mr. boehner. he should have been ashamed of himself. >> you said he is appealing to appeal to the right wing of his party and you have conservative groups slamming this plan "b." let me play some of the criticism he's getting from the right of the party. let's play it. >> the american people did not re-elect the conservative house of representatives to become tax collectors for barack obama's welfare state. >> we supported challengers who were opposed to t.a.r.p., who were opposed to the debt deal. 2011. and this is the sort of vote that we'll look at closely when we look at our options in 2014. >> so congressman pascrell, they oppose plan "b" differently than your opposition but you have two different sides of this coin and people are wondering where speaker boehner is at all on this when no one is happy and if he's appealing to the right, they're not pleased with him. >> well, mr. boehner has the hell of a nerve to say that mister -- the president of the united states barack obama can't stand up

mr. boehner to stop protecting the rich. it's result clear.t's winner right there in the white house trying to do what the people reelected him to do. joy reid is managing editor of the grio, and david corn is washington bureau chief for mother jones and the author of the ebook "47 percent." like the way i lowered my voice there? today the president took his tax pitch to a factory in the philly suburbs and he made clear the rich must pay their fair share. the taxes will go up for the top 2%. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the ho

mr. boehner sweat. harry reid to be working with senate republicans w are more moderate. >> or ing in daniel day lewis. >> i want to talk about the nrara quickly. on the fiscal cliff, this is friday but the markets did not star pretty. is the business community getting what they deserve? >> actually, a lot of the ceo's have been active in washington trying to broker a deal. that have been verery active and very piscivorous -- >> but a deal on their terms. >> actually not. the ceo's tend to be me morate because they arare just so bloody well feet. if you are jamie dimon, you u can say i can afford to pay more taxes. those guys do n not get affected by these tax hikes quite like the rest of us do. their army of accountants and taxx lawyers prohibit them from paying taxes. >> do you u feel like they are contributing or hurting? >> wdo not have an autocratic government. a lot of these ceo's are used to giving orders and having those orders followed. >> we finally heard friday from the national rifle associa

mr. boehner can move closer to the figure. if that the only thing we can do, let's say we come up with the threshold of $500,000, we can have a deal. there's no question in my mind and come back and do the tax cuts and do the expending cuts differently and at another time. >> sue? >> congressman, if i could step in and switch gears a little bit. >> hi, sue, how are you? >> i'm good. great to see you again, sir. >> good to see you. >> turning to the issue of gun control. >> yes. >> the president spent a large part of his news conference talking about the fact this is the influx point and action on gun control. do you agree with the president? and ideally, in your world, what would that legislation look like? >> i've worked very closely with congressman mccarthy since we got here in 1996. we feel very strongly about certain controls. certainly not in any manner shape or form violating the second amendment. we can come to some common ground. i really believe on this subject, susan. so besides being on the bills, that's one thing.

mr. boehner to stop protecting the rich.oy reid is managing editor of the grio, and david corn is washington bureau chief for mother jones and the author of the ebook "47 percent." today the president took his pitch to a factory in the philadelphia suburbs, and he made clear the rich must pay their fair share. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the house, they're ready to go, they're ready to vote on that same thing. if we can just get a few house republicans on board, we can pass the bill in the house, it will la

mr. boehner has problems with the caucus. most of the members are quiet.side groups have been harsh. club for growth and hair tage foundation are behind this to say that the speaker is out of line. but to this point he has had the benefit of his leadership holding with him. the majority leader eric cantor, whip, mccarthy and ryan behind him. that kept the republican conference together. it could fray depending on how the vote goes. >> bret: speaker boehner used the dual trap before, with the debt ceiling and how he orchestrated that negotiation back then. if the house goes ahead with the votes on thursday, carl, boehner's plan "b" could become a multiple choice. >> you heard what ed whenly was talking about there. first the vote on the plan. they anticipate an hope it will be defeated easily with the republican majority. the plan "b" is that million-dollar threshold, open question. there are republicans who have issues with it. and part of the consternation they express is when the president offered $400,000, why would mr. boehner take so it far out of wha

