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20 to 1, he could do well. we should assume the cycle will play out like the other five before it. a front-runner comes up against romney, rises above him and drifts right back down. nobody's been able to sustain the surge to date. >> jim and richard, nice to see you this morning. thank you. the house republican leadership decision to back down from their demands has paved the way for a tentative deal on extending the payroll tax cut, unemployment benefits and the doc fix through this year. speaker boehner put his own spin on the deal this morning. take a look. >> we are not going to allow t...

Their members on extending the payroll tax holiday for the rest of the year without paying for it. this is congressional negotiators appear close to a broader deal including extending unemployment benefit and also the medicare reimbursement to doctors known as the doc fix. and paying for them by potentially selling off wireless band width, making some adjustments to federal worker retirement plans. and a few tweaks to the president's healthcare law affecting providers. earlier the president message to congress was get it done. >> just pass middle class tax cut. pass extension of unemployment i...

Doc fix. we are watching reaction come in from that. some republicans don't think this is a good idea. some democrats saying they like the idea, there's been movement on this, however they do want to see unemployment insurance benefits and the dock fix be a part of a larger compassion. we are seeing a little bit of -- well, nobody has the appetite for the prolonged fights that we witnessed at the end of the year when the payroll tax extension went down to the wire. it is a different atmosphere and there's a lot of pressure to get something done own this tax cut. >> just real quickly, before i ...

Which is what politicians are proposing now. promises of cuts are a mirage. mr. obama needs to point to the mirage because his fist record is the worst in modern american history. two sides of the debate. the new york times and wall street journal. according to the administration, next year's deficit would drop below $1 trillion for the first time in five years, but the government would still be borrowing nearly a quarter on every dollar spent. house republicans are abandoning their demand that the cost of extending the payroll tax cut -- republican leaders are introducing a backup plan to e...

Place but don't include the fix with medicare payments and don't include the extension of unemployment benefits. let's take that one by one and now they think they have a deal when it comes to unemployment benefits as bad as it is to try to work, 99 weeks, too much? they're talking about a deal that will knock it down to nine weeks. >> meanwhile, "the wall street journal" on the op ed page what they think today, well, the republicans are caving. what they say is the republicans are getting smarter when it comes to taxes because what they're doing and to gretchen's point, they take a false atta...