Detailed text transcripts for TV channel - MSNBC - 20121217:17:45:00
Principle to accept $1 trillion in new revenue over ten years, an increase from his initial offer of $800 billion. in exchange nbc news reports that the white house is willing to consider up to $1 trillion in entitlement cuts. president obama has also lowered his revenue target from $1.6 trillion to $1.4 trillion. nbc news reports the talks are likely to continue right up until december 31st and possibly into the new year. a deal would likely involve two steps. tax rate increases and cost of living adjustments to entitlement programs up front with an agreement to more reform of the tax code an...
Source: news source