"There is no more 'let's do it some other time,'" said Senate Majority Leader Harry Reid, D-Nev. "We're going to do it now. ... We feel very comfortable with each other, and this isn't something we're going to wait until the last day of December to get it done."Obama favors $1.6 trillion in higher taxes over the next decade, in part by allowing existing cuts to expire on Dec. 31 on higher incomes.
Hill Leaders Voice New Confidence In Deficit Deal
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