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Reacha Deal By New Years Day News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - FOXNEWS - 20121117:00:36:00

direct specific threats of violence. you ve been hearing about it. economic crisis just a few weeks away potentially if lawmakers don t do something about it. president obama meeting with congressional leaders from both political parties to try to get them back from the brink. if they can t reach a deal by new year s day, tax also go up, deep automatic spending cuts take effect. economists warning the combination of that could propel news another recession and higher unemployment. before today s meeting, the president said everyone agrees it s urgent to get a deal done. we ve got to make sure that taxes don t go up on middle class families, that our economy remains strong, that we re creating jobs, and that s an agenda that democrats and republicans and independents, people all across the country share. harris: after that meeting, congressional leaders said they re confident they can get a deal done. james rosen live at the white house. james, all this talk. how about some action

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