Obama scolds Congress for waiting until deadline to avert fiscal cliff… says he"s "modestly optimistic" a deal will be reached

'The hour for immediate action is here:' Obama scolds Congress for waiting until deadline to avert fiscal cliff … says he's 'modestly optimistic' a deal will be reachedPresident Barack Obama met with congressional leaders and Treasury Secretary Tim Geithner in search of a compromise to avoid across-the-board tax increases and deep spending cutsMeeting adjourned without a compromise The looming fiscal cliff would likely be triggered on Monday if a budget deal cannot be agreed upon American families could see roughly $4,603 less in their paycheck annually if the U.S. falls off the fiscal cliff | UPDATED: 01:25 GMT, 29 December 2012 President Obama said Friday that if the top two leaders of the Senate can't agree on a budget deal to avert the fiscal cliff of higher taxes and severe spending cuts, then he will send his own proposal to Congress for an up-or-down vote

Welcome to the Cabinet, Maam, be prepared for party squabbling

Welcome to the Cabinet, Ma’am, be prepared for party squabbling By Quentin Letts PUBLISHED: 23:29 GMT, 17 December 2012 | UPDATED: 23:29 GMT, 17 December 2012 TODAY the Queen will attend Cabinet – the first time she has done so in her 60-year reign. The visit, at the invitation of David Cameron, is to mark her Diamond Jubilee