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Obama to Congress: The Time For Immediate Action on Fiscal Cliff is Now

DevinDenver Wrote: Dec 28, 2012 9:33 PM
Yes, the Tea Party with their unreasonable requests of smaller government, better accountability from government and more personal freedoms have brought all of this havoc on us. Glad YOU were the one to see this, gama. You are the MAN!

So how did the last-ditch fiscal cliff meeting go this afternoon? Not great. President Obama again put forth the scaled-back version of the proposal he pitched last week.

A source familiar with the meeting told CNBC that Obama was not making a new offer; just laying out what he thinks can pass the House and Senate. That includes keeping the tax cut for those making up to $250,000 and an extension of unemployment insurance for 2 million people. He will then ask the participants what they are willing to support, and if they don't have a counterproposal that...