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Sen. Shelby: I Don't Believe Democrats Are Negotiating Seriously Yet

4:38 PM ET Wed, 5 Dec 2012

Sen. Richard Shelby, (R-AL), reacts to Geithner's comments on the fiscal cliff to CNBC, and also explains why he is against raising taxes. "I'm against raising taxes because it takes money out of people that are productive and it takes money out of the economy," he says.