WASHINGTON — President Obama said he remains hopeful Congress will reach a deal to avert the “fiscal cliff,” but negotiations stalled Sunday afternoon on Capitol Hill where Senate leaders are trying to find a compromise to avert year-end tax hikes and spending cuts that threaten economic recovery.

“At this stage, we are not able to make a counter-offer,” said Senate Majority Leader Harry Reid, D-Nev., in response to the most recent offer made by Senate Minority Leader Mitch McConnell, R-Ky., on Saturday evening. “Perhaps as the day moves on I will be able to.”

Reid added: “We’re apart on some pretty big issues.”

 

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