'God Only Knows': Boehner Describes How to Avoid Fiscal Cliff

VIDEO: Negotiations to stop taxes from going up seem to be in a state of chaos.
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Speaker of the House John Boehner bluntly acknowledged Friday morning he did not have the votes to pass his "Plan B" and said the only real solution is a broad agreement to cut spending and reform the tax code. Then he added these words:

"How we get there, God only knows."

That about sums up the whole "fiscal cliff" situation after a chaotic Thursday night when Republicans had to abandon "Plan B" - their proposal to raise taxes only on people making more than $1 million.

Boehner said he is not giving up on talks to pursue a bipartisan agreement with the President, who wants taxes to be raised on people making more than $250,000. But Boehner made it clear nothing is going on right now. Instead he said it was up to Senate Democrats and the White House to make the next move.

Read more about "Plan B" and the dramatic action in the House on Thursday .

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