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We'll see 2 million people lose unemployment benefits, taxes will increase by $2,000 for the average family and growth will slow by half a percent. is there anything congress or the administration can do to mitigate the impact until a deal is reached in the new year? >> well, when we could g back, we can always pass tax reform that is, you know, retroactive and the rates don't go knee effect immediately so we can do something and i think we'll work on it immediately. would i hope with the lame ducks that are there they can support speaker boehner. a lot of good guys are leading because the cla...

Thanks for being here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say the president has not been willing to compromise. republican congressman from ohio on cnn this morning said t...

Daniel inouye. harry reid is also at that event. will he talk to president obama? white house officials right not being fairly tight-lipped on that matter. not telling us if there are any meetings scheduled at this point in time. they, again, call this a working vacation and say that staffers are working on this behind the scenes. melissa? >> hang on just a second. let me bring in nbc news political editor diminico montenero. what do you think about the majority leader flying all the way to hawaii? >> i think they realized they have three options, small deal, a big deal or go over the cliff, a...

But it's now a given at this point. if it comes down to a tax increase versus a defense cut, the tax increase will win every time. republicans absolutely do not want to increase taxes and politically can't do it before the next presidential election. >> what actually happens on january 15th? >> i think the best you're going to see is, you know, something that avoids a sequester, that is, just a one-year, short, small deal. >> how do they buy it at this point, though? literally this airline fee? that's one? >> that or spectrum -- they get you onetime revenues that aren't considered taxes and ma...

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