Congress Nowhere Near a Fiscal Cliff Solution

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Members of Congress met with Treasury Secretary Tim Geithner on Capitol Hill today as Republicans and Democrats fight over solutions to the fiscal cliff.
 
However, they came away empty-handed as both parties avoided debate and instead played the blame game.

The fiscal cliff hits Jan. 1 when taxes will go up on all working Americans and funding for many federal programs will be slashed.

Democrats say the the ball's in the court of the GOP.

"We are waiting for some specifics somewhere to show that they are serious on negotiations," Sen. Charles Schumer, D-N.Y., said.

Republicans say it's the Democrats who haven't brought forth any serious proposals.

"This is not a game. Jobs are on the line. The American economy is on the line, and this is the time for adult leadership," House Speaker John Boehner, R-Ohio, said at his weekly news conference.

Meanwhile, President Obama plans to make a direct pitch to Americans tomorrow while visiting a Pennsylvania toy company.

He'll call for extending middle class tax cuts while letting them expire for wealthier Americans.

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