AirTalk for December 31, 2012

Fiscal cliff watch

Budget Negotiations Continue in Face of Fiscal Cliff Deadline

Drew Angerer/Getty Images

Speaker of the House John Boehner (R-OH) leaves his office and walks toward the exit on Capitol Hill December 29, 2012 in Washington, DC.

In the realm of political theatre, the Fiscal Cliff is no mere plot device. The harsh reality of tax hikes and slashed spending is now mere hours away. President Obama said today a deal to avoid going over the Fiscal Cliff is in sight, but not finalized. As the the federal government’s great game of chicken barrels towards its midnight,  January 1 deadline, who will receive the blame if we go over the cliff? Why is the pending compromise reported by the President so narrow in scope? Why can’t the Congress strike what the President called a “Grand Bargain” to deal with deficit reduction and taxes at once?


Kitty Felde, Washington Correspondent, KPCC News

Steven Dennis, White House Correspondent, Roll Call

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