The country is just days away from taking a dive off the “fiscal cliff” if a last-minute plan doesn’t take shape.
President Barack Obama has invited all four leaders of the House and Senate for a “fiscal cliff” summit at the White House at 3 p.m. Friday in hopes of reaching a deal. It will be the president’s first meeting with Congressional leaders since Nov. 16.
The meeting is seen by many as the last chance to hash out a deal before the country falls off and Americans see drastic tax hikes.
Obama called for the meeting as top lawmakers alternately cast blame on each other while portraying themselves as open to a reasonable last-minute bargain.
Senate Democratic Leader Harry Reid all but conceded that any effort at this late date was a long shot. “I don’t know timewise how it can happen now,” he said.