Obama ‘modestly optimistic’ on fiscal cliff deal after meeting

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ObamaWASHINGTON — A political summit on Friday at the White House left it to the Senate’s top Democrat and Republican to work out a possible compromise to avoid the fiscal cliff, participants said.

Senate Majority Leader Harry Reid, D-Nev., told reporters that the next 24 hours would be “very important” toward efforts to lessen the harshest impacts of the fiscal cliff, a combination of automatic tax hikes and deep spending cuts due to take effect at the start of the new year.

“Whatever we come up with is going to be imperfect. Some people aren’t going to like it, some people are going to like it less,” Reid said on the Senate floor after the meeting with President Barack Obama, other top congressional leaders and senior administration officials.

Reid’s Republican counterpart, Sen. Mitch McConnell of Kentucky, expressed hope that he and Reid could arrive at a proposal to present to their respective caucuses “as early as Sunday.”

Obama declared himself “modestly optimistic” that the Senate leaders can forge an agreement, but he warned that “nobody’s going to get 100% of what they want.”

In a statement to reporters, Obama also said that absent a deal, his latest proposal should be put to a vote, adding that he believed it would pass both the House and Senate with bipartisan support.

Congress has three days to come up with a solution before the end of 2012 brings the tax increases and spending cuts of the fiscal cliff.


For the complete CNN story, go here.

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  • dregstudios

    Will we ever see bipartisan politics in our country again? The fringe element within the Republican Party has pushed them all to the far right of the isle where they’ve gridlocked our government for two years now. Will the next two be any different? They’ve been very public about their main goal being to block and bamboozle the President’s every move. It takes many hands to paint the Blackface on Obama. See my visual report of his makeup session at http://dregstudiosart.blogspot.com/2012/10/bamboo

  • go here

    In my opinion Obama is a very good and noble leader. America has taken much strong decision when he was ruling. I wish all the best to this guy. He is so optimistic and full of positive energy. Thank you.

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