U.S. Senate leaders aim to craft 'fiscal cliff' bill by Sunday

WASHINGTON Fri Dec 28, 2012 5:46pm EST

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WASHINGTON Dec 28 (Reuters) - U.S. Senate leaders are aiming to craft "fiscal cliff" legislation by Sunday, the top Republican Senator Mitch McConnell said on Friday, after a discussion with President Barack Obama on how to avert the looming tax hikes and spending cuts.

McConnell characterized the meeting with Obama and other congressional leaders as "good" and said: "We are engaged in discussions, the majority leader, and myself and the White House, in the hopes that we can come forward as early as Sunday and have a recommendation that I can make to my conference."