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Fiscal Cliff Stalemate Continues

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  • Description

    FBN’s Peter Barnes with the latest on the stalemate in Washington over the fiscal cliff.

  • Duration 2:05
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And a stalemate in the big surprise but while President Obama says the only thing holding up -- dailies quote a handful.

Of Republicans here we go again -- abounds in Washington with the latest on the stalemate data.

It's right ash is that that's bigger bear -- A stalemate quote let's not kid ourselves for punctuation but that -- -- and the president were both out in front of cameras today to try to convince voters that both of them are are ready to keep talking.

I'm willing to more flew forward in good faith.

Our regional framework still stands.

Instead of raising tax rates we can produce similar amount of revenue.

Reforming the tax code to close loopholes.

And lower tax rates.

This is not.

Some run of the mill debate this is about.

Which political party can come out on top in negotiations.

And all of us are gonna have to get out of our comfort zones to make that happen.

I'm willing to do that I'm hopeful that enough members of congress in both parties.

Are willing to do that as well.

As you know yesterday secretary Geithner presented the president's plan.

His marker on all of this two Republican leaders demanding one point six.

Trillion in new taxes over ten years or families making more than -- 50000 a year.

He does includes about 400 billion dollars in.

Cox.

In savings in Medicare Medicaid and other entitlements over that period president also wants to extend the current payroll tax cut.

Four workers for -- the year that would -- about a hundred billion and his proposed billions in new stimulus measures including fifty billion.

For new infrastructure spending -- the president's gonna.

Keep up the pressure on Republicans to cave.

In events next week on -- going to be meeting with the governors with some governors and then on Wednesday he's gone back.

To the CEOs he's gonna talk to the business roundtable which is made up of 200 or so corporate CEOs actually interest.

All right thank you very much -- -- bonds in DC on the latest in action.

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