Congressman Upton Losing Optimism On Fiscal Cliff Solution

There is still no agreement between the White House and Republicans in the U.S. House on avoiding the fiscal cliff at the end of the year. Congressman Fred Upton isn't really optimistic with less than two weeks to go before massive spending cuts and tax hikes are automatically enacted.

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House Speaker John Boehner expressed some hope this morning on Capitol Hill that an agreement can still be found. He spoke with President Obama over the phone last night after both sides gave each other a new proposal.