Saturday, September 26th | 8 Tishri 5781

Subscribe
December 28, 2012 5:06 pm

Lawmakers Seek to Avoid Fiscal Cliff in Final Talks

avatar by News Editor

Senate Majority Leader Harry Reid.

Fox News – President Obama and congressional leaders were facing a rapidly shrinking set of options for averting the fiscal crisis as they met Friday afternoon, with Senate Republican Leader Mitch McConnell warning they are “running out of time.”

Just a few weeks ago, lawmakers had high hopes for a “grand bargain” that would narrow the deficit, overhaul the tax code and set the country on a course to curb its entitlement spending — all while averting massive tax hikes and spending cuts set to hit Jan. 1.

Read full story.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.