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Destroy us. we can live with higher taxes, you might not think it's the best idea on the rich. i think it's a way to go about it but we can't survive we are without adjusting our entitlement reform unless it is addressed. >> gregg: jamie weinstein, it's criminal -- i didn't take it that far but you do did. >> without a fiscal cliff teal the pentagon is bracing for $500 billion but that is over the next decade and raises questions how military leaders plan to keep the nation safe. >> last friday when president obama rolled out his new plan for steering us away from the fiscal cliff there was wo...

Top two senators reached an agreement. >> gregg: mike emmanuel live in washington. thanks very much. be sure to watch fox news sunday tomorrow. chris wallace talks fiscal cliff with u.s. senators lindsey graham and diane feinstein. check your local listings for the times. >> arthel: with a possible agreement being worked on behind closed doors to avoid going over the fiscal cliff, one casualty could be the defense department. severe financial cuts could hit every branch of the armed services. peter doocy and minutes -- examines. >> he did not say the word sequester. it would automatically cut ...

Reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that...

Somewhere in the middle on important issues. >> this is a message american people sent from all over. that is they are tired of these partisan grid locks. they are tired of things like well i have one goal to meet be obama. that's gone. obama was re-elected overwhe overwhelmi overwhelmingly. american people want us to work together. >> we will find out soon if there will be compromise like both of the leaders that they both said because we are less than two months away from the fiscal cliff. long-term unemployment benefits $55 billion in cuts to the defense programs and another 55 million in c...

>> shannon: president obama said that sequestration which will trigger across-the-board cuts to domestic and defense programs will not happen but it is on track to kick in unless congress does something about it. what would it mean for the military and efforts in the middle east and around the world? joining us to talk about it house armed services committee member and congressman from california john garamendi. thank you for joining us today. >> good to be with you, shannon. >> shannon: the president said that with the debates and went on to have an interview with the des moines register edit...