Labor leaders to talk Fiscal Cliff

(CBS) - President Obama will meet with labor leaders today. It's part of a series of meetings the President will have this week to try and build a consensus about how to address the fiscal cliff.

Today it's labor leaders, tomorrow it's business leaders and he'll meet with congressional leaders on Friday. The fiscal cliff is a series of tax increases and across the board spending cuts that many economists say could push the US into another recession.

Congress will also be working on the fiscal cliff when it comes back to work today. The House and Senate have been in recess since September when the legislators took a break for the elections.

Both Democratic and Republican congressional leaders say they believe some kind of deal can be worked out before the end of the year. Also on Capitol Hill today, new senators from both sides of the aisle will meet their new colleagues


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