David Petraeus Resignation's Impact on Obama's Second Term

George Stephanopoulos reviews if scandal will derail president's agenda.
3:00 | 11/11/12

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Transcript for David Petraeus Resignation's Impact on Obama's Second Term
So, how does this scandal likely to play for a newly-elected president. Abc's george stephanopoulos is here. Lot of people, especially on the republican side, raising questions about the timing. Some people say that this is a little fishy. Is this scandal, does it have the potential to derail the president's agenda? I don't think so. I was a little surprised that this had gone on for several months. The white house was reportedly not told until wednesday. As long as they hold, you won't see any national security implications. The president was already planning to replace secretary of state hillary clinton and secretary of defense leon pan net that was also planning on leaving. And there's that investigation of what happened in benghazi going on. David petraeus was set to testify in bghazi this week. The republicans aren't happy about that. Unlikely to be good enough for a lot of members of congress. Peter king wants to speak petraeus directly. This week, I'll be talking to saxby chambliss. Do they still want to hear from david petraeus himself. On the fiscal cliff, the tax like that will go into effect on JANUARY 1st, THE PRESIDENT IS Saying I want to raise taxes on rich people. The republicans said, no go. Do you see any pathway to a deal here? There's going have to be a pathway to a deal here. You'll have a big hit on january 1st, SPENDING CUTS AND TAX Increases. Right now, both sides -- there's some middle ground. Is there a way to get new revenue out of the wealthy without raising their rates. George, thank you. Must-watch show this morning. Patty murray and saxby chambliss and powerhouseround table. Ron claiborne with the other top stories. Good morning, empbl.

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

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