Lawmakers in Washington are no closer to a deal on avoiding the fiscal cliff than they were before Thanksgiving when both parties strongly hinted a deal was in reach after a meeting at the White House.
Congressional aides are busy trying to work out the nitty gritty details and they're finding there are major hurdles.
Chief among the hurdles are entitlement reform and tax increases. Republicans are showing signs of cutting a deal to raise taxes on high-income earners, but Democrats are divided over making cuts to programs like Medicare and Medicaid.
President Barack Obama has insisted repeatedly that tax increases on the wealthy must be part of any deal, even as...