About 50 days until the U.S. reaches the fiscal cliff, the automatic round of spending cuts and tax increases that could plunge the country back into recession. We're seeing more signs today that lawmakers could strike a deal to avoid it.
The big news this weekend: Conservative pundit and "Weekly Standard" editor Bill Kristol tells Republicans it's time for fall on their swords.
"It won't kill the country if we raise taxes a little bit on millionaires," Kristol says on "Fox News Sunday." "It really won't, I don't think. I don't understand why Republicans don't take Obama's offer to freeze taxes for everyone below $250,000...The Republican party is going to fall on its sword to defend a bunch of millionaires, and, the millionaires, half of whom voted Democrat and half of them live in Hollywood?"
But the questions remains: What would a deal look like and is there time left this year to put a full deal together?
This morning on "Early Start," Politico senior Washington correspondent Jonathan Allen explains.