mr. boehner doesn't play it right, there are threats to his speakership.ause of the nature of how the republican congress is balanced he could louis eight votes for election of speaker he wouldn't be it for the next upcoming session. >> more on this with the panel. we are talking taxes here but it comes down to spending as well. capitol hill continues to wrestle with the white house. over what to cut, and where. and how much, you have to understand that this back and forth is really tiny. when you look at the fiscal hole the nation is facing. have you wondered how much of the national debt you and your family owe? we take a look at staggering numbers tonight in part two of the series "the cost of spending." >> the national debt clock, spinning faster ever year. we have all seen it before. >> did you see that clock up there? $16 trillion of debt. >> used as prop at campaign events. >> when the come pain began it was less than that. >> you can walk by the main debt clock in new york city. west 44th street and avenue of the americas. but when you really stop

mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can call it deal and jam. >> i am optimistic that we can reach an greept that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement is not reached in time, between reed and mcconnell, i will urge senator reed to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike and extends the vital life line of unemployment insurance for two million americans looking for a job and lays the groundwork for more cooperation on deficit reduction and economic growth. guys, i can hear you over there. i believe a proposal can pass both houses bipartisan majority. as long as they let it come to a vote. if members of the house or senate want to vote no, they can. >> i would really like to know who he is shushing

mr. boehner said, in southern ohio where he lives. if there are any developments, the two gentlemen certainly will be able to get in touch with one another. meantime, there are some individual stock stories of interest at this hour. and one of them concerns facebook. be a facebook lockup expires today and 150 million shares will open up on the market. the last time we had a lockup expiration many expected to see the stock drop. instead, it rallied. right now, no, not so much. facebook down about 89 cents so 3% at 2735. but it is up about 25% over the past three months. julia has the details for us from washington. >> tyler, this is the fourth of five lockup expiration periods. today's potential sellers could also sell in ipos. we shouldn't see any pent up demand to sell. facebook shares are dropping today, off about 3 percent percent as you mentioned. a bit of profit taking after the company's massive run since its last lockup expiration. during the last lockup expiration a month ago when 1.2 million shares became available to sell, t

mr. boehner. >> let's not kid ourselves. but when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal and they sum one up here that calls for $1.6 trillion in new taxes, calls for not even $4 billion in cuts, and they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it was not a serious proposal. and so right now we're almost nowhere. >> let me start with -- let me start with joe jan on this thing because you and i often agree. this whole thing here, i just think boehner has never accepted the fact that the rates have to go up at the top. i mean they're talking about deductions and all this finesse, they lost this debate. if there was any issue that came out, the president was dead right. he mads he statement clear. the public wants to have some tax fairness. they don't want the top 2% to hold this thing up. boehner doesn't wan

mr. boehner for speaker? >> well, i tell people we've got major decisions before the end of the year. real attention will be on this massive, $60.3 trillion debt, this fiscal cliff. but, most importantly, this debt crisis next year. i'm not talking about what's going to happen in february or january. what i want to talk about is how do we solve this problem? how do we get the speaker? and the president actually opened up that back door. they're sitting there making back room deals. open up and let the american people see what's going on. i want to see what's going on. they won't tell either side what the deal-making is going on. i don't think that's the way to make policy. >> now, as you said, you and i may not agree. we've debated on this show, though you've always come on. are you saying that you believe that speaker boehner has a score card and is punishing you and three others for standing up and voting for what you believe to be right? >> that is apparently the case. we wrote a letter to the speaker and i think if you read the language of the letter, you walk through all of the w

mr. boehner in the arm-twisting department. but it was ultimately to no avail. he could not convince his own side. john boehner canceled the vote. then he put out a statement saying it's now up to democrats to figure it out. and then the house went into recess and house republicans started going home for christmas. >> mr. chairman, you're close to the speaker. you serve with him on the education committee. does this feel like defeat tonight, when he could not cajole enough votes out of his caucus? >> well, yeah. that's exactly what it is. and he understood it, and he said have a merry christmas, we'll see you after christmas. >> we'll see you after christmas. yes, this was a defeat. this was not how it was supposed to go, but that is what happened in just the past hour. joining us is luke russert, nbc news congressional correspondent. luke, thanks for being here on short notice. appreciate your time. >> what a story, rachel. happy to be here. i've never seen anything like this in my 3 1/2 year on capitol hill. very rare moment. and talking to people whief been he

mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between senator reid and senator mcconnell, than i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million american looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. you guys, i can hear you over there. i believe such a proposal could pass both houses with bipartisan majorities. as long as those

mr. boehner can't come to agreement.uch as a 10% unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, they aret playing at the margin in thecust national media is not focusing washit the reality is. they are just playing games. right along with the folks in washington. this president is guilty of class warfare. for what? are you kidding me?ma. president obama seems to love rt the drama. i thought he didn't like drama. the reality is that there will be so little impact on our fiscal future. the after all of the drama and whateeer the outcome, we remaih in great jeopardy. because this isn't a fiscals. future. this is not something that any of us want. don't you love it? a lame-duck session of congress. they areon the ones who have to steer us away from the fiscal cliff. joining us tonight, governor jo mike huckabee. , the dumbest spyr had. >> not a good week for spies. dra you add to the the drama with general allan and this ever expanding scandal. it is tragic.heir it is t

mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation.nd what you and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the national media is not focusing on what the reality is. they're just playing games right in washington. folks in office and this president is guilty of class warfare. for what? for that? are you kidding me? president obama seems to love the drama. i thought he didn't like drama. but the reality is there will be is little impact on our fiscal future. and as a nation, after all of the drama and whatever the outcome, we remain in great jeopardy. because this isn't a fiscal future any of us, any of us wants. >>> morsi declares martial law in gypt and claims he's not a dictator. the obama middle east policy coming undone. the a-team reacts. >>> obama what? another state tells the

mr. boehner will then try to find a common ground with democrats in the house and they will have to pass this bill as well. i'm not sure whether they will be able to do that today, so what we might see is that the house will come together tomorrow morning and pass the bill then. >> what happens if there's no deal? to the bills get paid? >> i am somewhat optimistic. if they're not going to find a solution, i think the house will have to come together after the third of january and talk about that again. if they do not find a solution fast, they will still need a few months before america could face a new recession. >> thank you so much. >> talking about money, time to check out the market numbers. it was a bit of a surge on the u.s. markets. that has come back tonight but it is still holding at 12991. eurostoxx 50. euro trading down $1.3194. >> secretary of state henry clinton in the hospital due to a blood clot from the concussion she's a reporter earlier this month. >> she is under observation and will be in the hospital at least until tuesday. she is 65 years old. she has stated that s

mr. boehner? well, going -- joining us now, the chief global economist for deutsche bank.hank you for joining us. >> great to be here, lou. lou: quite the beginning to the week. think investors are overly invested in the negotiations in washington? >> maybe a little bit. i mean, there's certainly buying into the idea that a deal is near, and, you know, i think they will reach a deal, but the markets now set up for the possibility that there's -- if there's a glitch in the negotiations, there could be disappointment in the market. lou: what are they pricing? just curious. pricing in minimal taxes, say, you know, maybe $500 being? are -- $500 billion or cuts, $6 trillion? i don't think so. >> certainly not. lou: what gives investors such excitement they go out and throw money at stocks? >> i think the excitement is just that there's an increasing chaace we're going to avoid going off the cliff, and that would be such a potentially damaging factor for the economy that if we increase the chances we're not going to do that, i think that gets people excited. in terms of tackling

mr. boehner went into the meeting with alternative. he is concerned about the calendar.ity to break the jog lam on a real deal here. the distance between the two sides. as a consequence he told his members he has got a plan b. i want to read remarks we know he is saying behind closed doors to his fellow republicans. he will say or has said, quote, for weeks senate republicans and a growing number of you, meaning house republicans have been pushing for us to pivot to a plan b i think there is better way but the white house can't seem to bring to a balanced approach and time is running short. taxes are going up on everyone january 1st. they are baked into current law and we have to stop whatever rate increase we can in the absence of alternative this morning, this morning a modified plan b is the plan. that plan b boehner is proposing to house republicans could would be vote in the house to extend the tax reductions of the bush era on everybody making under a million dollars. that would potentially avert having taxes go up on the first of the year and damaging the economy.

