Reid & McConnell Seek Budget Deal

Alexis Simendinger, RealClearPolitics
Senate leaders Harry Reid and Mitch McConnell agreed Friday to work through the weekend to develop a possible fiscal-cliff plan they hope could pass in both chambers of Congress before Dec. 31.The eleventh-hour effort was the upshot of an hour-long discussion at the White House among congressional leaders and President Obama. Speaker John Boehner told the group that the House, which is scheduled to return to work Sunday night, will act only after the Senate makes the next move.Should Congress fail to ratify legislation in time for Obama to sign it before midnight Monday, more than $ 500…

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