Reid Says Parties Making Little Progress in Budget Talks
By Kathleen Hunter - Nov 27, 2012 3:43 PM ET
Senate Majority Leader Harry Reid said Democrats and Republicans have made little headway in negotiations over how to avoid a year-end fiscal cliff.
“There’s been little progress with the Republicans, which is a disappointment to me,” Reid, a Nevada Democrat, told reporters today in Washington.
Reid said that following a Nov. 16 White House meeting, Republicans backed away from earlier openness to considering new tax revenue as part of a year-end deal to avert the so-called cliff, $607 billion in tax increases and spending reductions set to begin in January.\
“They talked some happy talk about doing revenues, but we only have a couple weeks to get something done,” Reid said. “So we have to get away from the happy talk and start talking about specific things.”