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President Barack Obama said Friday he was optimistic that an agreement can be reached in time to avert the "fiscal cliff."
Democratic and Republican sources reported some progress Friday toward a potential deal averting the "fiscal cliff" ahead of an afternoon White House summit.
Stocks are increasingly vulnerable as the "fiscal cliff" deadline nears, but traders are still betting politicians will compromise on a deal to head it off, even if it's early in 2013.
The White House is seeking $1.6 trillion in tax increases and $50 billion in stimulus spending as part of any "Fiscal Cliff" deal, said Republican aides.
Jason Trennert, Strategas Research Partners, and Barry Knapp, Barclays, discuss the economic outlook for next year, as the nation faces taxing times in 2013.
Discussing reports that companies are scrambling to offer special dividends as the January 1 tax threat of the fiscal cliff nears, with Steve Moore, author of "Return to Prosperity," and CNBC Contributor Howard Dean.
Congress is tossing around the idea of swapping out the paper dollar bill for a hard coin, and a government report finds the move could save taxpayers nearly $4.5 billion over 30 years, with Sean Fieler, American Principles; and Don Luskin of Trend Macro and Jim LaCamp of UBS, check the stock market.
