Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Obama: modestly "optimistic" fiscal cliff deal can be reached

Saturday, December 29, 2012 - 01:32

Dec. 28 - President Obama held out hope for a last-minute agreement to avoid the ''fiscal cliff'' after a meeting with congressional leaders. Deborah Lutterbeck reports.

▲ Hide Transcript

View Transcript

Congressional leaders headed into the White House Friday for meetings aimed at averting the fiscal cliff. Afterwards U.S. President Barack Obama expressed optimism that a deal can be reached. (SOUNDBITE) (English) U.S. PRESIDENT BARACK OBAMA SAYING: "I just had a good and constructive discussion at the White House with the Senate and House leadership on how to prevent this tax hike on the Middle Class. I am optimistic that we may still reach an agreement that can pass both House in time." On Capitol Hill, Senate Majority leader Harry Reid said the meetings went well. (SOUNDBITE) (English) SENATE MAJORITY LEADER, SENATOR HARRY REID SAYING: "But, I think it was a very positive meeting. There was not a lot of hilarity in the meeting. Everyone knows how important it is. It was an important meeting and it took a period of time, as you all know, waiting for us." These views were echoed by Minority leader Mitch McConnell. (SOUNDBITE) (English) SENATE MINORITY LEADER, SENATOR MITCH MCCONNELL SAYING: "I share the view of the Majority leader. We had a good meeting down at the White House. We are engaged in discussions the Majority Leader, myself and the White House in the hopes that we can come forward as early as Sunday and have a recommendation that I can make to my conference and the Majority Leader can make to his conference and so we'll be working hard to try to see if we can get there in the next twenty four hours and so I am hopeful and optimistic." Without a deal $600 billion in tax hikes and federal spending cuts will begin to take effect January 1st.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Obama: modestly "optimistic" fiscal cliff deal can be reached

Saturday, December 29, 2012 - 01:32

Top News »

Editors' Picks »

Most Popular »

Business »

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

Oddly Enough »

Christie's opens new Shanghai office Christie's opens new Shanghai office

Wed, 22 Oct, 2014 - (1:13)

White lion cubs unveiled to the public White lion cubs unveiled to the public

Tue, 21 Oct, 2014 - (1:01)

Ebola Halloween getup stirs controversy Ebola Halloween getup stirs controversy

Tue, 21 Oct, 2014 - (1:14)

Cuddly Ebola toy almost wiped out Cuddly Ebola toy almost wiped out

Mon, 20 Oct, 2014 - (0:34)

New MoMA exhibit cut out for Matisse New MoMA exhibit cut out for Matisse

Thu, 16 Oct, 2014 - (1:28)

London's Frieze art fair tests your senses London's Frieze art fair tests your senses

Thu, 16 Oct, 2014 - (1:28)

Paris streets become gallery for Plato-inspired sculptures Paris streets become gallery for...

Wed, 15 Oct, 2014 - (1:21)

Music project helps low-income kids even before birth Music project helps low-income kids even...

Tue, 14 Oct, 2014 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)