joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. they're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hi

jared bernstein for the center on budget and policy priorities. >> my pleasure. next week on n.b.r., we'll find out what the federal reserve policymakers are thinking. ben bernanke and the open market committee hold a two-day meeting, starting tuesday, bernanke meets the press wednesday to answer questions about fed policy. and monday, n.b.r.-u heads to philly. we talk stocks for the long run with wharton professor jeremy siegel. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no reason by the end of the decade it's not tens of billions of dollars and eventu

jared bernstein for the center on budget and policy priorities. >> my pleasure. next week on n.b.r., we'll find out what the federal reserve policymakers are thinking. ben bernanke and the open market committee hold a two-day meeting, starting tuesday, bernanke meets the press wednesday to answer questions about fed policy. and monday, n.b.r.-u heads to philly. we talk stocks for the long run with wharton professor jeremy siegel. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no reason by the end of the decade it's not tens of billions of dollars and eventu

jared bernstein for the center on budget and policy priorities. >> my pleasure. next week on n.b.r., we'll find out what the federal reserve policymakers are thinking. ben bernanke and the open market committee hold a two-day meeting, starting tuesday, bernanke meets the press wednesday to answer questions about fed policy. and monday, n.b.r.-u heads to philly. we talk stocks for the long run with wharton professor jeremy siegel. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no asoby t endf thdeca it's not tens of billions of dollars and eventually hundred

jared bernstein for the center on budget and policy priorities. >> my pleasure. next week on n.b.r., we'll find out what the federal reserve policymakers are thinking. ben bernanke and the open market committee hold a two-day meeting, starting tuesday, bernanke meets the press wednesday to answer questions about fed policy. and monday, n.b.r.-u heads to philly. we talk stocks for the long run with wharton professor jeremy eg. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no reason by the end of the decade it's not tens of billions of dollars and eventually

jared bernstein worked with him in the white house as the economic adviser to vice president biden. and juliana goldman has long reported on his role as white house reporter for "bloomberg news." juliana, you describe jack lew as the president's consummate aide. what did you mean by that? >> he's one of the president's most trugsed advisors, he encapsulates the idea of no drama obama. he's a tough negotiator, he's pragmatic and he's been around washington, as we've just heard, for the last 40 some years. he's one of the preeminent budget experts in this town and has had a street at the table for some of the biggest budget fights over the last three decades. so the president wanted to have somebody at the treasury who he was very close to and who was going to be armed for the fiscal fights ahead. >> woodruff: you at one point in your profile today, you quote david plouffe, the senior advisor to the president saying lew has a quiet ferocity to him. and you cite an incident during the 2011 debt limit fight with the republicans. >> that's right. it was sort of the 11th hour of negotiati

jared bernstein worked with him in the white house as the economic adviser to vice president biden. and juliana goldman has long reported on his role as white house reporter for "bloomberg news." juliana, you describe jack lew as the president's consummate aide. what did you mean by that? >> he's one of the president's most trugsed advisors, he encapsulates the idea of no drama obama. he's a tough negotiator he's pragmatic and he's been around washington, as we've just heard for the last 40 some years. he's one of the preeminent budget experts in this town and has had a street at the table for some of the biggest budget fights over the last three decades. so the president wanted to have somebody at the treasury who he was very close to and who was going to be armed for the fiscal fights ahead. >> woodruff: you at one point in your profile today, you quote david plouffe, the senior advisor to the president saying lew has a quiet ferocity to him. and you cite an incident during the 2011 debt limit fight with the republicans. >> that's right. it was sort of the 11th hour of negotiation

