Detailed text transcripts for TV channel - MSNBC - 20121222:03:49:00
Let's get that done. >> the house of representatives now stands in recess until thursday, december 27th. just four days before we step off that fiscal curb. this week, the office of management and budget issued guidance to government agencies outlining the potential impact of the $1.2 trillion in budget cuts, which will start to take effect on january first, if congress does not act. joining me now is ezra klein, columnist for "the washington post" and an msnbc analyst, ezra, i just want to talk first about the spending side. because we talked the tax side of it a lot. and so there are prepara...