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Part of the tea party faction and the party to try to form a coalition of democrats and moderate republicans. couldn't he lose his speakership by doing that? >> he is not going to lose his speakership this term by doing it. the vote comes up on january 3rd, which is a thursday. he'll be re-elected to speaker. but what ryan got to was this really interesting sort of tug and pull on -- within the republican conference right now. there is this effort to be as conservative as possible on every single possible vote. and even the guys who are going to vote for the compromise package and try to get a...

That are coming out of this meeting, constructive, optimistic. there seems to be a little bit of movement. you always hesitate to say that because, of course, these talks could become derailed at any minute, but president obama set to address the press and the nation hopefully to give us a little bit of a better sense of how that meeting wrapped up. >> kristin, how do we square the sense of optimism and everyone saying that the talks were constructive when they're still stuck on the same points? if this hasn't moved on from $250,000 a year? >> reporter: correct. it's a very good point, and so ...

They are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've alre...

Cliff. with the deadline rapidly approaching, both sides are hoping to pressure the other into giving up some ground as they hammer out a compromise package of tax hikes and spending cuts. treasury secretary tim geithner meeting with all four party leaders in the house and senate, but instead of sitting down with everybody in one room, geithner is meeting separately with each of them. our chief congressional correspondent, mike emanuel, live on capitol hill right now. what's the latest on those meetings and the secretary's shuttle diplomacy, mike? >> reporter: we heard from speaker john boehne...

Wealthiest americans at a time when we have massive deficits to address and when we have real challenges to grow our economy. people get that, john. i think the american people understand what's happened. they know it has to be fixed. it has to be corrected. >> david, you had a chance to end the bush tax cuts a couple years ago. chuck shumer suggested you end them at least for millionaires. you didn't because a lot of people believed it wasn't wise to raise taxes when the economy was weak. >> as the senator would tell you, we would not have passed that compromise package we passed in that lame...