Reid: 'Little Progress' on Fiscal Cliff

The dreaded ‘fiscal cliff’ is mere weeks away, and Senate Majority Leader Harry Reid is not exactly reassuring. Reid told reporters Tuesday that so far, "little progress" has been made to avoid economic disaster. Reid says although he doesn’t expect to go over the cliff, it’s time for Republicans to translate their talk of raising revenues into action. “We have to get away from the happy talk and start talking about specific things," Reid said. With $600 billion in combined tax increases and spending cuts slated to go into effect on January 1st and economists warning of another recession, let's hope they can come up with something.