mr. boehner of the election results -- you're asking me to accept mitt romney's tax plan. why would i do that? at another point, the speaker noted his gop majority would also return next year." that doesn't exactly sound like the basis for a deal. your interpretation? >> no, but this is why the president is not moving. but i completely agree with david when he says that the president, in order for these republicans to step out on the ledge -- remember, it's not only tea party republicans. it's been framed, but there are republicans in the house that have been there for 20 years who are against raising taxes. this is the republican dogma. it's been in place for 30-some years since the reagan era. they're against any tax hikes on anyone in any circumstance. so to really bring those republicans over that could stomach it, they need to see real concrete cuts on that side and also some entitlement reform, because that's where the spending has to really change in order to deal with the deficit. but remember, the president has his pressure points, too. you have members on the lef

mr. boehner gave his own statement saying maybe something could break the rules a little bit and start in the senate to fix the problem instead of starting with his side in the house. if that happens and they can put something together on the senate side that can pass the senate, and that can earn all of nancy pelosi's 193 democrats in the house, they would need, then, 25 republicans to defect and vote with all the democrats to save the country. to save us at least from a self-inflicted recession. they would need 25 republicans. among the republicans who did side with john boehner last night on one bill that he was able to pass before it all fell apart, among the republicans who were on john boehner's side last night were exactly 25 republicans who are not coming back to congress after this year, who are gone as of january and on whom the usual republican centrifugal forces do not apply. if those 25 republicans defect, then something they end up cooking up, it might work out. it might end up saving the country's bacon. if it does not happen, we are still counting on john boehner's leaders

mr. boehner, despite my view, his best efforts can't get the votes in the republican conference. so any -- anything that we'll do before the january 1st deadline will have to be negotiated with mr. reed and they'll come back to the house and probably be passed with democratic votes. that's the only path forward and it obviously would be a long way from a grand bargain. >> are you fine with that, congressman? that he's not going to go for the grand bargain recently saying that he'll go for something less? >> it's a disappointment. we need a grand bargain and this is a great disappointment to many of us on both sides of the aisle. the other thing is even if we get something that deals with the taxes, you know, for everybody 250 and below, we're going have that whole debt ceiling overhang and that again is the backdrop by which we have discussions on the spending restraint and that's just a -- you know, that's the economic weapon of mass destruction and it would have been preferable to take the debt ceiling fiasco off the table. >> lack thereof, then. what's your feeling on the comp

mr. boehner, mr. boehner said here's $800 billion for revenue and what do i get for that? the president allegedly said, that's for free. that's not evidence 6 somebody who wants a deal who, wants to lead. >> eric: what would you like to see? >> i would like to see a clean deal. i would like to see something that fixes the problem. keep in mind, one of the things that frustrates me is that the fiscal cliff is getting all of this attention, when it's real. i don't want to diminish it. but it's a drop in the bucket. the tax increases that the president wants that represent 8 cents of every dollar of debt. we are not dealing with the overall problem. that's what i would like to see. something that brings as much attention to the $16 trillion debt, as it does to the relatively small tax increases. that's what i would like to see, the government dealing with the serious questions, not the immediately pressing questions? >> how do we deal with it? $16 trillion debt, projected to go up to $20 trillion over the next 2 years, if you are washington can't deal with that. how do you so

