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Harry Reid adjourns Senate until Monday morning, talks continue

December 30, 2012 | 6:00 pm
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Photo - Senate Majority Leader Harry Reid, D-Nev., walks to a closed-door meeting with fellow Democrats as he and Senate Minority Leader Mitch McConnell, R-Ky., work to negotiate a legislative path to avoid the so-called "fiscal cliff," at the Capitol in Washington, Sunday, Dec. 30, 2012. Senate and House leaders rushed to assemble a last-ditch agreement to stave off middle-class tax increases and possibly delay steep spending cuts in an urgent attempt to find common ground after weeks of gridlock. (AP Photo/J. Scott Applewhite)
Senate Majority Leader Harry Reid, D-Nev., walks to a closed-door meeting with fellow Democrats as he and Senate Minority Leader Mitch McConnell, R-Ky., work to negotiate a legislative path to avoid the so-called "fiscal cliff," at the Capitol in Washington, Sunday, Dec. 30, 2012. Senate and House leaders rushed to assemble a last-ditch agreement to stave off middle-class tax increases and possibly delay steep spending cuts in an urgent attempt to find common ground after weeks of gridlock. (AP Photo/J. Scott Applewhite)

Senate Majority Leader Harry Reid has announced that the Senate will adjourn until Monday morning at 11 am, with “fiscal cliff” negotiations continuing through the night.

At that point, he could either begin the legislative process should any deal be struck overnight, or push ahead with a scaled-back plan, hoping to peel off enough Republicans to squeeze it through the Senate and put pressure on the House to go ahead with it.

Either way, action must be taken by midnight Monday to prevent taxes going up on all Americans and to avert automatic spending cuts.

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