Senate Majority Leader Harry Reid said that Democrats and Republicans still had key differences in talks to avert a looming year-end "fiscal cliff." The Democrat added that he had not been able to make a counter-offer to the latest Republican proposal:
I've had a number of conversations with the president and at this stage we're not able to make a counter-offer.
I think that the Republican leader has shown absolutely good faith. It's just that we're apart on some pretty big issues