Days before a budget crisis deadline will hit the U.S. economy, President Obama says, "I'm optimistic we may still be able to reach an agreement that can pass both houses in time."
The details of that agreement, which could avert automatic spending cuts and tax increases that are set to take effect on Jan. 1, would likely come from discussions between Senate Minority Leader Mitch McConnell (R-Ky.), and Majority Leader Harry Reid (D-Nev.).
The tortuous negotiations involved in the "fiscal cliff" talks are like a chess game.
To shed some light on the kinds of negotiation techniques that members of Congress might be using during the talks, we asked two negotiators to walk us through their tactics with examples from their everyday lives.
With negotiations to avoid the "fiscal cliff" uncertain at best, the Obama administration is trying to tamp down anxiety in the federal workforce.
The administration's message to various federal agencies is that there will be little immediate effect on public employees from the budget cuts scheduled to take effect next week if a deal is not reached. Treasury Department employees, for instance, were told not to expect "day to day operations to change dramatically on or immediately after January 2."