December 29th, 2012
05:37 PM ET
8 years ago

Senate leaders to try to work out fiscal cliff deal over weekend

Washington (CNN) - The Senate's top Democrat and Republican are working this weekend to forge a compromise to prevent the country from going over the fiscal cliff, the combination of sweeping spending cuts and widespread tax increases that will otherwise take effect in days.

Senate Majority Leader Harry Reid, D-Nevada, on late Friday afternoon called the next 24 hours "very important" in the grueling effort to avert a crisis that has been two years in the making. House Speaker John Boehner has called on the Senate to go first, and then his chamber - which reconvenes Sunday - will act.


Filed under: Harry Reid • Mitch McConnell • Senate
soundoff (16 Responses)
  1. wm frederick

    I am not so sure why we are in such a big hurry to have the Republicans and Democrats get together and work on our taxes. The last time they got together Bill Clinton and Newt Gingrinch gave us NAFTA. If those two had gone out for dinner they probably could not have even agreed upon an appetizer to share but yet theymanaged to agreed to send millions of jobs overseas. I'll take the fiscal cliff because no matter how bad it might be anything negotiated from Washington Dc would probably be WORSE!!!

    December 29, 2012 06:09 pm at 6:09 pm |
  2. miklea supporter, but

    Look who is running the country. It's a joke. The looser is American people.

    December 29, 2012 06:10 pm at 6:10 pm |
  3. Donald Berrian

    How do you close the budget deficit and avoid Federal bankruptcy without losing the next election:
    1. Pass a law that does it but delay implementation until after the next election and claim that is is just intended to force both "sides" to make a "better" deal that won't actually raise taxes or damage any of the special interests.
    2. After the election, claim that the two parties can't agree on an alternative, pass that off as a disaster, and convince your base that it is the other guy's fault.
    3. Allow the law to take effect and spread more fear and panic.
    4. Make minor revisions and claim to have "saved" the taxpayers and various sacred cows.
    5. Send the IRS to collect the cash from those who have most of it, still the middle class in this country.
    6. Take advantage of the two years before the next election and create lots of noise to distract the public.

    It is unfortunate that "We, the People" have to be treated like foolish children and tricked accepting the inevitable. One thing is for sure, we have the government we deserve and they provide good entertainment value for what we pay them. No one in Hollywood could put on a better show!

    December 29, 2012 06:19 pm at 6:19 pm |
  4. MMDM

    Republicans are living proof that people can create their own worst case scenareo. They are elected on the premise that government does not work which the prove to themselves time and time again. They believe the country has been going down the tubes for the past century and they do everything in their power to prove that to themselves time and time again. I'm not saying the want to destroy the country intentionally. The more one fears the more one's fear's come to pass. This is what they do and they are doing it again, and they will do again and again. I'm not buying for a second the lame argument that both sides are to blame. I think the media is constantly wary of being accused of favoring one side over the other and for that reason the tend to spread the myth that both sides are equally inept. I blame Republicans 100%. They created this mess and they have done everything in their power not to fix it. All the while their elite class of punditry command legion's of the willfully ignorant to shout all others down by calling them the ignorant one's. I understand a lot of the crazier Right Wingers believe the world is ending and therefore there is little reason to be concerned with the long term, unless it suits whatever argument they happen to be pushing this week. But with that aside; people of the future will look back on the people of this time and wonder just how could the most idiotic and simple minded arguments have such a profound affect on the majority.

    December 29, 2012 07:23 pm at 7:23 pm |
  5. Name lynn

    well good luck senator leaders you all are going to need it because when it all said an done the fiscal cliff is going beyoung and above thats mean you all lost your battle with obama an we all be paying taxes thats includes the rich

    December 29, 2012 07:28 pm at 7:28 pm |
  6. Mike

    It's not a cliff it is reality. The fiscal cliff in not enough cutbacks not too much. It is amazing how in a recession it isn't time to cut spending but to stimulate. Then the economy recovers and we can't cut spending otherwise we might stop the bull market. A family whos debt increases every year is considered foolish yet somehow that is okay for a government crazy.

    December 29, 2012 07:29 pm at 7:29 pm |
  7. Gurgyl

    Obama–please do some substantial tasks. Time goes very fast–four years will pass by just like that–good luck, god bless you–happy new year to you and entire my nation.
    PS: I know I am not born in here–but I am a proud citizen of USA.

    December 29, 2012 08:16 pm at 8:16 pm |
  8. Name ron anderson

    I figured out what happened to by the people for the people..the buck stopped an we all fell pushed off

    December 29, 2012 09:17 pm at 9:17 pm |
  9. Concerned citizen

    Get rid of their pensions, etc. for serving just one term! Pay them according to how many days they worked! Suckers!

    December 29, 2012 10:04 pm at 10:04 pm |
  10. wiseup

    wiseup: I have to laugh.Boehner can't get any tax revenue passed through house. He asked the senate to come up with something. Then when house reconvenes Boehner and his chamber will act [ like idiots ] and reject offer. Who is Boehner kidding.

    December 29, 2012 10:07 pm at 10:07 pm |
  11. Pkm

    If they do any think to stop social security checks there will be a big riot does the gop care about the poor at all

    December 29, 2012 11:12 pm at 11:12 pm |
  12. J.V.Hodgson

    I see no prospect of a deal even if Harry reid and McConnel can agree something. it will not pass the house as long as it has any tax increase.
    Then Obama's fallback goe into place and that might pass the Senate but fail in the house. the tea partiers are too dogmatic and ideological to let anything pass they will argue the fiscal cliff caused by Obam is necessary medicine for the US Economy and more importantly debt reduction.

    December 29, 2012 11:17 pm at 11:17 pm |
  13. Larry in Houston

    LOL – now they are "trying" to go for it – over the weekend, huh ? LOL – they had all year – they were figuring on a "one termer" that's why they waited so long. The Voters should Just let them go over their so called "cliff" – – the most that will happen is the stock market will go sour for a few weeks, (then it will Re-bound) and a few companies will end up laying some people off, but that will be pretty much it. IF they don't find a way to actually LOWER that 16.3 trillion problem, this country will be in some kind of trouble. A reduction in a 10 year span isn't going to cut it. IT HAS TO BE in 4 years, or 5 years, NOT 10 . This Congress ( especially Boehner) is the worst bunch of worthless people that I've ever heard of. IF anybody ELSE done a Job like our Faithful people in Congress does – they would be fired from their Job in a heartbeat. What a pitiful bunch of pathetic people, Boehner / McConnell / Cantor & the list goes on. I can honestly say that even some of the republicans that I talk to, thinks that their OWN elected people in their OWN Party isn't that great, and are frankly ashamed & embarrassed that they have people like this, in an elected office.

    December 30, 2012 12:18 am at 12:18 am |
  14. Thomas

    House Speaker John Boehner needs to grow up .

    After four years of striving to make Obama a one term president . Its about time he starts getting real.

    December 30, 2012 02:20 am at 2:20 am |
  15. anonoymous

    The gop is acting like a kid who received his science project assignment at the beginning of the term and waited until the weekend of winter break to start it. Well just like that one project determines your grade this fiscal cliff mess will detemine who goes and who stays...

    December 30, 2012 02:22 am at 2:22 am |
  16. jane

    Thw WORST Congress EVER.....Why do they contiinue to wait to the last minute for EVERYTHING!!!!!

    December 30, 2012 06:25 am at 6:25 am |