top rates up we should point out that when a dog and a legislative aides today to tell me no deal.

No deal this week okay ain't nothing before Thanksgiving and here's the question when after Thanksgiving now that this is what they think who knows maybe.

You know the good mortal intervene and you know -- you know.

-- -- the -- I guess you can you can do a budget deal but or at least get an extended or maybe something but it did when I'm here and it's not happening and he is a real you really should guys.

The pressure on these Geist mountain as tech as Christmas comes why is that.

Huge selling season this is huge for the economy if everybody believes their taxes are going up meaning of fiscal cliff across the board tax cuts.

Tax increases that's going to be real profit for the -- for the economy and I'll -- the leadership knows that so.

Once Thanksgiving is over.

The clock starts taken big time for these guys and they know the -- is really -- so as I'm saying it as they say there's a lot of stuff -- lot of moving parts.

You have bulls trying to work with the -- congress he got yet the administration sticking to its guns.

On taxes you -- you have Republicans.

Almost conceding right now.

Of tax increases and I'm telling you the name didn't thing that I keep hearing.

Is millionaire's tax you make a million dollars that's where those operates really kick in because you know 250000 dollars family of four.

In -- Long Island and quite you know Warren Buffett levels.

Far from -- so that's what we are right now.

It's a moving target and the other thing is it's being closely held its its hard to squeeze.

Squeeze information out of people right now is -- chance that it hurts these corporation there's not that much they have an inherent like -- -- the details at this point out now they are well.

I mean there there are active negotiations among those among the leadership the so now when you saying I don't think that assessments -- I don't think.

I don't think -- Boehner Citi.

There ammunition and say hello she's on the other -- on the other out of again Pelosi don't know attacked taxing the rich he's don't know -- -- -- they're -- yeah well I think I don't.

Much as somewhat -- our coverage at I -- even Steve Moore picked up on it is creating another sequester.

Korea and and that's -- just push it out yeah we're gonna do it again at baker crowd are now.

That -- sequestration -- can tell -- if you want to submit that that that that's gonna happen that would be a good thing but now let me ask you this candidate if they if they kick it down the road right right the tax -- the tax rates stay in place.

That wasn't addressed -- that's the big thing -- anti terrorist attacks and protect jungle is certainly everything point and a veteran and -- -- exhale.

Let the new congress.

And yes it's.

For the new congress is almost -- -- congress -- minus I don't hear you this that if I was just to give and he is policy makers a break because we're still so heated in this you know you know I I will say this the the last downgraded matter much.

This January at a point that it make this.

A downgrade could mean could -- mean who knows but I'm just saying it we will no longer have a split -- US will be officially below triple -- and when that -- you know financial contracts.

You know operate differently the world markets.

Might become a little more unglued and that is a sort of pressure that forces legislatures -- to work together.

I will say this though you would -- based on that list.

What we heard last week late last week -- sort of semi compromises in the air you do get the feeling that Bowles and Simpson are.

In the middle that is that there about compromised -- about cutting a deal and getting through this so we'll see that are very and I -- -- -- thanks so much economic they would I'm getting from yeah.

You don't believe -- not.

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