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Fiscal Cliff Stalemate

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  • Description

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

  • Duration 1:35
  • Date

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Had fiscal -- -- -- at a standstill Treasury Secretary Timothy Geithner over the weekend pointing a finger Republicans.

Saying they must agree to raise taxes in order to avoid going over the fiscal cliff rich -- in Washington with the latest -- As well they're stuck on this offer which the White House says is less of an offer and more of the same position the administration has staked out.

It's jobs bill and its deficit proposal from last couple of years more than -- half trillion dollars in.

Tax increases -- -- and a half dollars in tax increases 600 billion in spending cuts along with more stimulus spending and a permanent increase in the debt ceiling.

And on FOX News Sunday house speaker John Boehner called backed deal joke.

This flabbergasted.

I like him as he can't be serious.

But it put it I just never see namely like it -- got several weeks between Election -- -- and the end of the year.

And and three of those waited weeks have been wasted vote with though this mountain -- you've you've heard them.

For the first time I think in two decades now acknowledge that they're willing to have revenues grew up as part of balance plan that's a good first step but they have to tell us.

What do we do on rates and revenues that's going to be there -- for Republicans.

Hundreds of billions in spending cuts and tax increases begin in less than a month -- with these negotiations the two sides.

-- just about where they started still some aides say it's early to be moving to an agreement with plenty of time for each side.

To try to extract the best deal possible before selling it to their parties and selling their position to voters with that President Obama is hosting a Twitter question and answer.

Next hour.

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