Coming Up on 'This Week': Sens. Charles Schumer and Jon Kyl

NEW YORK, Dec. 28, 2012— -- Sen. Charles Schumer, D-N.Y., and Sen. Jon Kyl, R-Ariz., debate the latest on the last-minute efforts in the Senate to avoid the fiscal cliff, Sunday on "This Week."

Plus, Rep. Chris Van Hollen, D-Md., and Rep. Raul Labrador, R-Idaho, face off on whether the House can agree on a deal before the end of the year.

As the clock ticks down to the New Year's deadline, last-minute negotiations between the White House and congressional leaders continue through the weekend. Can any compromise be reached before Jan. 1, before we plunge over the fiscal cliff? As Democrats and Republicans play the blame game, what will make or break the deal? And what will happen to the economy -- and your paycheck -- if no compromise is reached?

Sen. Charles Schumer and Sen. Jon Kyl debate the latest on the fiscal cliff talks, plus Rep. Chris Van Hollen and Rep. Raul Labrador on the final days to try to reach a deal, Sunday on "This Week."

Then, ABC News Chief White House Correspondent Jonathan Karl and the powerhouse roundtable debate all the week's politics, with the former Vermont governor and founder of Democracy for America, Howard Dean; former Minnesota Gov. Tim Pawlenty, president and CEO of the Financial Services Roundtable; Politico senior political reporter Maggie Haberman; and Vanity Fair national editor Todd Purdum.

Can any deal be brokered to avoid a fiscal crisis in the New Year? Has Washington's toxic environment made compromise impossible? The roundtable debates those questions and takes a look back on the defining moments of 2012.

Plus, ABC News' Bianna Golodryga and Leigh Gallagher of Fortune Magazine examine the financial fallout from the countdown to the fiscal cliff.

See the whole political picture, Sunday on "This Week with George Stephanopoulos."