Pelosi calls Plan B an 'act of desperation'

Calling the Republicans' "Plan B" strategy "an act of desperation," Minority Leader Nancy Pelosi (D-Calif.) warned GOP leaders Wednesday that they're on their own getting the bill through the House.

"The Plan B will not pass as a result of Democratic votes," Pelosi told reporters in the Capitol. 

Leaders in both parties are whipping furiously ahead of Thursday's expected vote on Speaker John Boehner's (R-Ohio) plan to extend a tax break next year only for incomes below $1 million per year, which he called Plan B, if his talks with President Obama on a much larger fiscal-cliff package break down.

Read more from The Hill.