No deal in sight as fiscal cliff looms

The clock is ticking for lawmakers to avert

The clock is ticking for lawmakers to avert sweeping tax hikes and spending cuts. (December 27, 2012 7:05 PM)

The nation is teetering on the brink of the so-called fiscal cliff without a deal in sight, and experts say unless a compromise is hammered out, there could be dire consequences for Long Island taxpayers. Senate Majority Leader Harry Reid blames House Republicans for refusing to come to the table as the fiscal cliff looms. President Barack Obama says he has reached out to congressional leaders...

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