Reid Says Deal Is Unlikely Before Fiscal Deadline [View all]
Source: New York Times
Senate Leader Says Deal Is Unlikely Before Fiscal Deadline
By JENNIFER STEINHAUER
WASHINGTON — Senator Harry Reid of Nevada, the majority leader, warned Thursday that there was scant time to put together a Congressional deal to avert the impending fiscal crisis and that no resolution was in sight.
“I have to be very honest,” Mr. Reid said as the Senate convened in an unusual session between Christmas and New Year’s Day. “I don’t know time-wise how it can happen now.”
Mr. Reid offered his pessimistic assessment shortly before President Obama, cutting his vacation short, arrived back in Washington on Air Force One. White House officials said that before leaving Hawaii, Mr. Obama had spoken separately by phone with each of the four Congressional leaders about the status of negotiations, but they gave no details of the discussion.
Mr. Obama is expected to invite all four lawmakers to meet on Friday. In a related development, House Republicans were told to return to Washington on Sunday. Republican senators were planning to convene at the Capitol — normally somnolent during Christmas week — to strategize.
On the Senate floor Thursday, Mr. Reid excoriated House Republicans for failing to consider a Senate-passed measure that would extend lower tax rates on household income up to $250,000. He urged House members to return to the Capitol to put together at least a modest deal to avoid the more than half-a-trillion dollars in automatic tax increases and spending cuts set to begin in January.
“The American people are waiting for the ball to drop,” Mr. Reid said, “but it’s not going to be a good drop.”
A spokesman for Senator Mitch McConnell, Republican of Kentucky and the minority leader, confirmed that he had spoken with the president, and said that Mr. McConnell was “happy to review what the president has in mind.” But the spokesman, Don Stewart, said Senate Democrats had not come ahead with a plan.
“When they do, members on both sides of the aisle will review the legislation and make decisions on how best to proceed,” Mr. Stewart said.
Read more: http://www.nytimes.com/2012/12/28/us/politics/senate-leader-fears-not-enough-time-for-fiscal-deal.html?_r=0
= new reply since forum marked as read