Political Headlines December 30, 2012: Major Setback in Last-Ditch ‘Fiscal Cliff’ Talks

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Major Setback in Last-Ditch ‘Fiscal Cliff’ Talks

Source: ABC News Radio, 12-30-12

Democratic Senate Leader Harry Reid (D-Nev.) on Sunday rejected the latest offer from Republican Leader Mitch McConnell (R- Ky.), pushing the country that much closer to the fiscal cliff as the senators scrambled to find a bipartisan deal before automatic tax cuts and spending hikes kick in for the new year.

A senior Democratic aide says that, although talks continue, the McConnell offer was “a major setback.”

“We are hugely disappointed,” the aide tells ABC News….READ MORE

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