Obama: deal in sight to avert fiscal cliff | Bangkok Post: news

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Obama: deal in sight to avert fiscal cliff

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President Barack Obama said Monday a deal to avert the fiscal cliff budget crisis was in sight, as dramatic New Year's Eve negotiations went down to the wire ahead of a midnight deadline. 

US President Barack Obama pauses while speaking about the ongoing fiscal cliff negotiations from the White House in Washington on December 31, 2012. Obama said Monday a deal to avert the budget crisis was in sight, as the dramatic New Year's Eve talks went down to the wire ahead of a midnight deadline.

"It appears that an agreement to prevent this New Year's tax hike is within sight. It's not done. There are still issues left to resolve, but we're hopeful that Congress can get it done," Obama said at the White House.

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