News Column

US Leaders Make Last Ditch Try to Rescue Fiscal Cliff Talks

Dec 28, 2012

Leaders of both US political parties in the Senate said Friday they would try to hammer out a deal to avert the fiscal cliff in the next 48 hours after meeting with President Barack Obama for just over an hour.

Senate Minority Leader Mitch McConnell, a Republican, and Majority Leader Harry Reid of the Democrats said they would try to have a recommendation by Sunday, one day ahead of the deadline to prevent tax increases on nearly all Americans.

Obama was to make remarks after 2245 following a White House meeting with congressional leaders at which he had been expected to demand an up or down vote in Congress on his proposal that would allow taxes to rise only on Americans earning more than $250,000 a year.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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