Fiscal Cliff Notes for Dec. 30, 2012
1 day to the fiscal cliff
BREAKING NEWS: OBAMA ON NBC'S "MEET THE PRESS" SAYS FISCAL CLIFF OFFERS TO GOP "FAIR"
President Barack Obama is making a very rare Sunday talk show stop Sunday morning in an interview with NBC's "Meet the Press" host David Gregory. MTP executive producer Betsy Fischer Martin @BetsyMTP is giving us a sneak peak at the news with her tweets:
"Obama says his offers to Republicans "have been so fair that a lot of Democrats get mad at me."
"It's been very hard for Boehner & McConnell to accept the fact that taxes on wealthiest Americans should go up a little bit."
"I was modestly optimistic ... but we don't yet see an agreement. Now the pressure's on Congress to produce."
HOUSE, SENATE IN RARE SUNDAY SESSION
The House and Senate are in session on Sunday. It's rare to meet on a Sunday--even rarer on the Sunday between Christmas and New Year's.
COULD THERE BE A FISCAL CLIFF VOTE ON SUNDAY?
Yes, if there is a deal. So far there is no deal.
WILL THE SENATE VOTE EVEN IF THERE IS NO DEAL?
Yes, unless there is a change in the game plan. That's because Obama has called on Senate Majority Leader Harry Reid (D-Nv.) to hold an-up-or-down vote in the Senate even if there is no filibuster-proof compromise with the Republicans. Obama is daring the GOP to block a measure to prevent tax hikes for most people in order to preserve tax hikes for the top earners. The Senate Democrats hold the majority, so they have enough votes to push a bill through. Would that result in a bill Obama could sign on Jan. 1? Maybe not, because getting a bill passed only on Democratic Senate voters through the House will be very tough.
My column on Obama's dare is HERE.
Excerpt: "In the event Senate leaders can't cut a deal, Obama called on Reid to ask for an up-or-down vote on a bare-bones package that would avoid tax hikes that would impact almost everyone."