Lawmakers see 'fiscal cliff' deal as elusive
U.S. President Barack Obama (C) holds up a pen while speaking to the media in the East Room of the White House, as Vice President Joe Biden (L) listens on November 9, 2012 in Washington, DC. (Photo by Mark Wilson/Getty Images)
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 12/24/2012
WASHINGTON - With anxiety rising as the country lurches towards a "fiscal cliff," lawmakers are increasingly skeptical about a possible deal and some predict the best possibility would be a small-scale patch because time is running out before the yearend deadline.
Sen. Joe Lieberman predicted Sunday: "We're going to spend New Year's Eve here, I believe."
Even those who see the possibility of a deal don't expect a lot.
Sen. Kay Bailey Hutchison, R-Texas, said she expects "it is going to be a patch because in four days we can't solve everything."
If the country heads over the fiscal cliff, that would mean higher taxes for most Americans and painful federal agency budget cuts.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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