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PrintSen. Reid: nation appears headed over fiscal cliff
WASHINGTON (AP) -- Senate Majority Leader Harry Reid said the government appears headed over the so-called fiscal cliff because of a lack of progress in bipartisan negotiations.
The Nevada Democrat said it's up to congressional Republicans to come up with a plan that both houses would pass and President Barack Obama would sign.
Reid said of missing the Dec. 31 deadline to avoid the fiscal cliff, quote: "it looks like that's where we're headed."
Major tax hikes and spending cuts will hit most Americans if Congress and the White House don't reach a compromise by the year's end.
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