President Obama and congressional leaders from both major parties met at the White House this morning for the first of what will likely be many negotiations aimed at averting a plunge over the so-called fiscal cliff.
We watched for news from the key players — who include House Speaker John Boehner, R-Ohio — and updated with highlights.
As the lame ducks waddle up to Capitol Hill for the final few weeks of this Congress, some political observers are hoping they will bring the "Spirit of 2010" with them.
Despite all the partisan bickering, the lame-duck session two years ago — bolstered by a bevy of outgoing Democrats with nothing to lose — actually got big things done, including the $850 billion stimulus and tax cut deal, a measure setting in motion the repeal of "don't ask, don't tell," passage of the defense authorization bill and an arms treaty.
Listen carefully to both President Obama and Republican leaders, and you hear hints of room for compromise. They're talking of taxes and spending as a deadline approaches, December 31st, when higher taxes and spending cuts would take effect. That would reduce the federal deficit, but also damage the economy, according to forecasters.