In an interview that will air in its entirety on Sunday’s “This Week,” House Democratic Leader Nancy Pelosi gave ABC’s Martha Raddatz a firm “no” when asked if a deal to avert the so-called “fiscal cliff” could exclude tax rate hikes on the wealthy. Pelosi, D-Calif., said that simply closing loopholes and capping tax deductions for the wealthy would not suffice.

“Well, no… just to close loopholes is far too little money,” Pelosi said. “If it’s going to bring in revenue, the president has been very clear that the higher income people have to pay their fair share.” …

“The spirit at the table was one of everybody wants to make the best effort to get this done. Hopefully that is possible; hopefully it is possible by the middle of December so the confidence of the markets and most importantly the confidence of the consumers returns to infuse our economy with demand, which creates jobs,” Pelosi said.