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All right we're back here on fox this is -- talk more about these fiscal -- fox.
Talks to mean there's not much hope at this point a lot of people tell you after that vote did not happen last night one Williams joins us now.
To talk a little bit more about where we go -- they say that because in the markets obviously are showing some concern this morning one we've reported on it you down well over 150 points throughout the morning.
On the Dow futures we'll see how the day goes on Wall Street a lot of people around which makes it even more scary in some ways -- volume will be -- but what about the politics.
-- which is your area of expertise.
What's gonna happen next.
Well this is there's a -- press conference that this morning with speaker Boehner and he is already sent the troops home for Christmas so the question is.
What does he do -- is he now simply say I don't have a plan I'm not gonna negotiate any part of the because I don't have the support of my caucus.
And we're gonna have to go back to the caucus and find -- where they are before read read starting negotiations the president or.
This is the new plan B Connell does he go to the president say let's see what we can do let's put together a deal because time issue right.
And then possibly rely on democratic votes in the house.
To pass a deal that he makes with President Obama.
The latest from the Republican caucus this morning is that there about half maybe more than half of the Republicans.
Who would vote with what ever deal speaker Boehner comes up with if that's -- case with democratic support.
He can get a deal but it will cost him dearly.
Going forward how when he's got to rely on the totality of his caucus to gain reelection as speaker of the house tonight and we're saying his.
My take on and -- -- saying this throughout the morning is that the markets aren't necessarily down because everybody's convinced there will be no deal.
They're just concerned they don't know what's gonna happen next minutes -- it's not clear there's a real debate here.
In my view as to whether this -- last night's events makes it more likely that we'll get a deal.
Or less likely it could very well make it more likely because it takes away the negotiating leverage -- I think you're alluding to.
For the speaker but I just don't know I mean I don't know whether he'll give and then he he could play -- one of other than that this basically to.
Auctions here and they're the kind of extremes he could see it say forget about it I'm done or forget about it -- -- you know thrown at.
That's right and so that's why I think there if we can we -- -- a little or no matter what exactly but you know what I mean it's so.
Crazy to me because look.
There are not that far apart on a deal on the details of a deal on how much new revenue how much in terms -- spending cuts.
Concessions from the president on the -- CPI you know the index -- concessions in terms of -- willingness they you know what.
I'm talking about and I'll hold your hand we can go before the American people talk about raising eligibility age.
This these are big steps these guys are very close.
But we still have this dysfunctional political.
Atmosphere especially in the house and among the ideologues now say that I don't think that's too.
You know prejudicial but I think there are strong Republican ideologues who say.
We're not ever going to raise taxes under any circumstances despite our concern about the size of that data releases you know that's -- The reasons why last night as kind of puzzling and -- -- hindsight -- point one because we're looking back on and we know that the vote fail but if you know that's part of your caucus and you're the speaker.
Why would these people in the -- that part the Tea Party section of the party.
What's their incentive to vote for something that puts their name on a tax increase that they -- not gonna pass anyway.
Me why I think they're basically doing their deal to be doing the speaker -- they were gonna get him more negotiating leverage and hope currently use it.
I don't understand that but at the same time it must have been thinking about it I'm a put my name on this I don't wanna be known as someone who votes for higher taxes and he -- like.
I would -- I think -- -- you see what happened was Kevin McCarthy who who's the whip the Republican whip the -- had them.
And an Eric Cantor the number two behind Boehner they also had we've got the votes we've got the votes are playing beat the watchful -- over the last 24 to 48 hours.
A number of conservative -- said no we're withdrawing our support even freedom works which is probably the the biggest.
Tea Party type.
-- lobby group here in DC said.
Initially yes we'll go along because you wanna get the speaker more leverage they withdrew their support as -- other groups ironically.
Grover Norquist group did not.
I you know the guy who has the pledge card act has I'm crazy type but but a number of -- -- with groups with through and then you have the concern about.
The fact that there were no cuts in the deal I mean is supposedly from the Republicans stick position this is all I -- I -- that.
-- -- -- -- other we talk about that a lot of me one more thing that we had to go and and your headlines that the top of the hour here but.
Run over by second it's fine I just wanted to what the president -- and I think that's an open question to -- he could dig in here or.
Be open to more compromise what does the president -- this weekend.
He's not dig -- and the signal from the White House last night and this morning is please please mr.
Boehner come back we want to talk to you will get will do whatever we can't.
The interest in weekend down there in Washington to be all over -- -- has always battled a policy before Christmas and new yourself happy healthy and everything.
And we'll turn to god bless -- care car -- Juan Williams are right you're.
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