Bowles and Simpson Predict Congress Goes Over the Fiscal Cliff

Despite lawmakers trying to reach a deal, the two don't see a deal being made before Jan. 1.

Erksine Bowles and Alan Simpson at a breakfast with reporters Wednesday, Nov. 28, 2012.

Erksine Bowles and Alan Simpson at a breakfast sponsored by the Christian Science Monitor on Wednesday.

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"They talked some happy talk about doing revenues, but we only have a couple weeks to get something done," Reid said about Republican plans floating around on Capitol Hill. "So we have to get away from the happy talk and start talking about specific things."

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  • Lauren Fox is a political reporter for U.S. News and World Report. You can follow her on Twitter or reach her at lfox@usnews.com.