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Negotiations Continue as Fiscal Cliff Deadline Looms

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  • Description

    FBN’s Rich Edson on the fiscal cliff negotiations.

  • Duration 1:41
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-- can it go makes the call.

So we -- about two weeks away from possible tax hikes for everybody they're still no debt deal but people.

At least are still talking the communication channels slightly open to a typical baby but we'll take it today President Obama John Boehner that once again.

So what happened there and are there any specific proposals that are gaining traction -- about what let's go inside about what -- -- -- jets and he's they're reporting in the latest rich.

Well this figure -- president are working with a framework it would cut spending by trillion dollars over the next decade and raise tax revenue by the same amount.

Great great increase on amounts of more than a million dollars.

And curbing deductions through a process congress would negotiate next year they're also discussing continuing in phasing out the payroll tax cut.

Extended unemployment insurance.

And possibly a major sticking point for Republicans.

Raising the debt ceiling.

The White House says negotiators are trying to configuring deal with Republicans that can pass congress and ensure wealthier Americans.

Are paying more.

Any.

Potential.

Agreement.

Would not only have to.

The lying with the president's principles it would require tough choices by both sides including.

The president and and -- including.

Republicans it will not be a deal that.

Any single person or either party is going to say.

Reflects exactly what they want it.

Has -- John Boehner is meeting with house Republican leadership now and he will address the full House Republican Conference tomorrow morning at their weekly meeting.

Back to you -- -- -- thank you very much thanks rich well.

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