President Obama Makes Fiscal Cliff Statement - KTVN Channel 2 - Reno Tahoe News Weather, Video -

President Obama Makes Fiscal Cliff Statement

Posted: Updated:

President Barack Obama says "the hour for immediate action is here" on a deal to avert the fiscal cliff.

The president says he remains "optimistic" that an agreement can be reached in Congress before a looming year-end deadline to avoid tax increases and spending cuts.

If Congress can't reach a deal, the president says Congress should allow a vote on a basic package that would preserve tax cuts for middle-class Americans while extending unemployment benefits for the long-term jobless and working toward a foundation for a broader deal.

The president says an hourlong meeting Friday with congressional leaders was "good and constructive."

Senate leaders say they hope to reach a compromise that could be presented to lawmakers by Sunday, little more than 24 hours before the deadline. (AP)

Nevada Senator Harry Reid released the following statement after meeting with President Obama, Speaker Boehner, Leader McConnell and Leader Pelosi at the White House:

"We had a productive meeting at the White House, and I am hopeful that we will be able to avoid the fiscal cliff. At President Obama's request, I am readying a bill for a vote by Monday that will prevent a tax hike on middle-class families making up to $250,000, and that will include the additional, critical provisions outlined by President Obama. In the next twenty-four hours, I look forward to hearing any good-faith proposals Senator McConnell has for altering this bill."

  • Today's Top StoriesMore>>

  • Fracking Discussion Held at University of Nevada

    Fracking Discussion Held at University of Nevada

    Thursday, April 17 2014 7:29 AM EDT2014-04-17 11:29:01 GMT
    On Wednesday, there was a big turnout at the University of Nevada for a discussion to talk about the possible environmental impacts of fracking.More >>
    On Wednesday, there was a big turnout at the University of Nevada for a discussion to talk about the possible environmental impacts of fracking.More >>
  • DUI Arrest in Power Pole Accident

    DUI Arrest in Power Pole Accident

    Thursday, April 17 2014 7:19 AM EDT2014-04-17 11:19:19 GMT
    Police have made a DUI arrest in connection with a vehicle vs. power line accident early Thursday morning. The Reno Police department responded to a section of Old Virginia Rd., between Damonte RanchMore >>
    Police have made a DUI arrest in connection with a vehicle vs. power line accident early Thursday morning. The Reno Police department responded to a section of Old Virginia Rd., between Damonte RanchMore >>
  • Semi Accident Near Derby Dam

    Semi Accident Near Derby Dam

    Thursday, April 17 2014 4:41 AM EDT2014-04-17 08:41:39 GMT
    The Nevada Highway Patrol is investigating an accident between a semi truck and a car near Fernley Wednesday night.More >>
    The Nevada Highway Patrol is investigating an accident between a semi truck and a car near Fernley Wednesday night.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.