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Aspeared the bill was headed for defeat. House republicans did not want to raise taxes without significant cuts in government spending. Theres no spending cuts. Were adding 4 billion a day to the debt. We feel like the senate bill failed miserably. Reporter but in tend, House Republicans decided not to drag out the fight any longer and risk taking the blame for massive tax hikes on nearly every american worker. Whats the alternative . The alternative is 4 trillion in tax hikes that hit the american people, market uncertainty. Reporter the bill shields people earning less than 4 400,000 a year. Not to mention, the bill only delays large cuts to the pentagon and other government programs. So, in march, we may see another round of fighting. President obama says he Hopes Congress can strike a deal with a little less drama. Paula and john . Dont count on it. Lets hope so. Round two of the spending cuts. What are the chances that republicans go along with raising the debt ceiling . I know th

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