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Tea party wing. and they have to deal with the part that is angry that feels they got rolled in the fiscal cliff negotiation and wants to roll the president, damn the cost. >> sam, would the congress let this sequester kick in and then come back and try to pass something their way? what do you think, just to save face? >> that might be the case. i did an interview with representative jim miranda of west virginia a couple of weeks ago where he predicted that is the outcome. where you do hit sequestration there is an obvious and tangible economic blowback because of it. and congress sort of gets...

New version of the rule would require people with incomes over $2 million a year after charitable deductions to pay at least 30% federal income tax rate. john boehner was asked today about the democratic plan to replace the sequester. >> would you rather see the sequester kick in than accept a deal that includes some new tax revenue? >> when the senate passes a plan, we'll be lehappy to take look at it. >> the house democrats introduced a bill today, but they're not hopeful john boehner will be happy to take a look at it. >> we actually think it would pass, you know, we think that our republic...

Already a bit wobbly by my lights is going to cost us on the growth and jobs side. >> yeah. one of the telling things was that in december there was a big jump in personal income because of people getting bonuses early and things like that. but spending didn't go up very much. and economists are expecting weak retail numbers for january. i think it's the seasonal adjustment factors again. my feeling is to see a drag in the third quarter. excuse me, the first quarter. and then have to be carried by the recovery of government spending because i don't think we have another drag on the economy fro...

Members of congress. last night i thought the president exposed himself a little bit on that. wouldn't you agree that when he said in that moment that will not have a defensive sequester and have the administration folks -- he meant should not. wasn't there exposure on that issue for the president last night in. >> the president showing a clear-eyed effort to get a resolution between now and the end of the calendar year. a sequester is a tool that was insisted upon by the house republicans. getting the debt ceiling done, the control act. it was supposed to be difficult and hard and nasty, it w...

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