Several Democrats Propose Driving Off Fiscal Cliff

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Congress is back in session and some Democrats are pushing the unorthodox idea of doing nothing to stop the looming "fiscal cliff."

They say if the tax hikes and spending cuts are allowed to take effect Jan. 1, Republicans would have a weaker hand at the bargaining table.

"We will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. And whatever we do will be a tax cut for whatever package we put together. That may be the way to get past this," Sen. Patty Murray, D-Wash., told ABC's "This Week."

The White House, however, said it wants a deal without falling off that "fiscal cliff."

President Barack Obama is looking to leverage his re-election into legislative victory in negotiations with Republicans.

House Speaker John Boehner has said his party is willing to consider some form of higher tax revenue, but only "under the right conditions."

Meanwhile, Reuters reports the budget deficit rose for the first month of the 2013 fiscal year, which began in October.

The October deficit was $120 billion, a 22 percent spike from $98 billion in October of 2011 and $7 billion more than economists predicted.

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