Political Headlines December 28, 2012: White House Fiscal Cliff Summit Brings Hope for a Deal

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

White House Fiscal Cliff Summit Brings Hope for a Deal

Source: ABC News Radio, 12-29-12

The White House

Washington brinkmanship appears to have created a last minute chance for the White House and Congress to agree on a plan to avoid sending the country over the fiscal cliff.

President Obama emerged from a White House summit Friday evening to say “we had a constructive meeting today” and that he was “optimistic” that they could devise a proposal ahead of a Jan. 1 deadline that would otherwise automatically trigger a wide range of higher taxes and steep budget cuts. Economists fear that such a combination could throw the country into a recession.

The president lamented that a deal is coming down to the final hours.

“The American people are watching what we do… (their) patience is already thin,” the president said. “It’s deja vu all over again.”…READ MORE

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