First look at Obama's

First look at Obama's "fiscal cliff" proposal

November 29, 2012 4:14 PM

Can Washington make a deal on the budget and avoid the tax increases of the looming "fiscal cliff?" Major Garrett has a first look at President Obama's proposals and the Republican reaction.

GOP: White House "fiscal cliff" idea "a joke"
  • Recommended
  • Mother-to-be was in labor as Oklahoma tornado hit Mother-to-be was in labor as Oklahoma tornado hit

    1:54 May 23, 2013

  • Victim of Bangladesh factory collapse shares story Victim of Bangladesh factory collapse shares story

    4:28 May 23, 2013

  • Teacher injured in Okla. tornado takes first steps Teacher injured in Okla. tornado takes first steps

    1:57 May 23, 2013

  • Boy Scout leaders vote to lift ban on gay members Boy Scout leaders vote to lift ban on gay members

    1:48 May 23, 2013

  • Resentment over wars may have motivated London terror attack Resentment over wars may have motivated London terror attack

    1:21 May 23, 2013

  • U.S. drone strikes spark anger in Pakistan U.S. drone strikes spark anger in Pakistan

    1:58 May 23, 2013

  • President Obama defends drone strikes President Obama defends drone strikes

    2:21 May 23, 2013