"Little Progress" on Budget as Fiscal Cliff Looms Ahead
Senate Majority Leader Harry Reid said Democrats and Republicans have made little headway in negotiations over how to avoid a year-end fiscal cliff.
"There's been little progress with the Republicans, which is a disappointment to me," Reid, a Nevada Democrat, told reporters today in Washington.
Reid said that following a Nov. 16 White House meeting, Republicans backed away from earlier openness to considering new tax revenue as part of a year-end deal to avert the so-called cliff, $607 billion in tax increases and spending reductions set to begin in January.
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%0D%0A"There's%20been%20little%20progress%20with%20the%20Republicans,%20which%20is%20a%20disappointment%20to%20me,"%20Reid,%20a%20Nevada%20Democrat,%20told%20reporters%20today%20in%20Washington.
%0D%0A
%0D%0AReid%20said%20that%20following%20a%20Nov.%2016%20White%20House%20meeting,%20Republicans%20backed%20away%20from%20earlier%20openness%20to%20considering%20new%20tax%20revenue%20as%20part%20of%20a%20year-end%20deal%20to%20avert%20the%20so-called%20cliff,%20$607%20billion%20in%20tax%20increases%20and%20spending%20reductions%20set%20to%20begin%20in%20January.
%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Faggregatedcontent%2Flittle-progress-budget-fiscal-cliff-looms-ahead%2F" target="_blank" class="email" data-post-id="15016" type="icon_link"> Email Email 0 Comments Comments