mr. boehner and the president off the election and mr. boehner put 800 billion of revenues on the table and talking about negotiations and the president says i get that for free, i'm not giving you anything for 800 billion dollars. and washington is a rumor mill, as you can probably mante imagine, and we've heard that the change cpi would be off the table, an indication of a smaller deal, not a larger deal, and it's hard to imagine a larger deal without including those. and things are moving quickly despite the fact it seems fairly quiet on capitol hill. >> harris: we're edging later and later on this sunday night and talk about things that have been said that can shift the temperature of where you are. senator reid has said he cannot offer a counter offer because he says, quote, we're too far apart on some pretty big issues. what's he talking about? >> i don't know, the first i've heard. when people tells they don't want a counter offer, it tells they don't want to deal. it strikes me it would not be difficult to focus just on the tax rat

mr. boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like a

mr. boehner's speakership in vulnerable position. let's face it, mr. ed about the country but most of all worried about mr. boehner. tracy: right, exactly. peter, i love your analogy we could go bungee jumping because i think at end of the day that is what happens, right? they will make everything retroactive. what does that do to the economy or at least people's psyches, very well be the first month of the year? >> if it is a whole month it is not bunge jumping. we're off the cliff. they have to have a deal in sight or people will start to change their behavior in two ways. they have less money to spend. if you think folks lack confidence in washington now, if they can not resolve it and no liz solution in sight, consumers won't have much confidence in washington and investors may start getting shaky about u.s. bond. tracy: peter what is the time frame, what do they have? do they have a week into the new year? two weeks before all hell breaks loose? >> it depend whether in the first week they have the makings of a deal and matter of just getting it thr

mr. boehner has proposed -- snow he's not. >> it's veries are very close, mr. can comp plies and do something about the debt. i agree, we need to do something about it -- >> greta: obama wants the fiscal cliff and he's going to do -- going to get it. >> sean: former marine, jon hammar remains behind bars in a mexican prison, over trumped-up mexican prison, over trumped-up gun you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. bass proshops has plenty of great last minute gift ideas, like... plus there's still time for a free picture with santa. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. by december 22nd let'for an idea.s - a grand idea called america. the idea that if you work hard, if you hav

mr. boehner has proposed -- snow he's not. >> it's veries are very close, mr. can comp plies and do something about the debt. i agree, we need to do something about it -- >> greta: obama wants the fiscal cliff and he's going to do -- going to get it. >> sean: former marine, jon hammar remains behind bars in a mexican prison, over trumped-up gun charges. how can we get him home safe? with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into

mr. boehner. think anybody so this day takes those fiscal conservatives as seriously as they better take them. in today's op-ed by mr. reynolds of putnam, was also disappointing. i mean i just don't think you can sequate the idea that peopl have certain beliefs. and just because you send a representative there that doesn't agree with other's beliefs, this isn't the electorate as being mean. they just want what they want. >> rick santelli, scott nation, thank you. >> merry christmas, joe. >> merry christmas. >> thanks a lot. >> merry christmas andrew ross. >> happy holidays, guys. >> you, too. >> and coming up, andrew? >> coming up, italian prime minister mario monti stepping down to set up the february elections. could he win another term? could silvio berlusconi mount a serious challenge? that's the story. and share som. or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. >>> welcome back to "squawk box" this mor

mr. boehner replied "whatever times infinity," to which obama replied, "damn, infinity.for now." >>> if only it were that simple. well, it is 12/12/12, and over a dozen superstars will be getting together for this huge sandy relief concert. this will be massive and will be broadcast to over 2 billion homes worldwide, making it the most widely distributed music event in history. the lineup just as huge -- bon jovi, kanye west, paul mccartney, bruce springsteen, many, many more. it's going to be pretty incredible. >>> so, in absolutely shocking news -- i know you'll be floored about this one, dylan -- a reality series is being sued for staging events, allegedly, in the show. ame's "storage wars" is accused of planting valuable and unusual items on the show. a former cast member says he was fired after complaining about the deceptive practice. don't you love how we don't have bill interrupting me the entire time? dylan's so quiet over there. >> i didn't know i could! >> now you'll be doing it all the time. >> all the time. >>> the 2013 rock and roll hall of fame inductees h