. >>> joining us right now jared bernstein senior fellow. the public amendment being considered here, it's swapping defense and domestic cuts. how does that make sense here? talk about that, if you could. >> first of all, let me point out, as mike very correctly said, that amendment really doesn't seem like it's going anywhere, if you're someone who wants this bill to get over the legislative goal line is a very good thing, once you get through the up or down votes, democrats join on and you have a pretty good chance of getting over. look, what the republicans have been trying to do all along is arguing that the thing they don't like most about the senate bill, and that is house republicans, is that it doesn't include enough spending cuts. now when it comes to spending cuts, they're there are basically three types. entitlements, which the white house isn't doing on this round, and there is defense and nondefense, domestic. they don't want to cut defense. white house isn't going to give them anything on entitlements right now. and so that lea

joining us now is jared bernstein. jared, always good to see you. what do you make of this latest development in the fiscal cliff discussions? >> who could have guessed the things we get screwed up at the house of representatives. right? i felt luke just gave a very youthful rundown of -- let me try to simplify this in a way that makes sense to me and hopefully some viewers as well. if this bill is amended, that is if there are enough republicans to vote for that 300-plus billion in more spending cuts, then this deal is as good as dead as far as i can see. because there's no way that -- it would have to go back to the senate. because the amended bill would no longer be the one that 89 senators voted for. and there's no way it could get a majority in the senate. the democrats at that point in the senate would abandon the bill. so if luke's suggestion that this does -- that the amendment doesn't get over the goal line, it doesn't get the 217 needed, then there's an up or down vote on the deal that passed the senate yesterday. now, that deal could pass

ezra klein and jared bernstein, thank you. >>> and coming up, republican governor chris christie versus boehner, and university john king, versus john boehner. and more on hillary clinton's condition and the republicans who lied about that. >>> and in the rewrite tonight, the secret governing, totally secret governing that took place in the united states senate today even though it was on c-span, it was completely a secret. i know you have been told the senate is closed after the fiscal cliff vote. but that is not true. the truth is that the senate works better than you think. and it did that today. that is coming up. i tell them de very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. >>> it is hard out th

ezra klein and jared bernstein, thank you. >>> and coming up, republican governor chris christie versus boehner, and university john king, versus john boehner. and more on hillary clinton's condition and the republicans who lied about that. >>> and in the rewrite tonight, the secret governing, totally secret governing that took place in the united states senate today even though it was on c-span, it was completely a secret. i know you have been told the senate is closed after the fiscal cliff vote. but that is not true. the truth is that the senate works better than you think. and it did that today. that is coming up. my name is marjorie reyes, and i'm a chief warrant officer. i love the fact that quicken loans provides va loans. quicken loans understood the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. big time taste should fit in a little time cup. new single serve cafe collections from maxwell house now available for use in the keurig k-cup brewer. always good to the last drop. >>> it is hard out there f

jared bernstein, the momentum seems to be building for increasing insanity on the republican side on this question in congress. >> which is a good thing, one of the lessons here -- and it is interesting, you know, basically if rush limbaugh is upset about this, that means something probably good is happening in politics. >> yes, yes. >> and kind of -- you are really seeing a division within the republicans, obviously, between those who are just very stuck in kind of a mentality towards their base that is obviously very destructive towards that of the broader nation. and a bunch of others who kind of figure a couple of other things, one, we would like to stick around here and maybe win some election. and two, perhaps pushing wound after wound on the economy is really not what folks sent us here to do. >> and ryan, the funny thing about this, this can end up being perceived as some sort of republican cave when they never should have taken a party position against raising the debt ceiling in the first place. so that doing the rational thing could actually simply look rational when they

joining us is jonathan alter and jared bernstein. welcome to you both. john, we've seen speaker boehner's power getting weaker and weaker. is paul ryan now the de facto head of the gop? >> well, you know, actually, martin, i think he has been much more influential than people realize -- >> because he's been quite quiet publicly. >> going back to 2011. he has so much respect within that republican caucus. he's the guy who killed simpson/bowl simpson/bowles. he was on the simpson/bowles commission and wasn't willing to have any revenue increases. his fingerprints were not on it. and then when it came to the grand bargain, he told john boehner wait until the election. don't do this deal. so this is more of the same from him in his own relatively quiet way because he is much more intelligent than a lot of the other members. he does wield a lot of influence. what he's trying to do here is not just kick the can down the road but to kind of institution institutionalize basically a water torture for the country where we would be going through this potentially mo

