Marathon Fiscal Talks Continue

Negotiations on how to avoid the now-infamous fiscal cliff continued late into the night Saturday, with aids passing proposals back and forth between Republican and Democratic offices. The negotiations come one day after a “productive” but largely fruitless meeting between President Obama and congressional leadership left him “modestly optimistic.” Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell are now responsible for crafting a bipartisan agreement. The House and Senate will convene in “rare Sunday sessions” tomorrow—an indication of just how grave the situation has become.