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Speaker of the House Nancy Pelosi speaks to reporters after leaving a caucus of House Democrats on Capitol Hill December 7, 2010 in Washington, DC.

Congressional Democrats find Obama’s deal with the GOP on tax cuts a hard pill to swallow. They want an extension of unemployment benefits, but don’t want to stomach the trade off--a tax cut for Americans earning over $250,000. And they’ve decided to do something about it. This morning, the House Democratic Caucus voted to reject the deal in its current form. Rep. Lloyd Doggett (D-Texas) told the Associated Press: “If it’s take it or leave it, we’ll leave it.” Will this tough stance by House Democrats affect the final policy? And is there still room for compromise anywhere in Washington?

Guest:

Jack Shaw, Capitol Hill reporter for Market News International