‘Fiscal cliff’ deal within sight - Obama

Washington -

US President Barack Obama said on Monday that a deal to avert the fiscal cliff budget crisis due to hit within hours was in sight but was not yet done.

Barack Obama makes a statement to reporters after meeting with congressional leaders at the White House in Washington December 28. Credit: REUTERS

Obama said the fallback deal being negotiated in Congress ahead of a January 1 deadline would start to solve America's budget and deficit problems in several steps rather than in a big, comprehensive deal that he had hoped for. - Sapa-AFP