By Nancy Cordes
The White House and congressional leaders have until January 1 to work out a budget deal.
Whatever happens next may essentially be a last-ditch effort to avert the “fiscal cliff.” Sources tell CBS News that aides to the president have been in preliminary talks with aides to Senate Majority Leader Harry Reid, who himself was in Hawaii this weekend for the funeral of Sen. Daniel Inouye.
Reid is now working, sources say, on a smaller package than the comprehensive deal the president was working on with Boehner. The package would prevent tax rates from rising for middle-class families and perhaps cut some spending and tie up a few other loose ends… (Excerpt)
By Halimah Abdullah, CNN
Washington (CNN) – The White House said President Barack Obama supports reinstatement of a federal ban on assault weapons — a position he took in the 2008 campaign but failed to press during his first term.
An emotional Obama did not address that issue directly in a televised statement from the White House on the shootings at Sandy Hook Elementary School in Newtown that killed 26 people but said something had to be done.
“We’re going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics,” said Obama, the father of two girls.
He wiped away tears when he spoke of the “beautiful little kids” killed in the massacre.