jared bernstein, center on budget and policy priorities. senior fellow. doug holtz-ekin, peter suderman and james freeman, assistant editor for the wall street journal. james, i'm amoused right off the top. team obama starts attacking republicans first of all for the budget cutting sequester which they invented. second of all, for the fiscal cliff which they also invented. how silly is this? there is nothing serious about it at all. >> here we are. this is three years of big spending obamanomics. it's a terrible recovery. not what we need to create jobs. >> worst recovery since 1947. spending, taxing, regulating. we'll get into details. this report is not as bad as it's made out to be. >> i agree. >> the basic thrust is why not try something different? 2% growth is lousy, the worst since 1947 h. why not try something different? why not favor the private sector? instead of the government? >> i have a good idea. stop setting fiscal traps for yourself and a getting all excited when you defuse the bomb you set. i agree with your silliness analysis. it's just

in san diego we have steve liesman, jared bernstein is in d.c. today. in studio with us we have nuveen asset management's chief equity strategist bob doll. cnbc's kelly evans and our guest host, aei's arthur brooks. we've been kicking through all the numbers and expectations. hampton pearson joins us right now from the labor department. >> up 155,000. december nonfarm payrolls, increased by 155,000 jobs. the unemployment rate 7.8%. average hourly earnings, increasing 0.3%. we had revisions for november and october and the net increase of 14,000 jobs over what had previously been reported. private sector job growth in the month of december, a gain of 168,000 jobs. figures for the last 12 months, 2012 for the year, 1,835,000 nonfarm payroll jobs created for the calendar year, 1,903,000 of those in the private sector. december job growth, health care, up 45,000. food service and drinking places, plus 38,000. construction, an increase in 30,000. the biggest monthly increase in construction since february of 2011. manufacturing up 25,000. the biggest job los

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msnbc contributor jared bernstein was chief economist to vice president biden, and bob shrum is a democratic strategist. gentlemen, allow me to read to you something that former labor secretary robert reich published today. quote, if the ongoing war between republicans and democrats was really over those future budget deficits, you might expect republicans and democrats to be focusing on ways to hold down future health care costs. but they're not debating this because the federal deficit is not what this war is about. it's about the size of government. tea party republicans want the government to be much smaller. jared, i say, yes but surely a $16 trillion debt is serious business and requires attention. >> absolutely, and, in fact, if you look -- i don't really do the kind of pox on both their houses in this discussion because i don't think it's accurate. if you actually look at, for example, the offer that the president made in mid-december or for that matter if you look at the president's budget, he actually accomplishes a stabilization of the debt as a share of gdp over the budget window

. >> joining us now is jared bernstein, senior fellow at the center on budget and policy priorities and an msnbc contributor. welcome, sir. >> thank you. >> mr. ryan's original 30-year plan, as you know, jared, was balanced on the backs of the poor and the jobless. are you able to estimate for our viewers how catastrophic his new ten-year budget is likely to be for low-income workers, the disabled, the poor, and those currently unemployed? >> i think i can, and i think we start exactly where you did. the budget that the house now supports, the paul ryan budget, is a budget that doesn't balance until 2040, but it's a budget that takes trillions of dollars from low-income programs and funnels them to wealthy people along the way kicking tens of millions off the public insurance rolls, raising the eligibility age of medicare, bloc granting medicaid food assistance, cutting educational programs. that's the one that balances in 2040. so what do you think a budget that balances in ten years from now is going to look like compared to that? obviously much worse. we're talking about cuts of up t

joining us right now, jared bernstein, center on budget and policy priorities and chief economist vice e president bibiden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. th're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit t

jared bernstein is with us. do don baer is with us. let me turn back to a question that was on my mind. i thought the speech was really the president expressing his view of the american ideal and how, where, and why government fits into that ideal, making an aggressive case here, touching everything from entitlements to obliquely security issues, climate change. >> income inequality. >> i think you're exactly right when you talk about the role of government, and it reminded me of the debate rehad in the election, in the campaign where one side, the victors in this case, argued for a much more pronounced role for government. and the president hit back on this theme of we're in this together, you can't go it alone, which he's actually highlighted back since 2008. >> but, don, do you think that the way that the president ticked off his own priorities and cast them as the will of the american people, how do you think republicans are likely to receive that and are they going to see that as another in-your-face challenge by this president? >

