Detailed text transcripts for TV channel - MSNBC - 20121228:17:03:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20121228:17:03:00

americans will have yet another reason to feel divided and frustrated with their leaders. we had the election and holidays. now the question is whether congress will make a new year's resolution to actually get things done. we have a great panel assembled here. i want to start with you, maggie. no one is dash optimistic. senators have to say that as opposed to admitting things don't look good as we just reported there are indications from at least a pew gop sources that there is this deal on the table. 400,000 at the tax level would not be very favorable to the president's so-called final offer. what do you make of it? >> i think that -- i make of it we are hitting hard deadline and i think all sides are aware this will be problematic for everybody. i think you can make the argument it will be worse for republicans long term than in the short term. markets will open on wednesday and it will be a mess. it will be a mess going forward. nobody wants this to continue. however, neither side will escape without blame if weaned

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