By Nancy Cordes
The White House and congressional leaders have until January 1 to work out a budget deal.
Whatever happens next may essentially be a last-ditch effort to avert the “fiscal cliff.” Sources tell CBS News that aides to the president have been in preliminary talks with aides to Senate Majority Leader Harry Reid, who himself was in Hawaii this weekend for the funeral of Sen. Daniel Inouye.
Reid is now working, sources say, on a smaller package than the comprehensive deal the president was working on with Boehner. The package would prevent tax rates from rising for middle-class families and perhaps cut some spending and tie up a few other loose ends… (Excerpt)
- “Fiscal cliff” deal could fall in Harry Reid’s hands (cbsnews.com)
- Harry Reid Urges Hawaii Governor To Make Quick Appointment After Death Of Daniel Inouye (huffingtonpost.com)
- Reid: Senate will not hold vote on Boehner’s ‘Plan B’ (dailykos.com)
- Pressure grows on Senate Democrats to act on ‘fiscal cliff’ (thehill.com)
- NEW INFO: Obama Remarks On Fiscal Cliff (witn.com)
- Still time to dodge cliff, president, speaker say (rep-am.com)
- HARRY REID: ‘I Like John Boehner, But Gee Whiz, This Is A Pretty Big Political Battering He’s Taking’ (businessinsider.com)
- Reid urges quick appointment of Inouye successor (kansascity.com)