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The deadline for the fiscal cliff is fast-approaching. NPR's David Welna is at the Capitol and talks with host Jacki Lyden about where congressional leaders are on a deal.
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Talks appeared stalled Sunday as the Senate finished up for the evening without a deal in sight. Democratic Sen. Harry Reid said there was "still significant distance between the two sides."
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President Obama went on air to levy pressure on Congress Sunday as Senate leaders worked to negotiate a deal to avert the "fiscal cliff." Graham said the odds of a last-minute deal are "exceedingly good."
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Weekend Edition Sunday guest host Linda Wertheimer speaks with Joshua Green, senior national correspondent for Bloomberg Businessweek, about the latest in the last-minute push to resolve the debt crisis.
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It was hardly the first time the president had been standing at the White House briefing room podium, asking lawmakers to finally, before time runs out, agree to his plan or cut a deal, and spare the world some gratuitous economic pain.
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Seeking to avert automatic spending cuts and tax increases that are set to take effect on Jan. 1, President Obama and the four senior leaders of Congress huddled at the White House today.
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You've heard of the "fiscal cliff," but have you heard of the "milk cliff"? If Congress doesn't take action on the farm bill before Jan. 1, milk prices could shoot up dramatically.
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The tortuous negotiations involved in the "fiscal cliff" talks are like a chess game. To shed some light on the kinds of negotiation techniques that members of Congress might be using, we asked two negotiation experts to walk us through examples from their everyday lives.
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President Obama and congressional leaders will meet this afternoon. There's not much talk about a deal being reached that bridges their differences over taxes and spending. But at least a few lawmakers are still optimistic.
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If Congress and the president can't reach a deal, budget cuts will go into effect next week. But most agencies won't be hit right away. The biggest planning headaches seem to be for payroll companies and others who deal with taxes — as they wait to see if automatic increases happen Jan. 1.