2. More: Package from president would avoid hardest impacts of fiscal cliff
A Republican senator said Obama told Senate Minority Leader Mitch McConnell, R-Kentucky, that the president's plan would arrive on Thursday, and a Senate Democratic leadership member also said that was the approach being taken. Both sources spoke on condition of not being identified further.
The move would answer McConnell's call for the president or Senate Democrats to make the first move in the political standoff over how to prevent or soften automatic tax hikes and spending cuts of the fiscal cliff set to take effect in the new year -- just five days away.