This just came over the wire a few minutes ago:
WASHINGTON (AP) – The House will miss the midnight Monday deadline lawmakers set for voting to avoid the “fiscal cliff.”
House Republicans notified lawmakers that the chamber will vote Monday evening on other bills. They say that will be their only votes of the day.
President Barack Obama and Senate Republican leader Mitch McConnell said Monday they are near a deal to avoid wide-ranging tax increases and spending cuts – the fiscal cliff – that take effect with the new year.
Both men said they were still bargaining over whether – and how – to avoid $109 billion in cuts to defense and domestic programs that take effect on Wednesday…
OK, so there could still be a deal by Wednesday. And truth be told, the “cliff” is more like a steep incline, with various painful measures being enacted as we move into the new year. There is time, even after tonight, to undo much that the cliff entails.
But still. They’ve known this was coming a year and several months. Pretty much everyone wanted to avoid it. But Washington is so pathetic, they couldn’t get it done.
These are the times we live in.