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Obama "Modestly Optimistic" About A Fiscal Cliff Deal

The President tells the press that leaders in Congress may be able to reach an agreement that can pass both houses in time.

Economists, business leaders all think that we’re poised to grow in 2013 –- as long as politics in Washington don’t get in the way of America’s progress.

So we’ve got to get this done. I just want to repeat — we had a constructive meeting today. Senators Reid and McConnell are discussing a potential agreement where we can get a bipartisan bill out of the Senate, over to the House and done in a timely fashion so that we’ve met the December 31st deadline. But given how things have been working in this town, we always have to wait and see until it actually happens. The one thing that the American people should not have to wait and see is some sort of action.

So if we don’t see an agreement between the two leaders in the Senate, I expect a bill to go on the floor — and I’ve asked Senator Reid to do this — put a bill on the floor that makes sure that taxes on middle-class families don’t go up, that unemployment insurance is still available for two million people, and that lays the groundwork, then, for additional deficit reduction and economic growth steps that we can take in the New Year.

But let’s not miss this deadline. That’s the bare minimum that we should be able to get done, and it shouldn’t be that hard since Democrats and Republicans both say they don’t want to see taxes go up on middle-class families.

I just have to repeat — outside of Washington, nobody understands how it is that this seems to be a repeat pattern over and over again. Ordinary folks, they do their jobs. They meet deadlines. They sit down and they discuss things, and then things happen. If there are disagreements, they sort through the disagreements. The notion that our elected leadership can’t do the same thing is mind-boggling to them. It needs to stop.

So I’m modestly optimistic that an agreement can be achieved. Nobody is going to get 100 percent of what they want, but let’s make sure that middle-class families and the American economy — and, in fact, the world economy — aren’t adversely impacted because people can’t do their jobs.

Thank you very much, everybody.

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