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Detailed text transcripts for TV channel - MSNBC - 20121217:17:45:00

Principle to accept $1 trillion in new revenue over ten years, an increase from his initial offer of $800 billion. in exchange nbc news reports that the white house is willing to consider up to $1 trillion in entitlement cuts. president obama has also lowered his revenue target from $1.6 trillion to $1.4 trillion. nbc news reports the talks are likely to continue right up until december 31st and possibly into the new year. a deal would likely involve two steps. tax rate increases and cost of liv...
President Obama White House Nbc News Entitlement Cuts 800 Billion 00 Billion

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