Reid says 2 sides still apart on 'fiscal cliff'

December 31, 2012 @ 8:16 am

WASHINGTON (AP) - Senate Majority Leader Harry Reid says the two sides are still apart as they race against a midnight deadline for resolving their differences over the "fiscal cliff."

The Nevada Democrat says negotiations are continuing. But he cautioned that bargainers are running out of time and still have differences over some issues, though he did not say what still divides them.

Reid's remarks came Monday morning after the two sides narrowed their differences during an evening of bargaining between Senate Minority Leader Mitch McConnell and Vice President Joe Biden.

Without agreement by midnight, wide-ranging tax increases and budget-wide spending cuts _ the so-called fiscal cliff _ will begin taking effect. Though the impact of those changes would be felt gradually, economists have warned that they could cause recession if left intact.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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Comments (4)


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  • longwayhome wrote...
    mcconell idiot
    December 21, 2012 9:46 am
    Talking about filibustering, that's the republican way of saying "we don't know what we're doing, so let's stick our heads in the sand again" Pathetic bunch of over-paid, under performing idiots. 2014 can't come soon enough.
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  • It's me! Ha ha! wrote...
    The Nevada Democrat says it's up to congressional Republicans to come up with a plan that both houses would pass and President Barack Obama would sign
    December 27, 2012 6:55 am
    And the Republicans have! Plan A and Plan B! Rejected by the UN accountable Dear Leader!

    Where is the Dear Leaders Plan ANYTHING? Besides raising taxes on Americans.

    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • murr wrote...
    His plan was to head out of town on a vacation, when things are heading over cliff.
    December 27, 2012 8:16 am
    Ya Ya Ya Im sure thats what a business owner would do, when he knows his business is going down the tube. Oh ya, this is Goverment, non accountability, and run up the debt so I can introduce you to this cliff. Funny Funny leaders.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • CH wrote...
    And the Republicans have! Plan A and Plan B! which Boner could not pass in his House of Circus Clowns . . .
    December 31, 2012 10:58 am
    so he when to Plan C. Cee ya and is hitting the bottle hard. His lights will out before midnight. When he wakes up it will be February 2013.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • { "Thumbs Up":"1","Thumbs Down":"-1" }