Senate Majority Leader Harry Reid (D-NV) and Senate Republican leaders briefed reporters on this week’s Senate Agenda and the latest so-called “fiscal cliff” negotiations.
Majority Leader Reid warned that Senators might have to return to session after Christmas to resume work on a deal. On Monday, House Speaker John Boehner (R-OH) met with President Obama at the White House on a debt reduction agreement. Lawmakers have until the end of the year before the Bush-era tax cuts are set to expire for most Americans, and mandatory domestic and defense spending cuts take effect.