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Then speaker john boehner should not have walked away from the 4 trillion-dollar debt deal that he was negotiating with the president in weekend weeks. that had significant spending cuts as well as the tax increases, trace. >> trace: we talk a lot about the taxes, ed, but what about those spending cuts, ed? >> the ones in terms of entitlement reform that's off the table until later next year apparently. in terms of the short-term, those automatic cuts known as sequestration that would hit the pentagon hard, some other domestic programs as well. that's the biggest stumbling block tonight to a d...

Have repeat episodes. airplane travel can also be a risk factor. in her capacity as secretary of state, hillary clinton has logged hundreds of thousands of miles and visited more countries than any of her predecessors so flying in the future could be an issue. trace? >> trace: david lee miller live for us in new york. david lee, thank you. secretary clinton still scheduled to testify at some point about the consulate attack in benghazi, libya. that as a new report from senate lawmakers find the state department failed to do enough to protect diplomats there. coming up, accusations of shocking ...

Hill. where do things stand right now? >> trace, we expect that this deal will get put into legislative language and the congressional budget office will determine whether it saves money or costs money. try to give a fair analysis. we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a r...

Details of the framework began to emerge. the dow ultimately closed up triple digits. we have complete coverage of the wall street impact and the debt ceiling inside fox report. well, doctors say secretary of state hillary clinton is making excellent progress and they predict that she will make a full recovery after receiving treatment for a blood clot but secretary clinton is apparently still spending new year's eve in a new york city hospital. a spokesman says doctors found the blood close yesterday. they were performing a follow-up exam after secretary clinton fell and suffered a concussion...

Are you going to stand for that? >> what kind of treatment is is this? >> came out early. the freezing cold to be with you on fox report. this is what we -- i'm out of here. good luck, bill. >> listen, you guys apparently this year's running now. you guys have been. show tonight. going to hear from pat benatar >>-million-dollar quartet. right now on broadway is going to perform live here in times square. you are not going to believe how awesome these guys are. >> two words you won't hear tonight, trace? go ahead. >> fiscal cliff. that's not true at all. >> yes, you are. we are going to go clif...