Clock Ticking Down on Fiscal Cliff Deal

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Or is this morning -- -- toward the fiscal -- that are still going in will be for some time it looks like.

You do have the clock ticking down -- you do have reportedly an offer on the table at least.

-- from the White House and what this now.

On the telephone to discuss all of this is our friend Juan Williams Fox News political analysts and none -- serious offer by the way this that's being reported one point six trillion in taxes.

Forty billion its spending on entitlement cuts from the White House want.

I think they're down bear -- -- -- -- currently.

This is not that -- proposal would Democrat but yet to get serious about.

The spending -- met all the Republicans -- fear that they want there were.

Both Democrat and specifically the president to take some of the political weight and that they're going to be you know what there's going to be some cost politically.

Are saying I expand kind making current entitlement to ease the president that we do -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- More aggressive this time kinda holding out for some of these things.

Well I think what recourse through is the necessary practice it's like a ball game having me you're gonna go -- -- The -- expecting -- Republican had been at the president.

You know have to do -- up our deficit reduction.

-- -- what they call a down payment okay it's a bit players have some of that and it.

But this is largely.

I think our street you -- -- for everything from a democratic candidate which is why I think thought the senate democratic leaders who worked.

In the meeting along with Tim Geithner the Treasury Secretary.

They were happy -- they bait belt is that there was no pain that I -- What do you Botswana I mean some of the concern on the GOP -- that Democrats are gonna stop until they get both tax rate increases.

As well deduction cuts.

Well they're they're gonna have to be some increased.

Along the line already if somebody's gonna have to pay a little more and especially.

It's alluded to -- to -- -- mortgage interest deduction which is a sacred cow for so long is now on the table at risk of being cut.

For.

Yeah well I think yeah right that's true -- effect effect -- -- -- pretty much current but I mean Republicans will will.

Scientists some of those -- you know -- they're -- this year we are Republicans understand they don't have as much Weber says -- annually.

Re elected President Obama -- But the question is if he's willing to pay the price in terms of some of those bigger entitlement cut.

That would then allow the Republicans and especially the house you know Tea Party Republicans to say this is the best possible deal we could get and I don't think they -- anywhere near that there's.

I Juan Williams with us here on the the best of Imus this morning -- is the subject just a little bit talk about the other.

Favorite kind of back and forth in Washington the president will put in his new I cabinet specifically whether or not it goes forward with the nomination of Susan Rice the UN ambassador to be secretary of state.

Think you will.

You know my bet is that John Kerry is gonna number weren't big -- -- and I think that's been true for some time.

By Putin right obviously is both predictably -- -- And the president -- good barker and we have learned he thinks he's done a good job and that that performance that beauty is not a problem for him.

But I think it's due to price is likely to end up in another job.

You know I think she wanted to -- -- if you want to be the UN passed secretary before she wanted.

To go -- and peace secretary of state and and she was disappointed that I'm I think.

The likelihood is she -- -- Kerry becomes the nominee.

When -- say he'll be secretary of -- -- and Susan -- sends up.

-- first call -- -- -- on the new good asset questions and doesn't look like the president's backing down politically if he were to do that just the way this whole thing has played out.

Number one and a number two how this is right -- of and another job would motivate.

Well I don't think it looked like -- -- down to the country I think he could make indicate that you stood but I do it right bid by his.

Is candidate in a moment.

Crisis when she was under fire is that a bit -- arm and he'll make that based.

I think if you state -- rather have -- -- Over -- national security advisor even think of current and interest being.

I'd -- other cabinet post -- you know I I know you know I think I'd -- -- been hurt.

You know I hear people's David duke and -- the -- I think that because of the -- character -- and much more than because they think -- hearing any income incredible work.

One big picture is the credibility.

Of Washington better or worse would you say that it was.

Just over summer ago if you well -- The whole budget debate really came to the forefront as to whether or not raise the debt ceiling at that time obviously was -- but that's -- the sequestration was.

Put into effect right so how do you say regular everyday Americans are are viewing their leaders in Washington DCB states.

-- you know that they can't we get federal election and I we -- also had a big crowd Black Friday.

You know Cyber Monday spending spree and I think that's an indication of consumer confidence being pretty hard right now are -- In both cases and in terms of the fiscal -- I think people are optimists and think that dumping his way to get that it.

You look at Wall Street over the -- -- -- -- -- to think something is going to get current request because what get dark.

-- that -- of the opposite just kick the can down the road they create the so called police to take them.

Beyond the December 31 deadline and diplomat -- three or six extra months expand via the debt limit.

Is that what get there and investigate that but what disappointing and I think people will think well okay but what happened that -- So yeah -- at the -- I think.

Given that that the ability to come from a rate of recently passed election and that hard -- leveled the confidence and economic performance.

Open on main street to Wall Street I think people are.

A little more confident this storm but it all both penniless right you know -- people just aren't sure -- that bad that anxiety is not have.

-- one always great I'm sure the -- -- authorities in but thanks rob and I'm with us as replicated.

Now I'm delighted that appear to -- well it daycare had to -- line.

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Clock Ticking Down on Fiscal Cliff Deal

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