After meeting with congressional leaders at the White House, President Obama said he was “modestly optimistic” that an agreement to avert the “fiscal cliff” could still be reached, the New York Times reports.
“This was the first time the group has met together in weeks to try to reach a resolution as Congress headed toward a rare New Year’s Eve session.”
Meanwhile, The Hill reports Senate Majority Leader Harry Reid (D-NV) and Senate Republican Leader Mitch McConnell (R-KY) are working to reach a deal on the fiscal cliff.
“The two have laid out a 48-hour plan for reaching a deal to prevent looming tax hikes and spending cuts, with both men indicating they’d offer something for their conferences to consider.”
The Week: Who will voters blame if we go over the fiscal cliff?
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