WATCH: President Obama “Modestly Optimistic” We Won’t Fall Off Fiscal Cliff

Friday evening President Obama expressed modest optimism that the House and Senate will reach a fiscal cliff deal before the New Year’s deadline, but said that if Congress fails to act, he will ask Senate Majority Leader Harry Reid (D-Nev.) to propose a bill that protects unemployment benefits and stops tax increases on the middle class.

“I will urge Senator Reid to bring to the floor a basic package for an up-or-down vote, one that…lays the groundwork for additional deficit reduction and economic growth steps,” President Obama said at a press conference on Friday, after meeting behind closed doors with Sen. Reid, Senate Minority Leader Mitch McConnell (R-Ky.), House Speaker John Boehner (R-Ohio) and House Minority Leader Nancy Pelosi (D-Calif.) “That’s the bare minimum…and it shouldn’t be that hard.”

As my colleague Andy Kroll points out, the fiscal cliff “isn’t really a cliff” but we’re still “in for roughly $400 billion in tax increases and $200 billion in spending cuts…spread out over many months.” Without a fiscal cliff deal, Bush’s tax cuts for the middle class will expire, shrinking US GDP by 1.3 percent. Additionally, unemployment benefits worth $30 billion are expected to run out, potentially ending benefits for millions of Americans.

“The American people are not going to have any patience for a politically self-inflicted wound to our economy,” the President said. “Outside of Washington, nobody understands how it is that this seems to be a repeat pattern.”

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And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

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