. >> maybe jared bernstein. >> jared bernstein. >> now he's off the list and that's a little surprising, both given who brought him to the party and also the fact that that wing has been right about everything so far. right about interest rates and right about -- i don't have a problem with jack lew. seems like he's a tough negotiator. that's what you need in the treasury -- >> he's been questioned -- >> when you bring it up with the white house, what they say is we do have vigorous debates on the inside. it may look, you know, monolithic from the outside like we're all -- but there are differences. >> they talk to people from outside. >> they do, and they say the president is talking to more people on the outside than -- >> surprising what matters and i think paul's point, they also promise to bring in a corporate ceo if they haven't done that and an eclectic group of people that maybe can inject -- we're having the same familiar faces. >> hard to convince someone to take that job. >> i think al is right, we need to get some new blood in there sitting at the table, makes a big differen

joining us now, jared bernstein and former chief economist to vice president biden. also with us is a chief investment strategist with blackrock. thank you so much for joining us. >> thanks for inviting us. >> thank you. >> russ, let me kick it off with you. friday, a pretty good rally. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people are nervous in december. they're coming back into stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling, obviously one of them. the second question is as we start to get january's economic data, how big of a hit do we have from the tax increases, the expiration, the payroll tax hold darks and what do those numbers, which may be a bit on the soft side, do to stocks? >> absolutely. that is the question of the day, isn't it, jared? the de

. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this is about guys who used to look after the currency and about guys who are going to have to deal with republicans over the debt ceiling and according to every leader that i have talked to, he is poison to republicans. jimmy. >> let me put it in a charitable way. he is not the sweet talker that tim geithn

i want to bring in msnb contributor, jared bernstein, jumping off point of where kristen left off with the potential conon formation of jack lew. jack lew would be a new player in this mix, because we have got the same old players. do you think that he could help break the chemistry experiment? >> well, he has been playing in the same sand box for a while. he has been negotiating deals since he was the director of the office of management and budget which is of course, at the heart of fiscal deals before he became the president's chief of staff. he has a long history of closing pretty complicated fiscal deals including things like the budget control act which is essentially running the government right now. so, i don't think that having jack in the mix hurts the prospects at all. if anything, he is a tough negotiator and he has been successful in the past. what is going to have to happen here, unless you want to start talking about pretty crazy solutions like the trillion dollar coin, what has to happen is compromise, much like i believe the president has laid out. if we want to do ano

i think the recklessness in their position is very extreme. >> our favorite economist jared bernstein, thanks to you so much on this sunday afternoon. do appreciate it. >> sure. >> developing news now. moments ago nbc news confirmed that former republican senator from nebraska chuck hagel will in fact be nom nail theed for defense secretary tomorrow at at white house. chuck hagel is a decorated vietnam war vet. he would be succeeding leon panetta at the pentagon. again, nbc news confirming that chuck hagel will in fact get that nomination tomorrow from the president at white house. law enforcement on both sides of the aisle meanwhile have been saying that chuck hagel simply the wrong choice. >> frankly, chuck hagel is out of the mainstream of thinking i believe on most issues regarding foreign policy. i expect the president to nominate people than i would think. i'm going to vote for senator kerry. i don't agree with him a lot, but i think he's very much in the mainstream of thought. chuck hagel, if confirmed to be secretary of defense, would be the most antagonistic secretary of defe

. >> joining me now, republican congressman mo brooks, and jared bernstein. congressman brooks, what the -- what is going on here? >> well, you have democracy at work. you have a very serious threat to our future with these unsustainable deficits. we are in perhaps the fifth consecutive trillion dollar deficit year, total accumulated debt of $16 trillion, no end in sight. so you have a long-term threat we have to focus our eyes on. but we also have a short-term threat, that is raising the debt ceiling or not. >> are you going to vote for the boehner plan? >> no. >> why not? >> well, let's get to the long-term threat, i want to do whatever is necessary to avoid the risk of bankruptcy. to me, that would be difficult for our country, devastating to our economy, far worse than any economic period seen in the history of the united states. in my judgment if the federal government becomes insolvent or goes into bankruptcy because the debt has accumulated to such an extent that it overwhelmed our ability to pay. in that context, then, i'm willing to raise the debt ce

