Over the fiscal cliff: Soft or hard landing?

UPDATED 11:36 AM EST, December 28, 2012

WASHINGTON (AP) — Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared.

President Barack Obama, on his way out of town himself, insisted a bargain could still be struck before Dec. 31. "Call me a hopeless optimist," he said. Obama returned from vacation Thursday and called congressional leaders to the White House Friday in hopes of reaching a deal.

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