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Detailed text transcripts for TV channel - MSNBC - 20111222:20:58:00

Conference call, richard, is when speaker boehner had to pull back and this is where we are now. the fact that there s a conference call at 5:00 p.m. leads us to believe that some explanation from boehner will be going out to his members about what the next step forward is going to be, and from conversations around the hill, it looks like there s some agreement that could be reached as early as tonight or maybe tomorrow as the fall out from this politically has been very damaging to the house gop brand, richard. so what s your hunch here? reporter: well, the hunch is that if you have this 5:00 p.m. conference call, expect this is all speculation, mind you but expect john boehner to say to his members, look, this is the situation we re in now. the senate is not going to come back. you have the wall street journal, you have karl rove, you have a lot of mitch mcconnell, essentially saying, look, take a step back, do the two-month deal and we ll work together to try to get it f ....

John Boehner , Richard Louie , Conference Call , House Of Representatives , Joe William , The Hill , Gop Brand , Senator Mcconnell , Step Back , Wall Street Journal , Karl Rove ,