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December 31st, 2012
06:40 PM ET

Sen. Rand Paul says fiscal cliff bill: "...will pass with bipartisan support in the Senate"

CNN’s Wolf Blitzer spoke with Sen. Rand Paul (R-KY) about how he plans to vote on the fiscal cliff measure. Sen. Paul said, “I'm a likely no, because there's a lot of new spending in it also. There's going to be tax increases. Which I think are bad for the economy.” A highlight from the interview is after the jump; for a full transcript of the program visit http://archives.cnn.com/TRANSCRIPTS/2012.12.31.html.

Please Credit – CNN’s The Situation Room with Wolf Blitzer

Highlight from Interview
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

FULL POST

December 31st, 2012
04:46 PM ET

Sen. McCain predicts, "A whole new field of battle when the debt ceiling rolls around."

Today on CNN’s The Situation Room with Wolf Blitzer, Sens. John McCain and Lindsey Graham joined Blitzer from Capitol Hill to discuss the latest with the fiscal cliff negotiations. A highlight from the interview is after the jump and for a full transcript of the program please visit http://archives.cnn.com/TRANSCRIPTS/2012.12.31.html.

Please Credit – CNN’s The Situation Room with Wolf Blitzer

Highlight from Interview
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. FULL POST

December 31st, 2012
10:41 AM ET

Sen. Isakson (R-GA): "It's my best belief that they've reached an agreement on revenues"

Just before the Senate convenes at 11am ET today to work on a plan to avoid the fiscal cliff, Senator Johnny Isakson (R-GA) tells Starting Point that he believes that a bipartisan agreement on revenue has been reached, but it’s now a question of whether the money will go to more spending or deficit reduction.

Sen. Isakson says, “First of all, I’m not sure we have the inside information, but I do believe the revenue issue is no longer a question. The question is making sure any new revenues go to debt spending reduction and deficit relief rather than new spending. It's deficits that got us into this problem. It's only reducing deficits that get us out of this problem.”

When CNN’s Ali Velshi asks him to clarify if a revenue deal has been accepted, Sen. Isakson responds, “No, that's not my best information, but it's my best belief that they've reached an agreement on revenues. What that level is, I don't know, but the question now is where those revenues go. If they go to new spending, we're going to have a problem making a deal because spending has been our problem. But if they go towards deficit reduction, which ultimately will be debt relief, that will be a good thing, and we probably will have a deal.”

Starting Point with Soledad O’Brien airs weekday mornings from 7-9am ET on CNN.


Topics: CNN • CNN Politics • Starting Point
December 31st, 2012
10:06 AM ET

Rep. Burgess won't vote for elimination of tax cut for those making over $450K

In the final hours before the fiscal cliff deadline, Rep. Michael Burgess (R-TX) says that he is not willing to “punish success” and vote for a bill that would only expire Bush era tax cuts for households earning over $450,000 per year.

Rep. Burgess says, “If that was all that was involved, no, the answer is, no, I probably wouldn't.”

Starting Point with Soledad O’Brien airs weekday mornings from 7-9am ET on CNN.


Topics: Christine Romans • CNN • CNN Politics • Starting Point
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