joining me now is jared bernstein, former chief economist for vice president biden. now an msnbc contributor. and joan walsh editor at large for salon.com and an msnbc political analyst. she just wrote an article about the president's role in protecting the great society built by lbj. thank you both for joining me. >> thank you, rev. >> thanks. >> joan, president obama has been firm from the start on this. where do you think the republican leadership is today? >> i think you're right, reverend al. there are signs that they are starting to crumble and, you know, jared and i, we've all talked several times about what it means when the president is having to play chicken with people who are crazy and are willing to default on our debts. and that was a situation he was in in 2011. and it was very painful. and as the adults in the room and the responsible person, he did not want to be responsible for -- or even partly responsible. he never was responsible. for throwing us into default. now it's a different situation where you do hear john boehner and mitch mcconnell. mcco

"reason" magazine thinks so but cnbc contributor jared bernstein says there's no way. jared, why not? does it oversimplify is it t? why wouldn't that work? >> yeah, i found that to be oversimplifying and misleading. well, first of all, families and the government are different in a very important and actually keynesian way. when families are tightening their belts because of recession, the government needs to loosen its belt with fiscal stimulus to offset the demand contraction, but it has to be temporary. it has to go back the other way around. when families are doing bert and loosening the belt, the government has to tighten its belt so that deficits are declining when the economy is truly expanding. now, we didn't see enough of that in the bush years, actually saw it in the clinton years. i'm very much against what's called a structural budget deficit, a budget deficit that grows when the economy is at full employment, but i'm very much a cyclical budget deficit that grows when the economy needs that kind of temporary fiscal stimulus. >> katherine, what's your criti

. >> msnbc and cnbc contributor jared bernstein. thank you, sir. >>> coming up, paul ryan's argument with the one-cell human embryo cells. >>> and plus, a new warning from the fda about a popular sleeping pill. we bring you the details ahead. >>> and america is in love with abraham lincoln these days. so are the people in the academy in hollywood. the oscar nominations are out. we're going to break it down for you. that, and much more, after this. s has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. what's the♪rush? ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading.

here now are jared bernstein, former vice president biden chief economist. jared, i'm sure you agree wefrg i said. how do you react to my one cheer? >> i always enjoy listening to you. i think you're being an awfully harsh grader here. averting recession and you give it 33%? >> right. >> and then the markets. i always think of you as someone who thinks the markets are conveying information, but you're disagreeing with them. >> that's the one cheer. i give it that. >> so look, the one thing on the spending side, let me say this. i know you and jimmy and others are fired up about that. you have to appreciate that the budget control act cut $1.5 trillion of spending starting in 2011. i think one of the problems that you guys are having is you're starting the clock today, this is an incremental plan. anyone who calls this a grand bargain, the last step of the way is obviously wrong. it's an incremental plan. we got 1.5 trillion in spending cuts. i didn't go around saying the ratio of spending cuts to is 1.5 trillion to zero because i knew there was revenue comin

jared bernstein, thank you so much as always. >> thank you, alex. >>> the union will not be divided. that is the takeaway from the white house's response to petitions signed by over 350,000 american citizens asking for the right for their states to secede from the u.s. in its response the white house said, "free and open debate is what makes this country work and many people around the world risk their lives every day for the liberties we often take for granted. but as much as we value a healthy debate, we don't let that debate tear us apart." ♪ wipe your hand, shake it off ♪ with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. ♪ doing it with a cold, just

. >> well, see you in a couple of months then, economist jared bernstein, thank you so much, happy new years to you. you are watching "msnbc," the place for politics. >>> welcome back to our breaking news coverage of the fiscal cliff deal from capitol hill. lawmakers in the white house have reached a tentative deal the avert the across-the-board tax increases, and huge spending cuts regarding the sequester. joining us is the host of "politics nation," the reverend al sharpton. thank you for taking time out of your new year's eve. and i'm sure that this is a subject of great interest to you. >> no, it is a very much -- of a concern to me. and one of the things that i'm very happy about if this deal is voted in, is that people that are depending on unemployment insurance will be spared. i think that people must remember that there were hundreds of thousands of people that depend on unemployment insurance, that are looking at this with very deep concern because it comes out of their hide, and many of them are surviving on this. i think it also deals with the students. it deals in eitc. th

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