Senate Majority Leader Harry Reid: “We are Running Out of Time” to Avoid the “Fiscal Cliff”; “Negotiations are Still Continuing as I Speak” – Video 12/31/12 UPDATED: AP Says “Contours” of a Deal Emerging

Here is video of Senate Majority Leader Harry Reid this morning saying no deal on the “Fiscal Cliff” has yet been struck, and “We are running out of time.” Reid said “negotiations are still continuing as I speak.”

AP Sources: With midnight deadline approaching, contours of ‘fiscal cliff’ deal emerging: apne.ws/TZUwp6 – KM

— The Associated Press (@AP) December 31, 2012

Steny Hoyer says he’s “not enthusiastic” about an emerging deal politi.co/YGybct

— POLITICO (@politico) December 31, 2012

The real sticking point to a deal! Neither side wants to agree to something that makes it look like they caved.#ego

— Chuck Todd (@chucktodd) December 31, 2012