Sponsored Links

Sen. Reid says little progress made on U.S. 'fiscal cliff' talks

WASHINGTON | Tue Nov 27, 2012 3:06pm EST

WASHINGTON Nov 27 (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 Nov. 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.
Stocks
Bonds News
Bonds
Markets
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
Fuzzy57 wrote:
As far as I am concerned, Harry Reid, Nancy Pelosi both need to retire and get out of politcs. I feel they are very detrimental to the process and are only concern with the power they have and what politics have done for them financially. They have no character or class or are even concern with the damage they have done to this country.

Dec 01, 2012 12:07am EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
See All Comments »