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Because it's an urgent matter. we ought not to have an arbitrary deadline forcing this process. we ought to be sure that we have the best product. >> let's talk about the sticking points that you're working through. one of the proposals is to improve irs enforcement of existing laws, which is estimated to increase revenue by up to $100 billion without raising tacks. a number of your republican colleagues, though, they are coming out against this approach. senator ted cruz called it a foolish and dangerous idea. so, is irs enforcement still part of your proposal or not? >> well, one reason it's...

Nancy pelosi do it for him. i guess my question is how does the white house want the senate to handle this two-step because as you point out, once we start getting headlines from bernie sanders, whether it's $4 trillion, $5 trillion, $6 trillion, that has moderate democrats, not just joe manchin, but the house really concerned. the president said he doesn't want to deficit spend. any big number would mean raising tacks, which is always a tricky thing to do. so how does the white house plan on shepherding this bipartisan deal along while all of this is playing out and at every turn threatening ...

They need -- they're doing this -- here's where it gets tricky -- when the global economy is slowing down. they have to do it at the worst possible time. >> do you think that jeanette -- janet yellen, head of the fed, was a bigging occupy barack obama, the economy. >> it wasn't just her. is was ben bernanke. >> did she succumb to political infelonies? did the federal reserve say we'll finance this -- >> i think the fed -- i don't then it's that direct. they know they can recharge. the economy has never been that strong. following the financial collapse. president obama probably at the margin -...

Ability to say here is what we're willing to put on the table. martin? >> kris ktin welker, thank you. >> with us is msnbc political analyst karen finney and political analyst michael eric dyson. they are all telling us higher taxes would result in massive job losses, higher inflation, and the collapse of industrial jute put. this week the stock market has broken records virtually every day and now we have a much larger than expected jobs report and clear signs of recovery within the housing market. what happened or is paul ryan as badly mistaken as we suggested he was three months ago? >> yes...

President obama does not have a foil on the republican side. he does not have someone that he can deal with. mitch mcconnell maybe, but, remember, mitch mcconnell is up for re-election and is worried about a primary in 2014. you know, when we talk about the possibility of a big deal, i think boehner has been weakened by what happened with the fiscal cliff. mcconnell, i don't think, is fundamentally predisposed to do anything. particularly if it includes raising tacks. so who does he make a deal with? who can deliver the votes? >> and in fact, the senate democrats who are talking about the repu...