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Obama: Fiscal cliff can be avoided

Obama: Fiscal cliff can be avoided
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Friday, December 28, 2012 - 6:26pm

The fiscal cliff deadline is rapidly approaching.

Congressional leaders met with President Obama at the White House for an hour-long meeting over budget talks to advert taking the country over the fiscal cliff.

Members left the White House this afternoon after meeting with the president on the budget negotiations to come up with a plan to prevent a series of automatic spending cuts and tax increases on that will go into effect on January 1.

One by one, Speaker of the House John Boehner, House Minority Leader Nancy Pelosi, Senate Minority Leader Mitch Mcconnell and Senate Majority Leader Harry Reid all departed without comment. 

President Obama addressed the nation this afternoon.

"I just had a good and constructive discussion at the White House with Senate and House leadership about how to prevent this tax hike on the middle class and I'm optimisic we may still be able to reach an agreement that can pass both houses in time. Senators Reid and Mcconnell are working on such an agreement as we speak" he said. 

Vice President Biden and Treasury Secretary Timothy Geithner also attended the meeting.
 

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