Congressional leaders meet about the fiscal cliff
Share Now on:
As of right now, we’ve got 45 days until the fiscal cliff deadline. And if congressional leaders are to be believed, we might not actually go over the edge.
They met with the president at the White House today. Did that statement-on-the-White-House-driveway thing right afterward, and seemed pretty collegial all the while. But the Weekly Wrappers, Leigh Gallagher from Fortune Magazine and John Carney from CNBC, were skeptical.
“First of all, I want to point out that any deal they form is just ‘fiscal cliff lite’ because remember what the fiscal cliff is: spending getting cut, taxes going up,” says Carney. “If they make a deal, that’s maybe going to happen, just not as much. But really, Grover Norquist was on CNBC a few hours after this meeting came out…and sounded confident that any deal that got cut would not involve raising taxes. And Obama says any deal that gets cut has to involve raising taxes. I don’t think they’re really getting closer.”
“Common ground is the new ‘kick the can down the road,'” agreed Gallagher. “Everyone’s talking about it, everyone wants it. The Republican brand is damaged, and they know that they have to come off as seeming like they’re willing to compromise. But the fact is, the positions are very, very, very far apart.”
For all of the conversation, take a listen above.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.