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You apply -- suppose you want to buy a house and you say i'm going to pay 105 for it and the owner says, no, i want 130. so you go somewhere in the middle. that's not the way you do business. >> well, it is the way we do business. $100 billion is minimal. compared to what really -- >> but you said that's your opening bid. >> no, it was much higher. the american people spoke loud and clear in november. they wanted serious stuff done. $100 billion wasn't enough. >> what was your opening bid? >> 2.6 cents out of every federal dollar spent. that's nothing, chris. doing $100 billion -- >> what was ...

It's up to the folks in congress to step up to the table and actually get a deal done. >> so let's ask you this. the way most people make deals, you apply -- suppose you want to buy a house and you say i'm going to pay 105 for it and the owner says, no, i want 130. so you go somewhere in the middle. that's not the way you do business. >> well, it is the way we do business. $100 billion is minimal. compared to what really -- >> but you said that's your opening bid. >> no, it was much higher. the american people spoke loud and clear in november. they wanted serious stuff done. $100 billion wasn'...

Do you make of that one. >> it makes sense that this is the president's opening bid. republicans ran around saying his only answer is to raise taxes on the rich and play class warfare, and we have a spending problem, not a revenue problem. so if the president says look, i want to raise taxes 1.6 trillion it should be no surprise. if you want to cut spending more put your specific cuts in medicare on the table and let's start having the negotiations. it makes sense to me that he would start low on the spending cuts and let the republicans take the hit, like he's taking it on taxes to explain wh...

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We're reflecting that. it's up to the folks in congress to step up to the table and actually get a deal done. >> so let's ask you this. the way most people make deals, you apply -- suppose you want to buy a house and you say i'm going to pay 105 for it and the owner says, no, i want 130. so you go somewhere in the middle. that's not the way you do business. >> well, it is the way we do business. $100 billion is minimal. >> but you said that's your opening bid. >> no, it was much higher. the american people spoke loud and clear in november. they wanted serious stuff done. >> what was your openi...