A budget crisis wouldn't really be a crisis unless it ran up against a much-loved American holiday season.
Thus the Fiscal Cliff has only truly reached the status of dire national emergency today, with Eric Cantor's announcement that Congress won't be able to take a holiday break until a "credible solution to the fiscal cliff has been found."
The House was due to start its recess on Dec 14, but Cantor said firmly, "that is no longer the case." Congress will officially still be in session the week of Dec 17-21, and perhaps even longer.
Republican congress members who don't want to compromise are already planning to dig in for the holiday season. "Some people were like, 'Let's book hotel rooms and bring our families out here because we're not going to fold our tent and give in,'" Rep. Aaron Schock (R-IL) told WaPo.
As you all know, Congress and Obama are attempting to strike a deal to avert the massive spending cuts and ~$2,000-per-family tax hikes set to kick in on January 1, 2013.
Via the Washington Post and Politico.