Posted: Mon, December 31 2012 at 8:10 AM, Updated: Mon, December 31 2012 at 8:14 AM
On January first, we will hit the so-called fiscal cliff. There is still no deal to avoid those massive tax hikes and spending cuts.
Republicans dropped a demand to cut social security.
President Obama is blaming the Republicans for holding up any type of deal.
On Sunday, Republicans were waiting on Democrats for a counter offer.
All hands will be on deck as lawmakers scramble into the final hours. They are meeting Monday morning.