(CNN) – Following a day of ups and downs in the fiscal cliff talks, Senate Majority Leader Harry Reid said the Senate will meet back again Monday, meaning there will be no vote on a deal Sunday night.
The chamber will reconvene at 11 a.m. ET, he announced on the Senate floor. Saying there's "still significant distance between the two sides," Reid confirmed negotiations are continuing, nonetheless.
"We'll have further announcements perhaps at 11 in the morning. I certainly hope so," Reid added.
Monday marks the final deadline for a deal to avert a large combination of tax hikes and spending cuts to kick in at the start of 2013.
Also on the floor, Reid said he was "really gratified to hear the Republicans have taken their demand for Social Security benefit cuts off the table."
Earlier in the day, talks seemed to come to a standstill after a Democratic source told CNN that Republicans were insisting any deal include chained CPI, a move that Democrats staunchly opposed.
Chained CPI would change the way Social Security benefits are adjusted for inflation, effectively meaning Social Security recipients would receive less money over the years.
Multiple senators later told CNN that the provision was no longer part of the talks.
"The truth is they should never have been on the table to begin with," Reid said.
– CNN's Dana Bash, Ted Barrett, and Ashley Killough contributed to this report.
So, how is the crowd going to spin this one as the Republicans being at fault??? BOTH PARTIES are part of the problem, not the solution.
And the Republlicans screw themselves again. We need such a house-cleaning in the Senate and the House, it's unreal.
Oh please Reid, Obama,is the one who put it on the table in the 1st place. let reid tell it he wants the dems to give up nothing. sorry to break it to you Harry, but we just dont have enough rich people in this nation to tax our way out of this mess. We need to make so real cuts.
The GOP/Tea Party is in disarray with no focus, goal, or message. The only tactic they know is delay, delay, and more delay. They need to be more realistic and open to compromise in future negotiations.
entitlements are exactly what they are ... we are entitled to SS and Medicare ... I will vote every Republican out ... take it out of farm subsidies, the defense budget, foreign aid .. stop helping everyone else .. start helping Americans .. and that is not the Republican stance ... out they go!!!!!!!
There is going to be such a backlash if they don't get it done. I say freeze their pay and benefits if they don't. Time for the consequences of their inaction.
why are the republicans defending tax breaks for the rich? let their taxes go up! what is the worse that can happen? what, some spoiled bratt wont get a brand new lamborgihni from daddy on his 16th birthday? its time for the rich to stop getting a free ride off our sweat! most of us are busting our butts to make ends meet, living paycheck to paycheck and hope the car don't break down on the way to work. f*#k the republican party! they have proven their loyalty to the rich and elite. they look down on the average working man as if we are second class, pesents.
Send Boehner and McConnel to jail as terrorists- that might inspire the GOP to work for all Americans instead of just Norquist.
I don't get it! We hired these lame republican senators so we can fire them or at least call for their resignation. They don't work for grover norquist or anyone else they work for the American people or are supposed to. If they aren't working for us it's time to get rid of them.
The American people, deserve better. That's all that needs to be said.
Off the cliff we go!
we really need more women in congress with positions of power so things can get done. And this statement is coming from a male.
It's called negotiating Harry – you put things on the table and take things off until you reach agreement. Perhaps you should try it rather than just demanding everything that you want.
These people are insane! IF they believe we are looking for handouts they are loony. We are only expecting to live the same quality of life as they live. I agree with Brokaw, people like him and those up on the hill should waive their medicare and social security. Most of us have worked hard for our payments. More than congress! What the GOP need to do is start showing they are true patriots and start having more respect for the president and people in this country
Nothing will happen and it will be the fault of the GOP who don't care what the public wants.
That's another way of saying the Republicans spent a lot of their political capital on something they should not have.
Come on, Harry, put on that Magic Underwear and do something!
Compromise is word not in the Tea Party/GOP lexicon. Boehner, and McConnell and their kind been bought and paid for by the Koch brothers and have sworn their primary allegiance to Grover Norquist – and not to uphold the Constitution on behalf of the American people. They are the servants of the very wealthy and the rest of the country can drop dead as far as they are concerned.
...postpone for the Kickoff...come in at 11, after the Party...
Havent been doing yr jobs 4 two yrs now. So what's new. Take care of low hanging fruit. 250 k, unemployment and doc fix. Then fix the rest n new year. I say we off set spending cuts w all yr salaries!
Well no vote Sunday night ( at 21:00 pm ) announcement by Reid, and despite the House in theory having been prepared to convene at 18:00.
Message is simple we are going over the cliff and then will vote the tax reduction for the under 250K's. What they forget is thier has been no withdrawal of the budget act cuts in anything Obama has proposed and which Reid is presumably drafting or already drafted per Obama's instructions.
To senator Corker and Candy the President does not legislate, congress does and when it comes to spending those bills must originate in the House... he says five weeks ago he made bill proposals ( spending cuts) to the president... on whose authority? The House of representatives, Speaker Boehner, did it ever get a vote on the floor of the House if not its pure hot air and wind, and what were they any way??.
Candy you let these people spin whatever story they like and never ask the hard question, Like what were your spending cut proposals Repeal PPACA??
Ps by the way who first came up with chained Cola in cost cut negotiations Obama I believe and Corker dont know any details.... awe shucks on holiday didnt here that! Candy!? There were details out there and he didnt know you really let him off the hook so easily.
the republicans and boehner got until monday if no fiscal cliff agreement then obama go ahead an pass the fiscal cliff bill you want the people have
The BIG THREE should not be on the table unless it only affects the same group that will be affected by the tax increase(above 250K). Otherwise, FORGET IT. Ms Clinton 2016