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May 21, 2013 | 03:36 PM
Washington D.C. weather

Fiscal Cliff

With reporters looking for updates, Sen. Charles Schumer, D-N.Y., retreats to a closed-door caucus with fellow Democrats as the Senate leadership works to negotiate a legislative path to avoid the so-called "fiscal cliff" of automatic tax increases and deep spending cuts that could kick in Jan. 1., at the Capitol in Washington, Sunday, Dec. 30, 2012.   (AP Photo/J. Scott Applewhite)

With reporters looking for updates, Sen. Charles Schumer, D-N.Y., retreats to a closed-door caucus with fellow Democrats as the Senate leadership works to negotiate a legislative path to avoid the so-called "fiscal cliff" of automatic tax increases and deep spending cuts that could kick in Jan. 1., at the Capitol in Washington, Sunday, Dec. 30, 2012. (AP Photo/J. Scott Applewhite)