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Fiscal Cliff Deadline Looms, Still ‘Significant Distance’ Between the Two Sides

pascagoulapappy Wrote: Dec 31, 2012 12:50 PM
We will have to raise taxes. We will have to cut spending. When? Some vague time in the future. "Tomorrow and tomorrfow and tomorrow Creeps in this petty pace from day to day To the last syllable of recorded time . . ." Shakespeare, MacBeth

 

The new year is fast approaching and there’s still “significant distance between the two sides,” according to Harry Reid. However, he also said there’s still time to reach an agreement. The House Rules Committee approved a rule that would allow the chamber to immediately consider a Senate deal—although, with less than 24 hours left to strike a deal, time is quickly running out. The Senate will reconvene at 11am.

Where negotiations stand (via The Hill): 

Leaders in the upper chamber narrowed their differences Sunday as Republicans agreed to drop a demand to...

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