"I still want to get this done"

Obama's statement on the fiscal cliff

Published December 28, 2012 11:08PM (EST)

After a frantic day of speculation without apparent progress, President Barack Obama made a statement about the fiscal cliff, the combination of tax hikes and spending cuts that takes hold at the end of the year.

Amid a spate of Washington bashing, the president said Senate leaders Harry Reid (D-Nev.) and Mitch McConnell (R-Ky.) are working on a bipartisan deal to pass the Senate. If the Senators cannot accomplish this, the president said he has asked Reid to push for an up or down vote on a bill that would not raise taxes on middle-class families and would extend unemployment benefits.

By Alex Halperin

Alex Halperin is news editor at Salon. You can follow him on Twitter @alexhalperin.

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Congress Fiscal Cliff John Boehner President Barack Obama U.s. Economy Video