Fiscal Cliff: Boehner Doesn't Have Votes for Plan B

Negotiations to stop taxes from going up seem to be in a state of chaos.
1:34 | 12/21/12

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Transcript for Fiscal Cliff: Boehner Doesn't Have Votes for Plan B
We're going to get the latest, now, on the fiscal cliff. Just 11 days until everyone's taxes go up. All federal programs are cut. And it's looking more likely than ever that washington could trip over that cliff, after house speaker john boehner's plan to not have the increases on all but the wealthiest americans. Jon karl is covering this. Jon, this is chaos now. No one has a clear plan. Reporter: That's right. This was a crushing defeat, george, for speaker of the house john boehner. It demonstrated definitively that he doesn't even have the republican votes to pass a republican plan, let alone a compromise with the president. And he left last night, telling republicans that it is now up to house democrats and the president to come up with a way forward. But I talked toe at the white house and senate democrats, who said it's actually up to boehner to finally compromise. All chaos, no clear path forward. And I will tell you that the speaker talked to republicans last night, closing with a prayer, george. Saying, god grant me the serenity to accept things i cannot change. He is greatly weakened. That's not necessarily a good thing for the white house because they will need him to pass whatever deal is finally reached, if one is reached. They need a partner. But all eyes turn to the senate. They're the best chance, now, of passing something to block the tax increases on everyone. But they're not even back until two days after christmas, DECEMBER 27th. Reporter: They're not back until two days after christmas. And they are saying that it is up to the speaker to act. So, george, I have no idea where this is going to go. And neither do folks here. Jon karl, thanks very much.

This transcript has been automatically generated and may not be 100% accurate.

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