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Economy and Politics: Fiscal Cliff / A Discussion #1035864

CNN Evening News for Wednesday, Dec 26, 2012
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(Studio: Randi Kaye; Washington: Dana Bash) The question of whether there can be a deal before we go over the fiscal cliff with the ball in the court of Senate Democrats in a focus on tax cuts, coming behind the scene negotiations between the parties, why Democrats want to wait for the last minute because Congress only acts at a deadline discussed.

(Studio: Randi Kaye) Live discussion held with CNN's David Gergen, Democratic strategist Maria Cardona and Republican Alice Stewart about the politics of taxes and the fiscal cliff. [CARDONA - talks about a bill to extend the tax cuts; suggests President Obama has put spending cuts on the table.] [STEWART - says we need spending cuts with the debt ceiling as a reminder of spending problems; characterizes the fiscal crisis: attack spending.] [GERGEN - calls this extraordinary with damage already done to the economy for next year with prospects strong that we will go over the cliff; states the American middle class will pay the price and our international reputation will be impacted; indicates the Republican Party has to listen to the right of center, not the far right.]

Reporter(s):
Kaye, Randi;
Bash, Dana
Duration:
00:13:20

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