and if you want stu varney's facts, why are you listening to stu varney?laughter) of course, the president is stubbornly refusing to negotiate on obamacare even though the republicans have been very flexible. >> i'd like to repeal every word of the law. but that wasn't my position even in this fight. my position in this fight was we should defund it. even now with the what the house of representatives has done is a step removed from defunding. it's delaying. >> we've been pretty reasonable as we've worked through this process. i've heard the reference to a full delay or a full repeal. now we're just saying mr. president, can we not just have one-year delay? >> we said, well, what about a one-year delay? we've been offering compromise after compromise. (laughter) but you hear from the president and his men and his women no negotiation. >> stephen: no negotiation, even though every one of those offers is a compromise from the republicans' initial offer-- having mitt romney be president. (laughter and applause) but surprise surprise -- (cheers and applause) -

we have team fox coverage, chief correspondent ed henry, and stu varney, and brit hume, senior political analyst, we begin with ed. >> the president is not coming out on camera, not going to say anything, or make any news. clearly no deal tonight. the president is largely on the sidelines, meeting with house democrats today but has not met with any republicans because he has had the stance of not voting directly over the potential default and reopeninggovernment. the white house strategy is let this play out. force john boehner and other republican leaders to show their hand, and in fact, they believe here at the white house that they were closing in on a deal last night with senate leaders inching forward. but then john boehner came out with two different plans tonight, neither of which he had the vote to get through the chambers, the point tonight, senate leaders are back negotiating. harry reid and mitch mcconnell, what they're closing on is reopening the government on january 15th, getting the debt ceiling raised through february 7th, and having broader budget talks, they're promisin

stu varney is joining me now. a bang gets in trouble like this. was the justice department determined to go after chase? >> reporter: in my opinion this an attempt to pin all of the blame for the crash on wall street and pin it on the banks. this is where the government wants the blame to go. not to the politicians or the regulators. no, straight to the banks. so far big banks have paid out $137 billion in fines and settlements and there may be more to come. that is a huge number. remember these banks already paid back the bailout money with interest. just look for a second in detail at jp morgan. the latest settlement is for $13 bi. much of that is -- of $13 billion. most of it is for bear stearns and washington mutual that the government wanted jp morgan to take over during the crisis. so jp morgan is being forced to take over the and pay for the sins o companies they took over. the same with bank of america. they were forced to take over countrywide. it looks like a heavily political prosecution where wall street is taking all of the blame for

. >> stu varney, host of "varney & company." he joins me now. $3 billion of earmarks buried in this bill. is it just back to normal? we're trying to get the debt under control and we're still spending? >> that is precisely what it is. it is back to normal. it is same ol' same ol'. excessive spending, unnecessary spending and plain ol' pork. you mention ad $3 million for a dam project in ohio. that is four times the original cost estimate for that project. how about $174,000 for the widow of senator frank lautenberg? senator lautenberg was one of the richest men in washington, d.c. how about obamacare? it churns on totally untouched by this deal or any other new spending or borrowing plan. by the way, thent, congress, administration officials, they keep their exemption. they get, they get a subsidy for obamacare that we do not get. how about the debt? still piling up. 17 trillion now. it will be 21 trillion by the end of the president's term. $21 trillion. so the bottom line here is, that the morning after the deal, the spending

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