Obama threatens to veto fiscal cliff deal because it excludes some taxes
Lawmakers are playing Deal or No Deal in Washington, D.C.
President Barack Obama is now threatening to veto a Republican bill that House members will vote on today.
It calls for taxing households that earn more than $1 million, but the president wants increased taxes on those making $400,000 a year.
If a deal isn’t reach in the next two weeks, spending cuts and increased taxes will kick in.