Fiscal Cliff Negotiations: Obama, Boehner Meet

The speaker of the House and the president met for the first time in weeks.
1:44 | 12/10/12

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Transcript for Fiscal Cliff Negotiations: Obama, Boehner Meet
We turn now to the fiscal cliff. Just 22 days before everyone's taxes go up, every government program is cut. There's a bit of hope that a deal to avoid the consequences could be coming, sparked by the first meeting in weeks between the president and john boehner. Jake, what do we know about the meeting? Reporter: They spoke on the phone on friday and set up a meeting for yesterday. Speaker boehner did come here. And though I don't think there's any reason to believe we're really close to a deal, progress has been made, though one side of the talks staaid that that progress is fragile. We're getting close to the point, really, by tend of the week, if they're not a lot closer, it might be too hard to do by the end of the year. There could be a quick fix solution. Republicans agree to keep the tax cuts in place for the 98% of the country. Avoid tax cuts for a few month, go take winter break. That would not be a long-term solution but would avert the fiscal cliff. Hillary clinton's future, talking about her for 2016, are we any closer, is the president any closer to naming her replacement? I don't think that will happen this week. My sources suggest likely next week. The president has not yet made a decision, I'm told, on the key position, secretary of state, secretary of defense, cia director. He wants to unveil it all at the same time, a new national security team. Thank you, jake. Now to the second straight

This transcript has been automatically generated and may not be 100% accurate.

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