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Deadline Looms for Fiscal Cliff Agreement

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  • Description

    FBN’s Peter Barnes on the fiscal cliff negotiations.

  • Duration 1:50
  • Date

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And I this doesn't look at it.

There's just one week left the lawmakers and the president to come to an agreement to avoid that fiscal cliff this.

-- the talks came to a grinding halt last week Fox Business is paid -- has more from Washington DC.

On the possibilities for a deal before the deadline.

While the president -- Republicans exchanging lumps of coal for Christmas.

They did not reach a deal to avoid the fiscal cliff before they left town Friday for the holiday the president talking to the speaker by phone.

And meeting with a Senate Democratic Leader Harry Reid at the white house on Friday.

That after the speaker pulled his plan -- proposal that would have raise tax rates on people making more than a million dollars a year when some conservative Republicans opposed it.

The president said he still wants to do a deal and that there was still time to do one before the end of the year starting with -- extending the bush tax cuts for the middle class.

We're gonna have to find some common ground.

And the challenge that we've got right now is that the American people.

A lot more sensible.

And a lot more thoughtful.

And much more willing to compromise.

And give and sacrifice.

And act responsibly.

Then there are elected representatives many of us.

Believe on both sides of the other fundamental reform of our tax being.

-- help us get our economy moving faster and put more Americans back to work and more Americans -- the tax rules.

How we get their.

And god only knows.

The president said he planned to cut short his family vacation in Hawaii to return to Washington after Christmas to keep working on a fiscal cliff agreement the speaker said he'll be coming back to.

Back to you.

Thank you so much greater --

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