Senate Majority Leader Harry Reid (center), flanked by Sen. Charles E. Schumer (left) and Sen. Patty Murray, gestures during a news conference on Capitol Hill in Washington on Thursday, Nov. 29, 2012, following a meeting with Treasury Secretary Timothy F. Geithner on the "fiscal cliff" negotiations. "We're still waiting for a serious offer from Republicans," Mr. Reid said. (AP Photo/J. Scott Applewhite)

Photo by: J. Scott Applewhite

Senate Majority Leader Harry Reid (center), flanked by Sen. Charles E. Schumer (left) and Sen. Patty Murray, gestures during a news conference on Capitol Hill in Washington on Thursday, Nov. 29, 2012, following a meeting with Treasury Secretary Timothy F. Geithner on the "fiscal cliff" negotiations. "We're still waiting for a serious offer from Republicans," Mr. Reid said. (AP Photo/J. Scott Applewhite)