"Significant differences" stand in way of fiscal cliff deal: Reid
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said Democrats and Republicans need to resolve significant differences to reach a deal to averting the "fiscal cliff" of looming tax hikes and spending cuts.
"There are still significant differences between the two sides," Reid said on the Senate floor, adding that negotiations were continuing.
"There is still time left to reach an agreement and we intend to continue negotiations," he added.
(Reporting by David Lawder; editing by Christopher Wilson)
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Thai PM calls snap election, protesters press on
- Singapore hit by rare outbreak of rioting, 27 arrested |
- Billy Joel, Shirley MacLaine feted at Kennedy Center Honors
Nelson Mandela: 1918 - 2013
Reuters looks at the life and times of Nelson Mandela, an icon of peace and reconciliation who came to embody the struggle for justice around the world. Video