Democrats, Republicans apart on key "fiscal cliff" issues: Reid
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said on Sunday that Democrats and Republicans still had key differences in talks to avert a looming year-end "fiscal cliff," and he had not been able to make a counteroffer to the latest Republican proposal.
"I've had a number of conversations with the president and at this stage we're not able to make a counteroffer," Reid said on the Senate floor.
He said that as the day wears on, Democrats may be able to make such an offer.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.