republicans, that is loosely scheduled for some time after thanksgiving. both sides have reported progress on fiscal cliff talks, though considerable differences remain between democrats and republicans and how to avert hundreds of billions of dollars in automatic spending cuts and tax increases schedule -d for january. the two sides are hung up on tax rate increases and major changes to medicare, medicaid and social security. all we re even looking for at this point is a raise of an eyebrow or a head fake or anything at all that acknowledges that these entitlement programs have to be part of the mix. simply transferring costs onto individuals does not address the fundamental problem. reporter: congressional leaders may strike a deal before january s deadline but that may only be the beginning of a lengthy deficit cutting process. negotiators are discussing a deal that would create savings and revenue targets through spending cuts and tax reforms. democrats and republicans would
for state hood. this hour, the president is expected to meet with palestinian authority president abbas. he held a separate meeting just a little while ago with benjamin netanyahu. let s bring in our chief white house correspondent, jessica yellin. she s covering this from new york. the president also delivered a major address before the u.n. general assembly. that s rig, wolf. the palestinians continue pressing their case here at the united nations and it was the most dramatic issue the president addressed in his speech today with repeated the theme, peace is hard. the president trumpeted progress at the end of this year, america s military operation in iraq will be over. osama bin laden is gone. and warned of challenges ahead. where we stand with the syrian people or their oppressors. what so many were listening for was this. we seek a future where palestinians live in a sovereign sate of their own. how would we explain his opposition to the palestinian push