UPDATED 18:04 PM EST, December 21, 2012
WASHINGTON (AP) — President Barack Obama is meeting with Senate Majority Leader Harry Reid to discuss a way to avoid the fiscal cliff. The president plans to make remarks at the White House following their meeting.
A White House official says that Obama and Reid are discussing the next steps needed to avoid across-the-board tax increases and steep spending cuts scheduled to kick Jan. 1. Economists fear the combination could deliver a blow to the U.S. economy.
