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The border to lebanon. i would not exclude jordan from this. jordan is in a weak state much the king has been under challenge. he is a friend of the united states. they are susceptible to turbulence from syria. >>trace: former state department under secretary, nicholas burns. >> the fiscal cliff crisis and president obama saying it could all be over in a week if republicans would get on board with his plan. of course, republicans argue he is the one refusing to budge. jut more bickering as we get closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff i...

We want to go to the white house where other kristin welker has gotten reaction to the republican proposal this afternoon on the fiscal cliff negotiations. what has the white house reaction been? >> reporter: as you know, the republican plan calls for about $800 billion in new tax revenues by basically reforming the tax code but it doesn't cover increasing taxes on the wealthiest americans and that is something that president obama says must be included in any plan, so white house communications director dan pfeifer just released this statement. i'm just getting it. quaet quote, the republican...

Visit from someone who was there. michael is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's ...

Reduction plan. that is significant piece of it. the president's proposal calls for total of $1.6 trillion in revenue over ten years. >> greta: one of games in washington, we talk about over ten years, we get a new congress and new presidents? >> that is true. you have to do your projections based on the best information you have right now. that is what the president's plan calls for. he has $4 trillion, $1.6 trillion in revenue which by the way is less revenue than proposed in the bipartisan simpson-boles recommendations to get to their number. it combines with cuts to try and get there. i th...

Reduction plan. that is significant piece of it. the president's proposal calls for total of $1.6 trillion in revenue over ten years. >> greta: one of games in washington, we talk about over ten years, we get a new congress and new presidents? >> that is true. you have to do your projections based on the best information you have right now. that is what the president's plan calls for. he has $4 trillion, $1.6 trillion in revenue which by the way is less revenue than proposed in the bipartisan simpson-boles recommendations to get to their number. it combines with cuts to try and get there. i th...