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At least one person is dead and another injured after Virgin Galactic's SpaceShipTwo space tourism craft crashes in California. Brianna Keilar is in for Erin Burnett.
December 4th, 2012
08:37 PM ET

Norquist shoots down talk of GOP infighting and presidential mandate to raise taxes

Our fourth story OutFront: dissension within the ranks.

It seems that not all Republican lawmakers and conservative groups are in lockstep with House Speaker John Boehner and his approach to the fiscal cliff negotiations.

Earlier I spoke with one GOP House member who hasn't exactly been on the same wavelength as the Speaker recently, Rep. Tom Cole (R-OK), who has called for the immediate extension of the Bush Tax Cuts for those making under $250,000 as a way to protect most of the American public should a larger deal not materialize before the end of the year. FULL POST


Filed under: Congress • Deficit • Economy • Fiscal Cliff • Politics
December 4th, 2012
07:45 PM ET

Boehner's offer draws criticism from right and left as fiscal cliff stalemate enters second day

OutFront tonight: let there be light.

Finally, some bulbs turned on in Washington this evening; unfortunately, they were all on the Congressional Christmas tree outside the U.S. capitol.

And while some of our lawmakers took some time to come celebrate together, they still aren't showing any spark when it comes to negotiating a deal to avoid the fiscal cliff. FULL POST


Filed under: Congress • Deconstruct • Deficit • Economy • Fiscal Cliff • Politics
December 3rd, 2012
08:08 PM ET

What will it take to find common ground in Washington?

Our fourth story OutFront: it's a showdown.

House Speaker John Boehner gave President Obama a taste of his own medicine today by putting out his own proposal for avoiding the fiscal cliff.

We've told you the details, but the main takeaway is that there are no tax rate increases included, which is why the White House was quick to dismiss the plan as "not serious" and "nothing new."

So now we've got two plans and no agreement – what's next? Newsweek/The Daily Beast Senior Columnist John Avlon is here to help us read between the lines.

CLICK THROUGH TO SEE ACCOMPANYING PANEL DISCUSSION FEATURING DEMOCRATIC STRATEGIST PAUL BEGALA AND REPUBLICAN STRATEGIST DAVID FRUM ON WASHINGTON'S VERSION OF "DEAL OR NO DEAL."


Filed under: Congress • Deficit • Economy • Fiscal Cliff • Politics
December 3rd, 2012
08:05 PM ET

Boehner floats possible deal with no tax hikes, but White House stands firm

Our second story OutFront: a decent proposal?

After laughing off the president's proposal to avoid the fiscal cliff last week, House Speaker John Boehner today put out his own terms for a deal, which he says adds up to $2.2 trillion in savings.

Boehner's deal includes $800 billion in savings from tax reform, which involves closing "special interest loopholes and deductions" but not raising rates; $600 billion in so-called "health savings," which includes changes to Medicare; $300 billion other mandatory savings; and $300 billion in further discretionary savings. FULL POST


Filed under: Congress • Deficit • Economy • Fiscal Cliff • Politics
November 26th, 2012
08:28 PM ET

How Far Will GOP Go to avoid Fiscal Cliff?

Congress is back to work after being off for Thanksgiving. The most urgent matter on their plate is the fiscal cliff. Both sides of the aisle are in talks to avoid painful across the board spending cuts and tax increases that are set to take effect in just 36 days.

Can Congress make a deal?

OutFront tonight: Mike Lee, Republican Tea Party Senator of Utah.

FULL POST


Filed under: Deficit • Economy • Fiscal Cliff
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