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quote:

mvliex 1 schreef op 28 december 2012 17:03:

[...]

Kon je niet zelf eten dan?
;-)
had mn handen al vol aan . . .
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The market is for the most part prepared for the budget drama to continue to play out into the first two to three weeks of 2013, Cobb said.

“What it’s not prepared for is if it’s Feb. 15 and we’re still talking about this.”
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Zondag komen de leden van het Amerikaanse Huis van Afgevaardigden terug van reces voor overleg. Maandag moet een compromis zijn bereikt, zowel in het Huis als in de Senaat, anders treden automatisch bezuinigingen en belastingverhogingen in werking die de economie ernstig kunnen schaden.
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WASHINGTON (MarketWatch) — Congressional leaders and President Barack Obama had a constructive, candid meeting on Friday, House Minority Leader Nancy Pelosi said, a sign of movement as the U.S. economy lurched toward the fiscal cliff.

Pelosi said that Obama wants to see a plan from Senate Majority Leader Harry Reid and Senate Republican Leader Mitch McConnell, Dow Jones Newswires reported. Reid and McConnell were mum after the meeting, though, and returned to the Capitol.

Obama is due to make a statement at 5:45 p.m. Eastern, the White House announced.
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Reid: Working with Senate Republicans on 'something'
Watching C-Span's Senate coverage – they are in the middle of a vote on an insane Rand Paul amendment that deducted Sandy relief from US overseas aid, which got shot down by 91-3 – and there's a tight knot of Democratic senators around Harry Reid.

Reid then takes to the chamber floor. "Everyone knows we've been to the WH, we've had a constructive meeting," Reid tells the Senate. Then, some news:

The Republican leadership and I and our staff are working to see what we can come up with... but I think it's in everybody's interests not to be in session tomorrow.

Instead, when Senate comes in on Sunday, Says Reid, "Hopefully by that time Senator McConnell and I will have made a determination" that the two sides can "come up with something".
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Reid and McConnell 'optimistic' on deal for Sunday
Harry Reid is speaking on the floor of the Senate chamber, telling his colleagues about today's meeting at the White House:

I think it was a positive meeting, there was not a lot of hilarity in the meeting, it was a serious meeting.

He's says he's optimistic that "something" can be done by Sunday.

The Republican minority leader, Mitch McConnell, echoes Reid that his hopeful and optimistic: "I share the view of the majority leader that it was good meeting," and that he hoped to "come forward on Sunday" with recommendations for the respective party caucuses:

So we will be working hard to see if we can get there in the next 24 hours.

Reid returns to the floor for a final warning:

Whatever we come up with is going to be imperfect and some people aren't going to like it ... we're going to do the best we can for our caucuses and the nation.
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. . who's going to chicken out?

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Staff for the House Speaker John Boehner have been talking to the media, saying that the White House meeting agreed that the next move had to be "bipartisan action" from the Senate
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ING Groep NV Cert. 7,02 6,99 -0,03 -0,48%
Aegon NV 4,83 4,78 -0,05 -1,08%
. . . vorige week
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After days of talk, a flicker of life is breathed into the fiscal cliff negotiations today as President Obama gathers congressional leaders at the White House.

Obama will sit down with Republicans leaders in Congress, John Boehner and Mitch McConnell, as well as their Democratic counterparts Nancy Pelosi and Harry Reid, at a meeting scheduled to start at 3pm ET.

But with just four days remaining, and the House of Representatives not in session until Sunday afternoon, the prospects of a rapid conclusion to the car-crash of tax increases and budget cuts piling up on 1 January seems remote.

Indeed, many observers expect that the deadline to beat the implementation of the fiscal cliff provisions – such as raising income taxes to 2002 levels – will be missed, and for serious negotiations to really start once the 113th Congress is sworn in on 3 January.
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It's over to the Senate
So, all that leaves the ball is in the court of the Senate, and on Harry Reid and Mitch McConnell to agree on something.

That's probably the best chance of a deal emerging. For all its faults, Senate Republicans are more malleable their comrades in the House, because of its nature and the Democratic majority.

So for the next 36 hours or so, Reid and McConnell will try and cook something up, for passage by the Senate on Sunday. How hard they try, and how much it is for show, remains to be seen. But both men made the requisite noises on the floor of the Senate, if that
One would have to think that if a plan can get through the Senate, that has a good chance in the House
29 Dec 12 ReplyRetweetFavorite
It al depends what's in the deal, of course, and already there's dispute about what the Republicans can stomach.

But if this is just kabuki at this point, then President Obama is gearing up for a fight, with tonight's statement and it's repeated focus on the effects on the middle class and the economic recovery.

Obama is following up with an appearance on Meet The Press on Sunday morning, his first such since 2009, and keep the pressure on the Republicans in the event that the wheels fall off entirely.
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blogs.ajc.com/jamie-dupree-washington...

Weekend of deal making in Congress

11:46 am December 29, 2012, by Jamie Dupree

The future of a fiscal cliff deal is now up to Senate leaders as they try to forge a tax and budget agreement, sell it to each party, avoid a series of ever-present procedural hurdles, get it approved by the Senate and then get that measure to the House for final action by New Year's Day.

"Discussions are underway," was how it was characterized to me on Saturday morning, as I was cautioned not to expect any announcement on what might be in this plan before the still fluid details are run by Senators on Sunday.

The behind the scenes maneuvering on Capitol Hill quickly brought questions from my listeners about the constitutional legitimacy of such a plan, as people rightly point out that revenue bills are supposed to start in the House.

"How can the Senate initiate legislation on taxes first?" read one email on Saturday morning.

It's pretty simple, really.

The Senate just has to take a House-passed tax or spending bill, strike out the text of that measure and insert the language of whatever is agreed to by Senate leaders.

That just happened over the past two weeks in the Senate, as they took a defense spending bill from last year, and replaced the text with the Hurricane Sandy disaster aid plan.

That revised bill was approved by the Senate on Friday evening and will now go back to the House for further action.

As of this writing, I don't know which House-passed bill the Senate will use as the legislative "shell" or "vehicle" for a fiscal cliff deal, but there are a number of bills available.

The most obvious choice might be a bill that the House passed back on August 1, H.R. 8, which would extend the Bush tax rates for all Americans for one more year; the vote was 256-171.

That bill was sent to the Senate, where it was placed on the legislative calendar. It has not been brought up for any amendments or votes, but could easily become the legislative vehicle for a fiscal cliff deal.

The Senate is not in session on Saturday; both the House and Senate will return to work on Sunday.

But expect a lot of behind the scenes work by staffers of both Senate Majority Leader Harry Reid and Senate Republican Leader Mitch McConnell, as they try to put together a tax and budget agreement and then present it to Senators on Sunday.

The fiscal cliff deadline of January 1 is not far away.
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Fiscal Cliff
Countdown to Fiscal Cliff
1 1 38 57
Days Hours Minutes Seconds

Looking for 11th-hour deal

Reuters
Does a fiscal-cliff breakthrough hinge on Senate leaders' willingness to deal? From left: Sens. Mitch McConnell (R., Ky.) and Harry Reid (D., Nev.).
As the fiscal cliff looms and with investors on edge, it's come down to this: The top four congressional leaders — House Speaker John Boehner, Sen. Mitch McConnell, Sen. Harry Reid and House minority leader Nancy Pelosi — will meet with President Barack Obama on Friday afternoon at the White House.
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LATEST: Still no cliff deal, Senate Dems just broke from their meeting, Biden & McConnell now trying for deal
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