Morning Joe 03/12/13

Why the chances for a grand bargain may be fading

Politico Playbook: "[President] Obama thought he would be able to stare down Republicans over the sequester, and get them to double the size of his tax increase to avoid heavy defense cuts. He was wrong," writes Politico's Mike Allen and Jim VandeHei. Allen joins Morning Joe to discuss why the shot at a grand bargain may be fading. ... more Duration: {{video.duration.momentjs}}