Senator Reid says little progress made on "fiscal cliff" talks

WASHINGTON Tue Nov 27, 2012 3:07pm EST

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said on Tuesday that he is disappointed that there has been "little progress" among Democratic and Republican lawmakers as they try to reach a deal to avoid the year-end "fiscal cliff."

Reid, a Democrat, told reporters that not much headway has been made since congressional leaders met with President Barack Obama on November 16.

"They talked some happy talk about doing revenues, but we only have a couple weeks to get something done," Reid said about Democrats' negotiations with Republicans. "So we have to get away from the happy talk and start talking about specific things."

Despite his tone of frustration, Reid also said he is optimistic that lawmakers ultimately will reach a deal to avoid plunging off the fiscal cliff, a convergence of an estimated $600 billion in tax increases and spending cuts that threatens to trigger another recession.

"I'm extremely hopeful, and I do not believe that the Republicans are going to allow us to go over the cliff," Reid said.

(Reporting By Karey Wutkowski; Editing by Eric Beech)

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Comments (1)
Why Harry, wasn’t it just last week the Dems were willing to drive over the cliff to get their beloved tax increases & military cuts.. all the while blaming the Republicans for ‘obstruction’?

Nov 27, 2012 5:01pm EST  --  Report as abuse
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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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