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Republicans Send Counter Offer on Fiscal Cliff Deal to Obama

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  • Description

    FBN’s Rich Edson on the latest in the fiscal cliff negotiations.

  • Duration 1:43
  • Date

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This transcript is automatically generated

Is -- your time we've got a -- is we have some breaking news right now spokesman.

House speaker John Boehner has announced.

But the house GOP has sent a counter offer on the fiscal but -- -- to President Obama let's go right to rich ads -- For more on this breaking story rich.

-- say this is an exchange of partial proposals here to try to get the ball moving a little bit after some -- -- impasse over the last few days in this is basically.

An offer that -- house Republicans say they have just sent to the White House but there are still major differences here this is from a Boehner spokesperson saying.

The longer the White House slow walks this process the closer our economy gets.

To the fiscal -- that is a major business lobbyists she's out there telling us that right now the discussions are focusing.

On process.

-- you do -- not necessarily substance so there are no details on what these offers exactly state.

They're not even really getting out on Capitol Hill right now so we're still watching to maintain but again you've got to -- exchange -- impartial offers at least.

Coming out of the White House and from house Republicans but they still remain.

Fairly far.

Pardon rich you are you have been right in the heart of historic from the beginning to you does this feel like progress what's your pain.

Anything at this point feels like progress put.

They are still stuck on the major problems that have dogged them for the last couple of years basically not just the last couple of weeks problems with spending cuts problems with -- entitlements for Democrats.

Problems with tax revenue for Republicans on the other side.

There's no movement it seems towards that right now but again details are very very spin on this -- it's something -- Richardson thanks so much -- turn.

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