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i'm erin burnett. "outfront," breaking news, federal failure. gridlock reigns in washington once again. now the payroll tax cut proposal passes the republican house. so why do we say failure? well, the republican bill, included a controversial oil pipeline that the president has said he would veto. so, pass, smash. we're at square one. congress again playing chicken with the clock. there are just 18 days left until the tax cut expires. if it does, the average american will pay about a thousand dollars more in taxes next year. now, this may not be economic armageddon. but because the ...

i'm erin burnett. "outfront," breaking news, federal failure. gridlock reigns in washington once again. now the payroll tax cut proposal passes the republican house. so why do we say failure? well, the republican bill, included a controversial oil pipeline that the president has said he would veto. so, pass, smash. we're at square one. congress again playing chicken with the clock. there are just 18 days left until the tax cut expires. if it does, the average american will pay about a thousand dollars more in taxes next year. now, this may not be economic armageddon. but because the ...

That is affected only on the margins? >> good question. for four decades this has been a bipartisan relationship. but we always have, though, the economics, this kind of foundation. now, economics, rather than being in a foundation, becoming a source of friction. we no longer have a cold war where the united states and china lined up against the soviet union. the foundations of u.s./china relations are changing, they're not crumbling, but changing. going forward, do you still have a democratic and republican consensus? and we're beginning to see that fray. you're seeing tough rhetoric in the r...

Costs. insurance premiums are rising very rapidly. co-pays are rising very rapidly. as a consequence, businesses are reluctant to invest where they need lots of workers because they don't want to make that commitment on health care. >> if we look at the cost of energy today, across 109 here in the states, rapidly pushing towards 125 in london, we talked so much in the last conversation last month when we were in california, port of oakland, of the chinese, trade side of the equation with the rig trade with china, other half of the equation really goes to the importing and dependence and the st...