Congressional leaders to meet with President Obama tomorrow

28 Dec

Fiscal CliffBarack Obama will meet congressional leaders on Friday as members of the House of Representatives prepare to return to Washington for a last-ditch attempt to head off the year-end fiscal cliff budget crisis.

Republican speaker John Boehner said the House will reconvene on Sunday evening, with less than 30 hours until the US reaches the fiscal cliff deadline. Boehner warned politicians they may be working through next Friday – after the 31 December deadline – to reach a deal to avert massive tax hikes and spending cuts

With five days to reach a political solution, Nevada senator Reid said the deadline would probably be missed. “It looks like that’s where we’re headed”, he said on the Senate floor on Thursday. “The American people are waiting for the ball to drop, but it’s not going to be a good drop.”

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