Detailed text transcripts for TV channel - KGO - 20121220:10

Detailed text transcripts for TV channel - KGO - 20121220:10:05:00

our economy at risk because you can't bridge that gap doesn't make a lot of sense. >> reporter: boehner says the house will move forward on his plan "b." that would extend the bush tax cuts for everyone making less than $1 million. >> the house will pass legislation to make permanent tax relief for nearly every american, 99.81% of the american people. >> reporter: a senior administration official said plan b is a waste of time. >> what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. >> he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> reporter: both sides insist that negotiations continue behind the scenes, but they're running out of time to reach a deal. if no agreement is reached by tomorrow, president obama will have to delay his hawaiian holiday vacation. rob and sunny, back to you. a top state department official is expected to face tough questions on capitol hill

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