Obama says immediate action needed on fiscal cliff

president obama, presidential seal, generic

Credit: Associated Press

Obama says immediate action needed on fiscal cliff

Print
Email
|

Associated Press

Posted on December 28, 2012 at 7:10 PM

WASHINGTON (AP) -- President Barack Obama says "the hour for immediate action is here" on a deal to avert the fiscal cliff.
 
The president says he remains "optimistic" that an agreement can be reached in Congress before a looming year-end deadline to avoid tax increases and spending cuts.
 
If Congress can't reach a deal, the president says Congress should allow a vote on a basic package that would preserve tax cuts for middle-class Americans while extending unemployment benefits for the long-term jobless and working toward a foundation for a broader deal.
 
The president says an hourlong meeting Friday with congressional leaders was "good and constructive."
 
Senate leaders say they hope to reach a compromise that could be presented to lawmakers by Sunday, little more than 24 hours before the deadline.

Print
Email
|