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December 2nd, 2012
02:06 PM ET

SOTU Crib Sheet for December 2nd

Show Highlights

On today’s State of the Union, Candy sat down with the White House’s chief negotiator on the fiscal cliff; Treasury Secretary, Tim Geithner for his assessment of how the fiscal cliff negotiations are progressing.

Senator Mark Warner (D-Virginia) and Sen. Kelly Ayotte (R-New Hampshire) then gave their thoughts on the fiscal cliff and on this week’s meetings between Susan Rice and lawmakers over the Benghazi consulate attack.

This week’s roundtable was made up of Montana governor Brian Schweitzer, Susan Page of USA Today, former HP CEO Carly Fiorina and A.B. Stoddard of The Hill. The panel wrapped up the week in politics and took an early look forward to 2016.
Treasury Secretary Tim Geithner on what would prevent a fiscal cliff deal
“If Republicans are not willing to let rates go back up - and we think they should go back to the Clinton levels, a time when the American economy was doing exceptionally well - then there will not be an agreement.”

Treasury Secretary Tim Geithner on what Republicans need to do
“In general we've laid out a detailed plan. We would be happy to look at an alternative plan, but they [Republicans] have to lay that out for us. Both on the revenue and rates side, but also on the spending side. That's just a reasonable way. What we can't do is sit here and try to figure out what works for them. They have to come tell us what works for them.”

Senator Mark Warner (D-Virginia) on the fiscal cliff
“The President laid out a term sheet with all the details. I think in any negotiation I’ve been involved in, you put down a term sheet, the other side comes back and says, no, I like this part, I don't like this part, and my hope would be that they would actually get to those negotiations because every day that clicks off, we are hurting the economy as we go into the Christmas retail season as people are probably not buying because they may not know all the details of the cliff, but they know bad stuff is going to happen if we don't get our act together and get this done.”

Senator Kelly Ayotte (R-New Hampshire) on President Obama's fiscal cliff proposal
“I was disappointed by the President's proposal. I think it's essentially a rerun of his budget proposal and the revenue proposals are, you know, $1.6 trillion in revenue and tax increases. It's a massive tax increase, but also not significant and meaningful entitlement reforms, which is, as you know, the Speaker came forward and put revenue on the table and said for Republicans we really want to solve this.”

Governor Brian Schweitzer (D- Montana) on 2016
“I have a warm regard for the people of Iowa and New Hampshire.”

VIDEO LINKS
Treasury Secretary Tim Geithner

Sen. Ayotte & Sen. Warner on the fiscal cliff negotiations

Sen. Ayotte & Sen. Warner on the Benghazi investigation

Roundtable part 1: Will there be a deal?

Roundtable part 2: Frontrunners for election 2016

End Piece: The Last Race of 2012

Getting to Know Sen. Kelly Ayotte

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