Senate Minority Leader Mitch McConnell (R-Ky.) on Monday said "fiscal cliff" talks are at an “impasse” and only President Obama can break the logjam.
Speaking from the the Senate floor, McConnell said Republicans have made a concession in the talks on taxes but that Democrats have so far refused to produce real spending cuts to match.
“The only balanced approach is one that includes real and lasting reforms. So Republicans have stepped out of our comfort zone. We’ve been clear about what we’ll do and what we won’t. And yet we remain at an impasse,” he said.