mr. boehner go on this? how far can obama go? because the president has not commented, and his party is in revolt. yeah, they won, but they didn't win on cutting entitlements. they won by leaving entitlements alone. the democrats are in denial, michael steele. i'll give you the last word on how you get them out of denial. >> i agree with that, larry, and i think that's part of the reality for the president right now. what boehner is saying is look, we've been in this room before where we've agreed, you know, to tax increases on the off that we're going to get spending cuts. well, put the spending cuts on the table. let's put them out there together. we'll agree to a rate increase, 37%, 38%, you agree to a certain percentage of cuts entitlements, we'll go in together, we'll both have bloody nose and black eyes from our base, but more importantly, the american people will see we're serious and we're moving forward. and the president still has yet to do that. >> that's what i think. i think he's still dr. no, with all respect to my

mr. boehner. that's why european markets have been trading higher the last two trading days because there is optimism that we will see a deal before the end of the year. >>> as always, why are you awake at this hour? shoot us an e-mail at waytooearly@msnbc. we'll read the best responses later in the show. >>> still ahead on "way too early," it only took 24 turnovers and 15 weeks, but jets coach rex ryan benching mark sanchez, but that doesn't mean tim tebow will start next sunday. that story and a check of weather when "way too early" comes back. >> i hereby deliver these two articles of impeachment. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bank

mr. boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unless, of course, president obama comes back with this new plan -- the original plan that he had, which as you mentioned the $250,000 threshold. the fact is that boehner and obama's proposals really aren't that far apart right now. president obama wants $1 trillion in new taxes, john boehner has said he's willing to give $1 trillion. obama said he wants $800 billion in spending cuts, same thing for boehner. but the difference comes with the once again, the tax threshold. president obama originally said he would be willing to go with the $400,000 tax threshold. and as boehner said going off obama's words, he was willing to do it at $1 million. it comes down to what that threshold is. >> karen finney, i want to ask you about the same question, this ten days business. but i also want to amendment that question or expand it. how much damage did the republicans do last night by blowing

mr. boehner's idea, cap deductions and get $800 million in revenues? does that make any sense. >> that's a tax increase. it's a bad idea. but i have yet another thought how we could fix this. why don't we let the democrats pass whatever they want. if they are the party of higher taxes, all the republicans in the house vote present and let the democrats raise taxes as high as they want to raise them. let democrats in the senate raise taxes. let the president sign it and then they can own a tax increase. and when the economy stalls, when the economy sputers, when people lose their jobs, they know which party to blame, the party of high taxes. let's don't be the party of just almost as high taxes. >> some people have called that the doomsday scenario. others have said it's a strategic retreat on the republicans' behalf. would you vote present for that in the senate if it comes up? >> i don't think we have to in the senate. i'm happy not to filibuster it and i will announce tonight on your show that i will work with harry reid to let him pass his big old t

mr. boehner and the president were pretty icy. if you have that atmosphere, what can get done? >> it's right. these guys can't make a deal with each other. the "wall street journal" are owned by our parent company, newscorp, had a great behind the scenes recounting of the last couple of weeks of negotiations. at one point boehner said to the president i'm offering $800 billion in new revenue, what do i get for that? and the president said you get nothing for that. >> in the next hour, billionaire businessman john castmeeti says they should get together. merry christmas and happy holidays. >> thank you, same to you. >> merry christmas, chris. >> thank you, jamie. >> coming up, chris's interview with john brasso -- >> 2:00 p.m. and 6:00 p.m. only here on the fox news chance. >> the doctors are in for the "sunday house call." they'll talk about incredible breakthroughs in medicine. this is reminder of what you need to know to stay healthy next year. a pill that holds sand grain sized microchip. >> wow. >> we'll tell you why that's important. >>> good news for folks battling diabet

mr. boehner says he was flabbergasted at the white house stance on what they say needs to be done.eter doocy has details this morning on the latest developments from washington. good morning, peter. >> good morning, eric. spieger boehner said negotiations are nowhere, period and he called treasury secretary tim geithner's presentation of the white house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between election day and the end of the year. three of those weeks have been wasted with this nonsense. >> reporter: here is what has the speaker flabbergasted. the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and not guaranteed. but the treasury secretary says the administration's plan is