Obama Summons Congress Leaders as Budget Deadline Approaches

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Senate Majority Leader Harry Reid, a Democrat from Nevada, left,... News PhotoArrival,Barack Obama,Budget,Debt,Democratic Party - USA,Fiscal Cliff,Government,Harry Reid - Politician,Horizontal,International Landmark,Meeting,Nevada,North America,Politics,The Americas,The Media,US President,USA,Washington DC,White House - Washington DCPhotographer Collection: Bloomberg 2012 BloombergSenate Majority Leader Harry Reid, a Democrat from Nevada, left, arrives to a meeting with U.S. President Barack Obama at the White House in Washington, D.C., U.S., on Friday, Dec. 28, 2012. Obama is set to propose a scaled-back package at a meeting with congressional leaders to avert tax and spending changes that could trigger a recession in 2013, a Democratic aide with knowledge of the talks said. Photographer: Andrew Harrer/Bloomberg via Getty Images