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.

GOP resistance to anti-tax pledge grows

Is it a slow leak that will grow into a cascade, or a minor drip easily plugged?

More and more, conservative Republicans in Congress are breaking from a pledge they signed years earlier against any kind of tax increase or additional tax revenue.

Facing the so-called fiscal cliff at the end of the year when automatic tax hikes and deep across-the-board spending cuts will occur, the GOP legislators are signaling their willingness to cut a deal with President Barack Obama and Democrats that would include more money for the government.

The overall numbers remain relatively small - a handful of senators and House members - but they include influential veterans such as Sens. Saxby Chambliss of Georgia, Bob Corker of Tennessee and Lindsey Graham of South Carolina, along with Rep. Peter King of New York.


Filed under: Deficit • Economy • Fiscal Cliff
soundoff (One Response)
  1. Narine Singh

    The election in simple term , America or the rich . This is the question the congress of the USA has to answer .Superpac , pledge and party affiliation have to left out of these negotiations .In conculsion , political answer and kicking the can down the road is over. Democracy is strong in a growing economy because this is the United States Of Anerica , home of the brave .

    November 27, 2012 at 5:46 am | Reply

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