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Obama Keeps Pressure on Congress to Reach Agreement

Bush-era law authorizing lower tax rates expires at the end of the year, which means taxes will increase for all taxpayers on Jan. 1 unless Congress acts and the president signs a new bill into law.

Reid, McConnell Launch New Effort To Avoid Fiscal Cliff

</p> Later, Reid issued a statement casting things a little differently, saying that he is writing a bill for Senate action “by Monday” and that he would welcome any “good-faith proposals” from McConnell

Cliff Negotiators Continue Circling Each Other

</p> “If we go over the cliff, we’ll be left with the knowledge that it could have been prevented with a single vote in the Republican-controlled House,” Reid continued, referring to the tax bill approved

Talk of Grand Bargain Heads to Dustbin

</p> “If Speaker Boehner is willing to bring to the floor of the House a bill, and just let this House work its will, Democrats and Republicans voting as their conscience determines, then I believe we