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Can Lawmakers Come Together in Time?

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  • Description

    FBN’s Peter Barnes with the latest on the fiscal cliff deadline and negotiations.

  • Duration 2:01
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Very latest we go to Peter Barnes Peter what he's down -- washing away you know.

About McConnell and Biden and in his ongoing discussions between them.

So they were trading paper and phone calls late into the night according to a spokesman for Mitch McConnell trying to get a deal to avoid the fiscal cliff.

According to McConnell -- you gave us this quote this morning quote the talks continued.

Senator McConnell decision to call Vice President Biden was a good one.

They were up pretty late now the Washington Post reports this morning that Democrats have compromised on higher tax -- starting them at families making.

450000.

Dollars a year or more to raise revenues that's well above.

The president's demand up 250000.

For their part Republicans dropped their demand for a change in the inflation formula for annual increases in Social Security.

Democrats said that was on non starter for this round of talk.

It's.

Willing make difficult concessions this part of a balanced comprehensive agreement.

Well not a grease -- security benefits is part of a small short term agreement.

Special effect and it gives more handouts to that are rich.

In order get things moving I've just spoken with the majority leader.

I also placed a call to the vice president to see if he could help jump start the negotiations.

On his side.

The vice president -- work together on solutions before and I believe we can again.

Now the senate reconvenes at 11 o'clock and at that time we're expecting to hear from.

Harry Reid and Mitch McConnell on the status of the talks the president says.

That if negotiators.

Right now that's McConnell and Biden don't get a deal sometime today he will send the legislative -- the senate.

His own stock gap plan to extend tax cuts for the middle class along some other provisions and dare Republicans to block it -- Sounds like politics here and thank you thank you Peter --

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