December 31st, 2012
03:11 PM ET

Obama says 'fiscal cliff' deal in sight

An agreement to avert the "fiscal cliff" of automatic tax increases and spending cuts appears to be "within sight," President Barack Obama said Monday.

The deal would prevent a tax increase for the overwhelming majority of Americans, extend the child tax and tuition credits for families as well as those for clean-energy companies and extend unemployment benefits for two million people, Obama said.

"There are still issues left to resolve, but we are hopeful Congress can get it done," Obama said.

Nevertheless, he did not sound hopeful a deal was imminent, saying he expected to remain at the White House for New Year's Eve while lawmakers used up every last second available to them.

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Filed under: Politics
soundoff (23 Responses)
  1. banasy©

    Uh huh.
    Always the 11th hour garbage, when it could have been done MONTHS ago.
    Two words: term limits.

    December 31, 2012 at 4:03 pm | Report abuse |
  2. Anders Behring Breivik (King of the Island)

    Happy New Year to all my supporters/fans and admirers!

    December 31, 2012 at 4:08 pm | Report abuse |
  3. KwaiChangCain

    They can't get 1 important thing done? That theyve known as a looming problem for a year?! What's the point of electing these guys? This is govt at its worst. Boehner already pointing fingers, but his side is to blame. Manup and take some responsibility for once.

    December 31, 2012 at 5:59 pm | Report abuse |
  4. saywhat

    I have my doubts if there would be a House vote tonite. Likelihood is that we would go over the cliff.
    We have proved as a people that we can be led whichever way those playing gods up on the mount want. So whatever comes our way is what we deserve.

    December 31, 2012 at 6:25 pm | Report abuse |
  5. saywhat

    A Happy & Blissful year 2013 @ banasy@chrissy@dazzle@bobcat@portland tony@Philip@ JI-F@ Hide Behind@Mary@Scottish Mama and all fellow bloggers.
    May the new year be of Peace & Harmony.

    December 31, 2012 at 6:29 pm | Report abuse |
  6. chrissy

    And a VERY, VERY HAPPY NEW YEARS to you @ saywhat you dear man!

    December 31, 2012 at 7:06 pm | Report abuse |
  7. the prophet

    Please Governmenr save us the suspense, either way you are broke and do are we.

    December 31, 2012 at 7:35 pm | Report abuse |
  8. s kel

    I just had one with, mushrooms pep,xtra cheese. It was good too, Happy New yr to you Saywhat!

    December 31, 2012 at 8:36 pm | Report abuse |
  9. s kel

    True cnn.....probably wont show this.

    December 31, 2012 at 8:42 pm | Report abuse |
  10. s kel

    let everyone speak CNN!

    December 31, 2012 at 8:45 pm | Report abuse |
  11. chrissy

    HAPPY NEW YEARS @ s kel! Im praying for a blessed better year for you and the rest of my blogging family!

    December 31, 2012 at 9:05 pm | Report abuse |

    blasted Repubs... they are more concerned with not cheesing off Grover Norquist than doing what's right. Who is this Norquist bum anyway. How dare he dictate to lawmakers what and what not to do. Kiss off Grover. Stand your ground Mr. Prez.!!! Hillary 2016

    December 31, 2012 at 9:23 pm | Report abuse |
  13. deal

    there wouldn't be any problem – if they just extended the bush tax cuts as is- and cut spending on the side. But Obama had to raise taxes on his 'rich' scapegoats to please- the goats that voted for him- for political not economic reasons .That the whole reason, we have this problem.

    December 31, 2012 at 9:28 pm | Report abuse |
  14. deal

    The republicans should just pass a bill in the house extendng the bush tax cuts- let Obama and the democrats shoot it down in front of the public eye, and take responsibility for it. Why was Behner, trying to cut deals with Obama, instead of just doing this? Makes no sense. If they did this a month ago- the whole problem would have been solved by now. I question Behner's ability to lead – let Paul Ryan take over.

    December 31, 2012 at 9:33 pm | Report abuse |
  15. Joey Isotta-Fraschini ©™

    Happy New Year to all my fellow bloggers!

    December 31, 2012 at 11:01 pm | Report abuse |
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